My Good Faith Estimate Outline
Base Loan Amt. $57,000
total Loan Amt. $57,000
Sales price $60,000
Interest RATE 8.7 30 YEARS CONVENTIONAL
loan orgination fee $1140
Appraisal Fee $350
processing fee $650
Underwriting fee $895
settlement or closing fee $300
title insurance fee $850
Suvey $315
Total Estimated Closing Costs $4500
total Estimated Reserve/prepaid Costs $866.62
Principal and interest $ 446.39
hazard insurance $55
Real estate taxes $ 187.00
total monthly payment is 688.39
total borrower paid closing costs 2,366.62
total seller paid Closing costs $3000
total non borrower paid closing costs $3000
total closing costs $5,366.39
cash deposit on sale contract $ 1000 required by hud
95% financing, cash from borrower 4,366.39 to close
please help my to see if this is a bad deal or not oh house is worth about 98,000
Comments(0)