GFE Review, please

[Genna]

Loan type: USDA Guaranteed

Purchase Price: $130,000

Loan amount: $132,653 (2% guarantee fee)

Mid score: 658

Rate: 3.625

Apr: 4.088

Estimated payment: 957.85

 

Processing fee: 450

Underwriting fee: 450

Appraisal: 425

Credit Report: 50

Flood cert: 12.50

Appraiser final inspection fee: 150

Rural guarantee fee: 2,653.06

Lender's title policy: 25

Settlement/closing fee: 550

Endorsements: 225

Owner's Title Insurance: 725

Survey: 325

Pest Inspection: 50

Recording charges deed:50

Recording charges mortgage: 200

City/county tax: 265.40

State tax deed: 910

State tax mortgage: 464.45

 

Prepaids

Interest: 200.40 (15 days @ 13.36/day)

Hazard: 1440

Hazard Reserves Prorated 480

County taxes: 2400

Propated Taxes Credit:-1139.17

Mortgage Insurance: 65.76

Agg Adjustment: -964.40

 

Cash from borrower: 5162.50

Edited June 19, 2012 by Genna

[Genna]

Bump

[Brian B The Loan Professor]

It looks fine - that is a great rate for a 100% program with a small monthly add on (not MI but like it)

lock it close it and never refi -

 

Good Luck

B

[Genna]

It looks fine - that is a great rate for a 100% program with a small monthly add on (not MI but like it)

lock it close it and never refi -

 

Good Luck

B

 

Thank you!!!

[ugghh]

lock it close it and never refi -

 

 

Wow! Never seen that from Brian! Get on it!!!!