SALES PRICE: | $600,000 |
LOAN TERM: | 30 years |
PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$582,000 |
NO |
Interest Rate |
6.250% |
NO |
Monthly Principal & Interest |
$3,583.47 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$3,583.47 |
$__ |
|||||||||||
Mortgage Insurance |
+ 160.05 |
+ __ |
|||||||||||
Estimate Escrow |
+ 993 |
+ __ |
|||||||||||
Estimated Total |
$4,736.52 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
Costs at Closing |
||
Estimated Closing Costs |
$17,277.81 |
Includes $11,317.81 in Loan Costs + $5,973 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$19,290.81 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$6,188.81 |
|
1.0333% of Loan Amount (Discount Points) |
$6,013.81 |
|
Lender Document Attorney Preparation Fee |
$175 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$2,799 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,700 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $99.66 / day for 1 days @ 6.250%) |
$99.66 |
|
PropertyTaxes ( months) |
B. Services You Cannot Shop For |
$1,238 |
|
Appraisal Fee |
$600 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$56 |
|
Flood Certification |
$7 |
|
Tax Service Fee |
$75 |
|
G. Initial Escrow Payment at Closing |
$2,799 |
|
Homeowner’s Insurance $225 per month for 3 mo. |
$675 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $708 per month for 3 mo. |
$2,124 |
|
H. Other |
$250 |
|
HOA Transfer Fees |
$250 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$5,973 |
C. Services You Can Shop For |
$3,891 |
|
Survey Fee |
$475 |
|
Title - Abstract/Title Search Fee |
$100 |
|
Title - Lender's Title Insurance |
$2,755 |
|
Title - Settlement/Escrow Fee |
$495 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$17,290.81 |
|
D + I |
$17,290.81 |
|
Lender Credits |
Calculating Cash to Close |
||
Total Closing Costs (J) |
$17,290.81 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$18,000 |
|
Deposit |
-$6,000 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
-$10,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$19,290.81 |
D. TOTAL LOAN COSTS (A + B + C) |
$11,317.81 |
Gracias Sr. Joan por todas sus atenciones y dedicacion en el proceso de aprobarnos para la compra de nuestra casa. Igualmente agradecer al Sr. Jorge y la Sra. Patricia por su amabilidad y el excelente servicio que hemos recibido desde que aplicamos con su compania. Este fue la primera casa y el proceso ha sido excelente. Gracias de nuevo.
Good afternoon Joan, thank you so much for all your hard work and patience during this journey. I know it was not easy but we made it. I hope God continues to use you to help make other people's dreams come true. You and your team have been a blessing to my family. Have a Merry Christmas and a most wonderful and prosperous New Year!!!!! Once again, Thank you and Best Regards Carolyn De Leon
Nuestra experiencia con Clear Lending fue sin duda una de las mejores. Al principio pensamos que era imposible comprar casa pero con la ayuda de Joan y su equipo nuestro sueño se hizo realidad. Si tienes duda llama ellos siempre estan disponibles. Incluso una amiga quien estuvo en mi caso ya obtuvo su primer casa. MIL GRACIAS!!!