Closing Costs

Thu, Sep 02, 2010 8:31 PM

This rate quote is based on a loan amount of $175,000.00.

20 Year Fixed
Interest Rate Discount Points Payment APR Margin Lifetime Cap
4.875% 0.000 $1,142.87 4.953% N/A N/A
Loan Fees      
Appraisal Fee $ 395.00
Credit Report $ 18.00
Processing Fee $ 550.00
Lenders Fees $ 795.00
Closing or Escrow Fee $ 450.00
Title Search $ 300.00
Recording Fees $ 195.00
Total Loan Fees $ 2,703.00  
Prepaid Items
The following items may be required for you to prepay in escrow. These are not additional fees, they are expenses which are prepaid to cover items such as homeowners insurance, initial interest payment on your new mortgage, and mortgage insurance [if required].
15 Days of Interest at $23.37 $ 350.60  
Home Owners Insurance $ TBD  
Property Tax $ TBD  
Total Prepaid Items $ 350.60  
Origination and Discount Points      
Origination Fees $ 0.00  
Discount Points $ 0.00  
Total Closing Costs $ 3,053.60  
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The above payment reflects principal and interest only.

Fees listed are APR fees only. Other closing fees such as title insurance, recording charges, Etc. will be charged at closing. We will be happy to provide a Good Faith Estimate which will show all applicable closing charges.


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