GFE for COUNTRYWIDE HL


Borrower Worksheet of Loan Program and Estimated Closing Costs

This worksheet is an initial estimate of the fees you will incur to close this mortgage loan. You will be provided with a Good Faith Estimate of Closing Costs and a Truth in Lending disclosure which will provide additional information.                                                                    This is not an approval of your loan, nor a commitment to make a loan. 

 

 

 

 

 

 

 

 

 

Please call:

Debbie Mason

at:

916-784-2525

with any questions.

Date:

 

01/19/07

 

 

 

 

 

 

Applicant:

John Doe

 

 

 

Property Address:

To Be Determined

 

 

 

 

 

 

 

 

 

 

 

CLTV = 100%

 

 

Loan Program:

5/1 Arm Interest Only

 

LENDER AND THIRD PARTY COSTS

 

MORTGAGE DETAILS

Origination Fee

0.000

$0.00

 

Sales Price

 

$330,000.00

Discount Points

1.750%

$4,620.00

 

1st Mortgage Loan Amount

$264,000.00

Appraisal

DUE

$435.00

 

Estimated Note Rate

 

6.000%

Credit Report

DUE

$35.00

 

Loan To Value (LTV)

 

80%

Tax Service

 

$80.00

 

Product/Term

 

360

Flood Certificate

 

$26.00

 

2nd Mortgage Loan Amount

$66,000.00

MIP/VA Funding Fee

 

 

 

Estimated Note Rate

9.875%

Document Preparation

 

$320.00

 

Combined Loan to Value (CLTV)

100%

Processing

 

$495.00

 

Product/Term

15 yr. fixed

Fixed IO

Dicount Points 2nd

1.875%

$1,237.50

 

 

 

 

 

 

 

 

 

 

PREPAID INTEREST / IMPOUND ACCOUNT

 

 

 

$7,248.50

 

Interest

10

Days

$433.97

 

 

 

 

 

1st Year Homeowner's Insurance

$900.00

TITLE COMPANY FEES**

 

3 Mos. Insurance Reserves

$225.00

Escrow

 

 

$650.00

 

Mello Roos

0

Months

$0.00

Lender Policy

 

$257.00

 

R.E. Taxes

0

Months

$0.00

Title Policy

 

$1,250.00

 

 

 

 

$1,558.97

Recording

 

$105.00

 

 

 

 

 

Wire Fee and Messenger Fee

$150.00

 

TOTALS

Transfer Tax

 

$363.00

 

Prepaids / Impound Account

$1,558.97

Notary

 

 

$150.00

 

Total Closing Costs

 

$10,173.50

 

 

 

$2,925.00

 

Less Credit

 

 

$0.00

 

 

 

 

 

Less Earnest Deposits  @ 3%

-$6,500.00

 

 

 

 

 

Seller Credit

 

$0.00

** Paid by buyer per sales contract and to the title company

 

Estimated Cash Required for Closing

$5,232.47

 

 

 

 

 

 

 

 

 

 

 

Estimated Payment Details

 

 

 

 

1st Mortgage Payment: Interest Only

$1,320.00

 

 

 

 

2nd Mortgage Payment : Interest only

$543.13

 

 

 

 

Monthly Taxes @ 1.000%

 

$275.00

 

 

 

 

Monthly Insurance

 

 

$75.00

 

 

 

 

Monthly Mello Roos

 

 

 

 

 

 

 

Monthly Total

 

 

$2,213.13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLEASE BRING THE FOLLOWING DOCUMENTS TO

 

 

 

income

 $      4,583.00

PROCESS YOUR LOAN IF THEY ARE HIGHLITED:

 

 

 

debts

 $        124.00

 

 

 

 

 

 

 

housing

$2,213.13

 Full Month Paystub(s)

 Gift Letter

 

Self Employed

 

 

 

 

 Two Year's W-2's

 Investmenty Account Statement

 Two Year's 1040's

 

 

 

 Bank Statement - 2 months

 Explanation for Credit

 Current Profit and Loss

 

ratios

48.29%

 Divorce Decree

 Inquiries/Derogatories

 

 

 

 

51.00%

 Landlord's Name & Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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