Purchase Price Funded

80,000

80,000

Payment is Calculated on Loan Amount;

Loan Amount = Purchase Price + Repair Escrow + Points Rolled In + Closing Costs Rolled In (if room in the loan)

Repair Escrow Funded

17,500

17,500

Points Rolled In

3 = 2,925

4 = 3,900

Closing Costs Rolled In

-0-

2,000

Total Loan Amount LTV

100,425

66.9%

103,400

68.9%

April 1

1255.31

April 1

1292.50

Presumes Closing Anytime During February

Points paid at closing

1,950

1,990

All borrowers bring
2 points to closing

Hazard/Builder’s Risk Insurance

600

600

.005 X Replacement Value
(6 mo. prepaid at closing)

Prepaid Interest

NO PREPAID INTEREST!

NO PREPAID INTEREST!

Interest for the remainder of Februaryis collected at payoff!

Lender’s Fees

1. Initial Inspection

2. Draw Inspections

3. Processing Fee

4. Wire Transfer Fee

175

*Not paid in advance

250

25

175

*Not paid in advance

250

25

($100 per as drawn, includes wire fee*)

Survey
(Not always needed)

-0-

-0-

$250-$500 if required

Title/Attorney Fees

1. Lender’s Title Policy

2. Owner’s Title Policy

3. Title Search

4. Attorney’s Fee

5. Post Closing

6. Courier/Rush Recording

300

240

125

450

110

75

300

240

125

450

110

75

.003 X Loan Amount
.003 X Purchase Price

These costs are set by the closing attorney.

TOTAL ABOVE ITEMS

4,209

4,249

Down Payment

-0-

-0-

This is the difference between purchase price and the amount funded for purchase at closing

Closing Costs Funded

-0-

-2,000

Less Earnest Money

-1,000

-1,000

Or Seller contribution

3,209

1,249

CRITERIA:

1. Days on Market Avg

2. Cash In Bank

3. Beacon Score

1. Under 150

2. Over $4875

3. 720

1. Under 60

2. Over $4975

3. 720+

How Determined

Per the appraisal

Bank Statements

Tri-Merge Credit Pull