GFE Help

[shevar]

My mid score is 687. I recieved a gfe today. My payment still seems a little high. I am using a grant which is shown below in red and my funds I am bringing to get grant is pmi funding fee shown in red .

 

Purchase Price $172

Est Prepaid $1718.40

Est Closing Cost $4386.89

PMI funding fee $3061.22

Grant $30,499.00

Loan Amount $147,655.00 at 5% which I'm sure should be lower

 

P&I $792.64 seems high

Mortgage Insurance $70.32

[saladdin69]

Putting $147,655.00 at 5% for 30 years into calculator gets payments of exactly 792.64.

Don't know why you think that looks "high".

 

saladdin

[DallasLoanGuy]

147655 @ 5% = 792.64

 

what do you think is too high? loan amount or rate?

are you paying origination fee?

 

can you list the fees in the 800s section only.... not just the total closing costs?

[shevar]

147655 @ 5% = 792.64

 

what do you think is too high? loan amount or rate?

are you paying origination fee?

 

can you list the fees in the 800s section only.... not just the total closing costs?

 

I put the loan amount in the payment calculator and came up with an amoount about $60 less. I am happy with it overall.

 

801 =1,445.94

803 =450

804=17

810=250

811=395

812=150, 17, 250, 160