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Residency, Social Security or Income in the US
All Government Programs
First-Time Buyer, Rural and Veterans Programs
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Starting with only...
580 Credit Scores!!!
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Contact us to analyze your options.
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We will help you.
Upto 90% financing for
Purchases of up to $830,000.
USDA Loans for moderate income Families
0% down payment - 100% financing
| SALES PRICE: | $3,750,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$3,000,000 |
NO |
Interest Rate |
5.750% |
NO |
Monthly Principal & Interest |
$17,507.19 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$17,507.19 |
$__ |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ 6,795 |
+ __ |
|||||||||||
Estimated Total |
$24,302.19 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$97,983 |
Includes $61,110 in Loan Costs + $36,873 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$810,843 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$36,025 |
|
1.198 % of Loan Amount (Points) |
$35,940 |
|
Document Review Fee |
$85 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$16,013 |
|
Homeowner’s Insurance Premium ( 12 months) |
$15,540 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $473 / day for 1 days @ 5.750%) |
$473 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$3,438 |
|
Appraisal Fee |
$2,500 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$44 |
|
Document Preparation Fee |
$300 |
|
|
Flood Certification |
$15 |
|
Tax Service Fee |
$79 |
|
G. Initial Escrow Payment at Closing |
$20,385 |
|
Homeowner’s Insurance $1,295 per month for 3 mo. |
$3,885 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $1,200 per month for 3 mo. |
$16,500 |
|
H. Other |
$350 |
|
HOA Transfer Fees Title - Owner's Title Insurance |
$250 $100 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$36,873 |
|
C. Services You Can Shop For |
$21,647 |
|
Survey Fee |
$2,000 |
|
|
Title - Lender's Title Insurance |
$19,231 |
|
Title - Settlement/Escrow Fee |
$350 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$97,983 |
|
D + I |
$97,983 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$97,983 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$750,000 |
|
Deposit |
-$37,500 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
$0.00 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$810,483 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$61,110 |
|
It was great to have Clear Lending support to achieve my objectives. My Family and I contacted Clear Lending from Indonesia for primary home mortgage. All the process was completed remotely by email and Whatsapp. Upon getting the credit approval, we chose our new home and closed the purchase successfully and timely. My Family and I are very lucky to count on you and we wish to thank you for a fantastic services and for your guidance and advise.
Joan and his team provided me with a flawless and stress-free service, as a first time home buyer. From the first interaction, until closing and thereafter, it has been an absolute pleasure to partner with Clear Lending. Their knowledge and transparency is incredible, and this industry needs more Joan's (and his team) in this world!
Joan is the best! He was very professional, helpful, informative, stood by our side through the whole process & was there for us 100% day & night. He worked with my credit, stayed on top of paperwork we needed to turn in, and showed us as many houses as we wanted to see.
