@Anonymous wrote:
Purchase price $111,111
Loan Amount $117,000
Deposit to realty company $1000 Paid Already
Home Insurance 1 year $752 Paid Already
Home Inspection $545 Paid Already
Credit Report Fee $32 Paid Already
Appraisal $425
Tax Service $96
Title Service and Lenders Title Insurance $1678.75
Initial Deposit for Escrow $1495.04
Government Recording Fee $136
Transfer Tax $1,111
Additional Disbursement? $539
We close tomorrow and I am not sure if this math is right. According to the GFE just given to us...
Total Paid by/for Borrower $118,000
Gross Amount Due from Borrower $117,817.48
Less Amount paid by Borrower $118,000
Cash to Borrower $182.52
Does this make sense? Are these numbers right? Please I am so confused!!! Thank you for any help.
A GFE can change but it shouldn't be significant. Example would be Appraisal $425 but the actually fee charged was $450.
According to the numbers you have mentioned there is a discrepency of $1408.21
Lets double check the numbers
Purchase Price 111,111
Deposit 1000
Balance 110111
Home Ins Paid
Home Inspection Paid
Credit Report Paid
Balance 0 Nothing owed for closing
Appraisal 425
Tax service 96
Title service 1678.75
Escrow deposit 1495.04
Government recording fee 136
Transfer Tax 1111
Additional Disbursement 539 could be numerous things, rapid rescore, additional credit pulls, attorney fees, etc etc
Balance 5480.79
Balance of 110111 plus
Balance of 0 plus
Balance of 5480.79
Totals 115591.79
Loan amount of 117000 minus
Total of 115591.79
Leaves you with a credit of $1408.21
IMO I would call them and ask them to spend the time explaining to you why the difference or even better go to his or her office and have them show you in person. Your closing is tomorrow do not accept anything that you are unsure of before you go to closing or even while at closing.
