1.How much is being paid for the warranty deed at this closing?
2.If Buyer choses to purchase title insurance, what is the total amount of title insurance policy premiums that Buyer will pay at this closing?
3.How much money was collected from the seller and credited to buyer to cover seller's real property tax prorations?
4.How much earnest money was paid by the Buyer?
5.By how much did the Total Loan Closing Costs change from the Loan Estimate to the final (make sure to indicate if it increased or decreased)?
6.What is the net amount that seller will collect from selling this property?
7.Did the Seller give the Buyers a credit?If so, how much?
8.How much is the lender's origination fees?
9.By how much did the Cash to Close for Buyer change from the Loan Estimate to the Closing Disclosure? (make sure to indicate if it increased or decreased)
10.How much in interest will Buyer pay over the life of the loan, assuming they take the full 30 years to pay off the loan and they do not make any additional payments?
11.Who appraised the property?
12.Can this loan be assumed?
13.Does the loan have a prepayment penalty?If so, how much?
14.Did the borrowers buy points in order to decrease the loan amount? If so, how much did they pay?
15. If the Buyer pays the loan 18 days after it is due, how is the late fee calculated?
1 of 5 of 5 ng Cost Details Closing Disclosure his form is a statement of final loan terms and closing costs. Compare this calculating Cash to Close ure single le to sanayathe sides add from your Loan Estimate. $1.80 5 bore Closin Closing Information ransaction Information $30806 Closing Costs Paid Before Closing (paid from your Loan Amount) So 32580 ves a You gold these Closing Coms before closing " Closing Date 4/15/2013 123 Anywhere Street Down Payment Funds from Borrower Settlement Agent Epsilon Title Co. Seller Anytown, ST 12345 0 00 No Steve Cole and Amy Do Anytown , ST 12345 pe yonventional 3. Services Borrower Did Not Shop to John Smith Appraisers Inc. seller Credits Lender Flood Determination Fee to Info Co. Cash to CloseCredit pasos res . See details in Sections Kandy Sale Price 5780,000 ST 1234 Loan ID* 123456739 Loan Terms Summaries of Transactions Use this table to see a summary of your transaction K. Due from Borrower at Closing $162,000 Can this amount increase after closing ? NO 5189.762.30 Sales Price of Amy Personal Property Included in Sale 5968230 sale Price of Property on a Property included in Sale Interest Rate 3.875% Monthly Principal & Interest $761.78 NO Thele - insurance Binder D. TOTAL LOAN COSTS (Borrower-Paid) djustments for items Paid by Seller in Advance os citynowin Items Paid by Seller in Advance Prepayment Penalty Does the loan have these features ? Assessments 4/15/13 to 4/3or13 YES . As high as $3,240 if you pay off the loan during the Deed: $40.00 Mortgage: 545.00 Sas 685,00 NO owner's Insurance Premium ( 12 mo.) to Insurance Co. Prepaid interest (517 46 off day from 4/15/13 to 5/1/13) N. Due from Seller at Closing Projected Payments Home Scenery Insurance $1cos's per month for 2 m 920 2412.25 toun Amount(s) Assumed or Taken Subject to Closing Costs Paid at Closing the Subject to Payment Calculation ears 1-7 Years 8-30 Mortgage Insurance 5105 30 per month for me other credits" 36 Rebate from Epsilon Title Co $2500.00 Payoff of second Mortgage Loan $100,00.80 Principal & Interest $761.78 $750.00 $761.78 adjustments Seller Credin $2.500 09 Othertwo Estimated Escrow Home Inspection Fee Adjustments for Items Unpaja by Solar $365.04 Adjustments for toms Unpaid by Solar $365.04 Monthly Payment $1,050.26 $967.91 County Tones TOTAL OTHER COSTS (Borrower-Paid) & Assessmentes, Insurance This estimate include mount can increase over time Spe none 4 for details $356.1 Homeowner's Insurat aTOTAL CLOSING COSTS (Borrower Paid 5189,762.30 Total Due to Seller at Clo omeowner's Association YES LOSING DISCLOSURE PAGE 2 OF 5 . LOAN ID # 123456789 Cash to Close X from ( To Borrower $14,147.26 Cash ( From * To Seller PAGE 3 OF 5 . LOAN ID # 123456789 Additional Information About This Loan if you sell or transfer this property to another person. assume chi Escrow Accountan I will allow, under certain conditions, this p will not allow assumption of this loan on the original terms. wil have an escrow account (also called an impound or"trust" account , you would pay them directly, possibly in one or two large $285,803.36 give you a copy at no additional cost at least ) days before closing. or failing to make a payment. Inance Charge. The dollar Camping your uprich the binge amount available after $162060 00 :what happens if you fail to make your payments, about repayment of the loan. You should review your note for details. 