| PRICE OF HOME LOAN TYPE LOAN TERM AMORTIZATION DOWN PAYMENT (5%) LOAN AMOUNT INTEREST RATE REAL ESTATE TAXES EARNEST MONEY DEPOSIT |
$350,000 Conventional 5 years 30 years 17,500 332,500 5.75% 1,700 3,000 |
| LOAN RELATED FEES | |
| Appraisal Fee Credit Report Fee Misc. Lender Fees Tax Service Fee Flood determination |
$350 60 500 75 11 |
| PREPAIDS OR ESCROW ITEMS | |
| Prepaid Interest (Per Diem) Hazard Insurance (1 year) Hazard Insurance Escrow Prepaid RE Taxes (4 months) PMI not included, available in mortgage |
$970 (15 days) 450 75 566 |
| TITLE CHARGES Settlement Fee (legal) Title Insurance (includes lender and owner) |
650 ($5.30 per $1,000 approx.) 1855 |
| GOVERNMENT RECORDING AND TRANSFER FEES | |
| Recording Fees City/County/State Tax Stamps |
100 approx 1855 |
| ADDITIONAL SETTLEMENT FEES | |
| Survey Pest Inspection |
275 50 |
| TOTAL CLOSING COSTS | $ 8,987 |
| DOWN PAYMENT (10%) | $17,500 |
| TOTAL MONEY NEED TO BUY | $26,487 |
| LESS EARNEST MONEY DEPOSIT OF | 3,000 |
| CASH NEEDED AT SETTLEMENT | $23,487 |
| Cash from the buyer at settlement is by Bank Check, Wired Funds or other certified funds. Personal checks will not be accepted by the tile company because they cannot record a deed unless they have the funds on deposit. | |
| ESTIMATED MONTHLY PAYMENT | |
| Principal & Interest 1 Month RE Taxes 1 Month Hazard Insurance ($804 annum) |
$1,838 @ 5.75% 141 38 |
| MONTHLY PAYMENTS | $2,017 |
| All financial information is estimated and may vary from buyer to buyer based on PMI, Internet rates, Insurance, lender fees and other actual costs. | |
Take the train. Good prices and lovely new homes.
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