Closing Costs

Mon, Oct 12, 2009 12:27 PM

This rate quote is based on a loan amount of $417,000.00.

1/1 Year ARM
Interest Rate Discount Points Payment APR Margin Lifetime Cap
3.250% 0.000 $1,814.81 6.680% 2.750 10.000
Loan Fees      
Appraisal Fee $ 350.00
Credit Report $ 50.00
Processing Fee $ 400.00
Document Preparation Fee $ 350.00
Total Loan Fees $ 1,150.00  
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 $37.13 $ 556.95  
Home Owners Insurance $ TBD  
Property Tax $ TBD  
Total Prepaid Items $ 556.95  
Origination and Discount Points      
Origination Fees $ 500.00  
Discount Points $ 0.00  
Total Closing Costs $ 2,206.95  
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The above payment reflects principal and interest only.

Fees will vary.


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