How do these numbers look?

[onrails]

Middle score : 735

Loan Amount: $ 265,319

Note Rate: 4.375%

APR: 4.835%

Closing costs:

Loan Origination Fee $ 499.00

Appraisal $ 415.00

Credit Report $ 50.00

Flood Certification $ 12.00

Attorney's Fee $ 700.00

Owner's Title Insurance $ 100.00

Title Insurance $ 400.00

Recording Fee - Deed $ 125.00

State Deed Tax/Stamp Fee $ 560.00

Survey $ 125.00

[ShanetheMortgageMan]

FHA?  Conventional?  Sales price?  30-year fixed?

[onrails]

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@ShanetheMortgageMan wrote:

FHA?  Conventional?  Sales price?  30-year fixed?

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Sorry,

Conventional 30-year-fixed.

Sales price is $279,284 with 5% down.  (LTV = 95%)

This is in North Carolina if that matters.

[ShanetheMortgageMan]

Looks like a very good deal.

[onrails]

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@ShanetheMortgageMan wrote:

Looks like a very good deal.

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Can you elaborate? Is it the interest rate?  The orig fee? 

[ShanetheMortgageMan]

Overall it looks like a good deal.  Deal = combination of interest rate & lender fees.

The 3rd party fees (listed below) are all going to be depending on who you use for those services, the lender can only control what the rate & their fees are

Third Party Fees

Attorney's Fee $ 700.00

Owner's Title Insurance $ 100.00

Title Insurance $ 400.00

Recording Fee - Deed $ 125.00

State Deed Tax/Stamp Fee $ 560.00

Survey $ 125.00

Fees lender can control

Loan Origination Fee $ 499.00

Appraisal $ 415.00 (to an extent)

Credit Report $ 50.00

Flood Certification $ 12.00

[onrails]

Got it, thanks Shane.

[fungoman]

Do you have Mortgage insurance?

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[onrails]

Yes, monthly because we are at 95% LTV.  No upfront MIP.

Proposed payment looks like this:

P&I                $1324.70

Hazzard Ins   $70

Taxes            $193.00

Mortgage Ins $143.71

TOTAL $1731.41