Current list of Options: Borrower Info

 

 

 

 

 

 

 

 

 

ESTIMATED COST WORKSHEET - RESIDENTIAL

 

 

 

 

 

 

 

 

 

 

 

GFE for

Washington Mutual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATE OF SETTLEMENT COSTS

 

 

 

 

 

 

 

 

 

CUSTOMER NAME

 

 

 

 

DATE

 

 

 

 

John Doe

 

 

 

 

 

01/19/07

 

 

PURPOSE

 

OCCUPANCY

 

 

INTEREST RATE (e)

APR (e)

TERM (MONTHS)

 

 

Purchase

Owner-Occupied

 

6.000%

6.180%

360

 

TYPE OF LOAN

 

 

 

 

AUTO PAY*

 

 

 

5/1 CMT No Neg Interest Only

80-10-10

 

 

 

Yes

 

 

 e   =

Estimate based on current pricing for the type of loan referenced above.  Your actual interest rate and APR may vary, and will be established based on the terms of your

 

 

specific transaction.  If the type of loan is an adjustable rate mortgage, the figures represent the rate for the initial adjustment period.

 

The information provided below is an estimate of the charges you would be likely to incur at settlement of a Washington Mutual loan.  The information is computed based on:

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated Value:

 

 

$350,000.00

 

 

 

 

 

 

Proposed Loan Amount of:  

 

 

$280,000.00

 

 

 

 

 

The numbers listed to the left of each estimated cost generally correspond to the numbered lines contained in the HUD-1 or HUD-1A Settlement Statement you would

 

 

 receive at settlement.  The HUD-1 or HUD-1A Settlement Statement would show you the actual costs paid at settlement of a loan.

 

 

 

 

 

 

 

 

 

 

 

 

CLOSING COSTS

 

 

PREPAID ESCROW CHARGES

 

 

801

Loan Origination Fee

 $                   -  

 

901 **

Interest (1 day = $

$46.03

) 15 days

 $                690.45

 

802

Loan Discount or Buydown Paid

 $                   -  

 

903

Hazard Ins. 1st Year Premium

 

 

 $                        -  

 

803

Appraisal Fee

 $            380.00

 

RESERVES DEPOSITED WITH LENDER

 

 

 

 

 

804

Credit Report

 $                   -  

 

  Reserves to Be Collected

 

 

 

 

805

Inspection Fee

 $                   -  

 

1001

Hazard Insurance for

0

  mos

 

 

806

Bold Report Fee

 $                   -  

 

     @

$0.00

per month.

 $                        -  

 

807

State Mortgage Tax Fee

 $                   -  

 

1004 ***

Real Estate Taxes for

0

  mos

 

 

809

Payment Processing Fee

 $                   -  

 

     @

$0.00

per month.

 $                        -  

 

810

Funding & Review Fee

 $            480.00

 

1006

Flood insurance for

0

  mos

 

 

811

Tax Procurement/Tracking

 $              81.00

 

     @

$0.00

per month.

 $                        -  

 

814

Appraisal Review Fees

 $                   -  

 

Total Prepaid Escrow Charge

 

 

 $                690.45

 

823

Courier/Fed Ex/Wire Fees

 $                   -  

 

PLUS:   Total Estimated Closing Costs

 

 $             2,109.00

 

825

Tax Research/Payment Services

 $                   -  

 

TOTAL ESTIMATED SETTLEMENT COSTS

 

 

 

 $             2,799.45

 

1101

Settlement or Closing Fee

 $                   -  

 

 

 

 

 

 

 

1105

Outside/Legal Document Preparation

 $                   -  

 

 

 

 

 

 

 

1108

Title Insurance (Lender's Coverage)

 $         1,000.00

 

 

 

 

 

 

 

1109

Title Update Fee

 $                   -  

 

 

 

 

 

 

 

1201

Recording Fees

 $              80.00

 

 

 

 

 

 

 

1202

Release/Reconveyance Fee(s)

 $                   -  

 

 

 

 

 

 

 

1203

Mortgage Registration Tax/Stamps

 $                   -  

 

 

 

 

 

 

 

1301

Survey Fees

 $                   -   

 

 

 

 

 

 

 

1303

Flood Hazard Determination

 $              13.00

 

 

 

 

 

 

 

 

 NOTARY

 $              75.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Estimated Closing Costs

 $         2,109.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED MONTHLY LOAN & RESERVE PAYMENT

 

ESTIMATED FUNDS TO CLOSE/PROCEEDS

 

Interest Only Payment

$1,400.00

 

  Purchase Price

 

$

350,000.00

 

Real Estate Taxes

 

 

  Plus:  Total Estimated Settlement Costs

$

2,799.45

 

Hazard Insurance

 

 

  TOTAL

 

$

352,799.45

 

Monthly Mortgage Insurance

 

 

  Less:  Loan Amount

 

$

280,000.00

 

Flood Insurance

 

 

  Less:  Application Deposit

 

$

 

 

 

 

 

  Less:  Other Financing

 

$

 

 

 

 

 

 

 

 

 

$

 

 

Total Estimated Monthly Payment

$1,400.00

 

  Cash Required to Close

 

$

72,799.45