SALES PRICE: | $295,000 |
LOAN TERM: | 30 years |
PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$289,656 |
NO |
Interest Rate |
4.99% |
NO |
Monthly Principal & Interest |
$1,553.17 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$1,553.17 |
$ |
|||||||||||
Mortgage Insurance |
+ 202.00 |
+ |
|||||||||||
Estimate Escrow |
+ 520.00 |
+ |
|||||||||||
Estimated Total |
$2,275.17 |
$ |
|||||||||||
Estimated Taxes, Insurance |
|
Costs at Closing |
||
Estimated Closing Costs |
$15,855 |
Includes $13,303 in Loan Costs + $3,807 in Other Costs – $0.00 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$8,158 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$4,385 |
|
1.960 % Loan Origination (Points) |
$4,209 |
|
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 |
$1,872 |
|
Homeowner’s Insurance Premium ( 12 months) |
$1832 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($40.15 / day for 1 days @ 4.99 %) |
$40.15 |
|
PropertyTaxes ( months) |
B. Services You Cannot Shop For |
$6,276 |
|
Appraisal Fee |
$670 |
|
Credit Report Fee |
$50 |
|
Contract Processing Fee |
$500 |
|
Flood Certification |
$6 |
|
Tax Service Fee |
$69 |
|
Up-Front Mortgage Insurance Premium |
$4,981 |
|
G. Initial Escrow Payment at Closing |
$1,560 |
|
Homeowner’s Insurance $152.67 per month for 3 mo. |
$458 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $367.26 per month for 3 mo. |
$1,102 |
|
H. Other |
$250 |
|
HOA Transfer Fees |
$250 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$3,807 |
C. Services You Can Shop For |
$2,642 |
|
Survey Fee |
$450 |
|
Title - Lender's Title Insurance |
$1676 |
|
Title - Settlement/Escrow Fee |
$450 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$15,854 |
|
D + I |
$18,854 |
|
Lender Credits |
Calculating Cash to Close |
||
Total Closing Costs (J) |
$15,854 |
|
Closing Costs Financed (Paid from your Loan Amount) |
-$4,981 |
|
Down Payment/Funds from Borrower |
$10,325 |
|
Deposit (1% of Purchase Contract) |
-$2,950 |
|
Funds for Borrower |
$0.00 |
|
Seller Credits |
-$10,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$8,158 |
D. TOTAL LOAN COSTS (A + B + C) |
$13,303 |
FROM GOOGLE: Muchísimas Gracias ! No existen palabras para expresar tanto agradecimiento. Solo destacar el profesionalismo y dedicación de vuestra empresa y sobretodo a Joan quien nos acompañó en todo momento en este largo proceso. Gracias Joan por hacer realidad este gran sueño “nuestra casa” , y por ayudarnos a forjar los maravillosos momentos que formarán nuestra historia. Esperamos seguir siempre en contacto y sobretodo con nuestro eterno agradecimiento. Guillermo Proestakis y Familia.
My first home...they are very helpful and kept in contact with me with any situation that can disrupt the loan. Fully knowledgeable with VA home loan.
After being denied by my credit union for a VA loan I search for someone local in the Houston area. I'm glad I found Joan, Jaqui and the whole team. They good people will take care of you never rush you in the process always guide you trough the whole process from getting a mortgage searching for a house to closing on the house. After four months of searching I'm a first time home buyer and the whole process was smooth even though I was outside of Houston, thanks to Joan and the team.