Note: We estimate total closing cost will be $ 2850 that includes appraisal report fee, credit report fee, lender administration/underwriting fee, escrow fee, title insurance, notary fee, courier fee etc. This cost is already added in closing cost/credit in the above table. If closing cost/credit amount is a (-) Negative number; that means, you will not pay any closing cost and you will get an extra credit from the lender. The extra credit can/will be applied towards pre-paid items such as Current month interest, property tax & insurance (if due) and reserve for escrow/impound account. If closing cost is a positive number, which means you have to pay this amount as closing cost.
Note: The monthly P&I payment does not include the amount for property tax and insurance. With escrow/Impound account actual payment obligation may be greater to include prorated amounts for property tax and insurance.
Note: A 30-day lock assumption was used. Interest rate is not final until we lock it. Rates are subject to change without notice.
Note: Interest rates shown above are from, one of the best lenders, that we work with. Depending on individual situation, we may have to submit your loan to a different lender and interest rate/cost may be higher.