Date
Purchaser始s Estimated Closing Costs
Prepared for Property Sale Price $
Loan Price $
Earnest Money Deposit $
Estimated Closing Costs Credit Report $55 $ Recording Warranty Deed Ave $21 $ Appraisal Fee $300 $ Survey if Required $300 $ Loan Origination Fees $ 1% of loan amount to Lender for drawing loan papers, making funds available.
Discount Points $ 1% of loan amount per discount point Lender making lower interest rate loan than current rates.
Owner Title Insurance Policy $50 $ Private Mortgage Insurance (for loans above 80% LTV check lenders) $ FHA Mortgage Insurance $ Legal Fees $ preparation of deed, d/t and opinion (when abstract is used)
Taxes (two months escrow) $ Insurance $ 14 months homeowners policy, 12 months of which will be paid before closing to the insurance company of your choice. Please bring binder and paid receipt to the closing.
Interest to First of Mortgage Payment $ Multiply loan amount by interest rate, divide by 365 to get interest per day. Multiply interest per day by number of days from closing day to day of payment.
Termite Inspection $65 $ Other $ TOTAL CLOSING COSTS $ BALANCE OF DOWN PAYMENT $
TOTAL AMOUNT DUE AT CLOSING $
Loan Terms Interest Rate ARM
Loan Terms CAPS
and
Fixed Rate Margin
Tbill
Year COF
Principal and Interest $ Monthly Taxes (Annual Taxes___________) $ Monthly Insurance (Annual Premium___________) $ (Includes content replacement)
Mortgage Insurance $
TOTAL ESTIMATED MONTHLY PAYMENT $