73.56 Estimated total amount over year 1 for loan term expressed as a rate. This is not your loan, andpayment of th . the rules for making payments before they are due Property Taxesnsurance ofinterest that you wil pay over the low term as a your lender forecloses on this property and the foreclosure late fee of 5% of the monthly principal and yourgender 69.469 cover the amount of unpaid balance on this loan, state law may protect you from liability for the unpaid b Negative Amortization (Increase in Loan Amount) Byepetty Costs $1,800.00 Estimated total amount your non escrowed property costs are scheduled to make monthly payments that do not pay all of You may have other property costs. loan terms of costs on the form use the contact increase ( negatively amortize ) , and your loan amount will likely Ficial Escrow 5412.25 pay at closing See Section Gon page 2. loan amount lower the equity you have in this professes in y I may have monthly payments that do not pay all of the interest 213 monthly payment from your federal income taxes You should consult . no adviser job become larger than your original loan amount. Increases in your do not have a negative amortization feature. lender does not offer sts, such as taxes and home must directly pay your property lender to ask if your loan can have an escrow deccontact your Broker Real Estate Alone cal Estate ( partial payments) and apply them to your loan . in one of two large s directly , possibly Payment , and then apply the full payment to your loan Samuel Green Joseph Cain pot any pea lender may have a different policy. ment may change. You may be able to cancel your escrow account, 156 Somewhere Ave, Anytown, ST 1234 butis your property taxes. your state or local government may in) Phone 123 456 7680 impose fines and penalties or $2) place a tax lien on this property. If ou may lose this property ifyou do not make loan , or ( 3 ) require you to pay for property insurance that the lender us forin you an have signed of received benefits than what you could buy on your own. Applicant Signature Closing Cost Details Loan Costs Additional Information About This Loan Other Costs Loan Estimate 5 of Amount ( Point $1,803 Recording Fees and Other Taxes LENDER LICENSE ID Ficus Bank Underwriting fee $300 585 LOAN OFFICER Joe Smith F. Prepaids WALS! _ LICENSED joesmith@ficusbank.com LOAN OFFICER APPLICANTS Michael Jones and Mary Stone Anytown. ST 12345 UCT Fiveconventional OFHA DVA D. Homeowners Insurance Premium ( 6 months) $867 PHONE SALEPRICE 3180,006 ST 12345 e insurance Premium 3605 Property Taxes ( months) Loan Terms Loan Amount $162,000 is amount increase after closing ? Comparisons Interest Rate 3.875% G. Initial Escrow Payment at Closing $413 In 5 Year $56,582 Total you will have paid in principal, interest, mortgage insur Monthly Principal & Interest $761.78 . Services You Cannot Shop For Mortgage Insurance per month for Estimated Total Monthly Payment roperty Taxes $15,773 Principal you will have paid off . Credit Report Fee $105.30 per month for 2 mo: $211 goes the loan have these features? Flood Determination Fee late (APR) 4.274% Your costs over the loan term expressed as a rate . This is not your interest rate . Prepayment Penalty " fest 2 year ; $ 3: 240 if you pay off the loan during the Flood Monitoring Fee fax Monitoring Fee tal Interest Percentage (TIP) 69.45% The total amount of interest that you will pay over the loan term as a 1,017 Projected Payments Title - Owner's Title Policy (optional) Payment Calculation Other Considerations Years 8-30 Appraisal Principal & Interest $761.78 $761.78 . TOTAL OTHER COSTS ( E + F + G+ H) $2,382 we may order an appraisal to determine the property's value and c ou can pay for an additional appraisal for your own use at ye your loan does not close . C. Services You Can Shop For $1,050 If you sell or transfer this property to another person , we Survey Feonce Binde J. TOTAL CLOSING COSTS $8,054 ender Credits 58,054 ban on the original terms . Title - Lender's Title Policy Assessments ove over time amont Title - Title Search Calculating Cash to Close company'of your homeowner's insurance on the p e that we find acceptable property, which you may obtain from a Closing Costs Financed (Paid from your Loan Amount) Down Payment /Funds from Borrower $8,054 Late Payment If your payment is more than 15 days late , we will charge a late fee of 5% of the monthly $8,054 In Refinance interdoes Sem 's Longest $7.382 in Other Costs - 50 market conditions . You may not be able to refinance this loan . D. TOTAL LOAN COSTS (A + B + () Adjustments and Other Credits $5,672 Estimated Cash to Close $16.054 * to transfer servicing of your loan
