I've listed below the Good Faith that I received today; can someone help me make a decision as to the fairness of the fees? Processing Fee & Underwriting Fee plus loan origination? Rate is 5.375/30yr. What other information would one need to review? Scores are 622,672,710 & 625,675,699 - Located in Harris County Texas
801 Loan Origination Fee @ % + $ $1,098.11
802 Loan Discount Fee @ % + $
803 Appraisal Fee $ $350.00
804Credit Report $ $25.00
805 Lender’s Inspection Fee $
806 MI Application Fee $
807 Assumption Fee $
808 Mortgage Broker Fee @ % + $
809 Tax Servicing Fee $ $89.00
810 Processing Fee $ $300.00
811 Underwriting Fee $ $400.00
812 Wire Transfer Fee $
814A Flood Cert $18.00
815A Funding Fee $188.00
Lender Required Pre-Pay:
901A P&I - 15 Days $485.12
902A
Hazard Insurance Prem $1500.00
904County Property Tax
905VA Funding Fee $4622.50
Estimated Monthly Payment
P&I $1229.82
Hazard Insurance $125.00
RE Taxes 325.000
$1679.82
Total Borrow Paid Closing Costs: $9170.73
Total Seller Paid CC $5,000.00
Total Non-Borrow Paid CC $5000.00
Total CC $14170.73
Title Charges
Settlement/Closing Fee $500.
Title Search
Title Examination
Doc Prep Fee $250
Title Insurance $175.00
Title Co Courier Fee $60.00
Gv’t Transfer/Recordign Fees
Recording $90.00
Tax Certs $45.00
Additional Settlement Charges
Survey $350.00
Lender Reserves
Hazard Ins 3 Months @ 125 $375.00
Property Tax 10 Months @ 325 $3200.
Total Estimated Reserve/PrePaids $10,232.62
Estimated Funds to Close
Purchase Price $215000
Total Estm’d CC $3938.11
Total Estm’d Reserves $5610.12
VA Funding Fee $4622.50
Total Costs $229,170.73
Loan Amount $215,000
Non-Borrower Paid CC $5000
VA FUndign Fee Financed $4622.00
Earnest Money $500.00
Total Credits $225,122.00
Cash From Borrower $ 4048.73
