801 Loan Orignation Fee - 2% =3261..96
803 Apprisial =400.00 (paid out of pocket by buyer)
809 Tax Related Service Fee -=84,00
810 Processing Fee =175.00
812 Application Fee -=69.00
Flood Cert = 14.00
2% Guarantee Fee = 3262.00
Funding Fee = 395.00
Doc Prep Fee=65.00
Broker Processing Fee = 395.00
1101 Closing or Escrow Fee = 40.00
1105 Document Prep Fee= 35.00
1106 Notary Fee=6.00
1108 Title Insurance = 1060.00
Insured Closing Protection Letter = 35.00
1201 Recording Fee = 126.50
Estimated Closing Costs = 9023.46
901 Interest for 15 days at 24.91/day = 373.77
903 Hazard Insurance Premium = 480.00 (I can go pay this to be insurance myself before closing and provide receipt before closing and not pay this at closing.)
1001 Hazard Insurance 3 months escrow = 120.00
1004 Taxes and Assessment Reserves 3 months escrow = 450.00
Estimated Prepaid Items/Reserves = 1423.77
Total Estimated Settlement Charges 10, 447.23
Purchase Price = 159,000
Loan Amount = 163.098
Estimated Settlement Costs = 10,447.27
Sellers Assist = 5,000
Total Est Funds needed to close = 2249.23
Message Edited by teacherhere on 03-10-2009 06:02 PM
