There are 2 GFE's enclosed with the documents for me to sign can anyone explain? Same lender Scores 608, 611, 618 Going FHA Purchase Price $145,500 $500 in earnest 6.75% for 360 months GFE # 1 800 801 Loan fee @ 1% $1406.50 802 Loan Discount @ 1% $1427.59 804 Credit report 810 Processing fee 811 Underwriting $495 812 Wire transfer $50. 814 Commitment Fee $495 815 Flood cert $18 900 901 prepaid interest 15 days $396.01 902 PMI $2109.75 1000 1001 Haz Ins Impounds 2 months $150 1002 Mortgage Ins Impounds 1004 Property Tax impounds 6 months $ 1014.00 1100 1101 Settlement fee $900 1102 Title search $250 1108 Title Insurance $803 1200 1201 Recording Fee $150 1203 State Tax Stamp $1142.07 1204 Adjustment -30.00 Total estimate $9370.42 $1406.5 paid by seller GFE # 2 Says all the same things but says cash from borrower $11,611.42 questions 1) why the difference 2) the Haz insurance policy I am buying is $498 a yr will this be adjusted? 3) I have not locked in the rate yet should I (plan on closing on 6/30 appraisal being down tomorrow) 4) are there any cost I can negotiate?
