Closing Costs

Thu, Sep 09, 2010 11:16 AM

This rate quote is based on a loan amount of $228,950.00.

30 Year FHA Fixed
Interest Rate Discount Points Payment APR Margin Lifetime Cap
4.500% 0.000 $1,160.06 5.169% N/A N/A
Loan Fees      
Credit Report $ 20.00
Closing or Escrow Fee $ 183.00
Title Insurance $ 349.00
Recording Fees $ 100.00
FHA Mortgage Insurance Premium $ 5,151.38  
Total Loan Fees $ 5,803.38  
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 $28.23 $ 423.40  
Home Owners Insurance $ TBD  
Property Tax $ TBD  
Total Prepaid Items $ 423.40  
Origination and Discount Points      
Origination Fees $ 2,289.50  
Discount Points $ 0.00  
Total Closing Costs $ 8,516.28  
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The above payment reflects principal and interest only.

Rates are subject to change without notice.


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