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Current list of Options: Borrower Info |
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ESTIMATED
COST WORKSHEET - RESIDENTIAL |
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Washington Mutual |
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ESTIMATE OF SETTLEMENT
COSTS |
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CUSTOMER
NAME |
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DATE |
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John
Doe |
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01/19/07 |
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PURPOSE |
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OCCUPANCY |
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INTEREST
RATE (e) |
APR (e) |
TERM
(MONTHS) |
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Purchase |
Owner-Occupied |
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6.000% |
6.180% |
360 |
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TYPE OF
LOAN |
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AUTO PAY* |
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5/1
CMT No Neg Interest Only |
80-10-10 |
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Yes |
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e
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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 |
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specific
transaction. If the type of loan is
an adjustable rate mortgage, the figures represent the rate for the initial
adjustment period. |
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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: |
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Estimated Value: |
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$350,000.00
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Proposed Loan Amount of: |
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$280,000.00
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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 |
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receive at settlement. The HUD-1 or HUD-1A Settlement Statement
would show you the actual costs paid at settlement of a loan. |
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CLOSING COSTS |
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PREPAID ESCROW CHARGES |
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801 |
Loan
Origination Fee |
$ - |
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901 ** |
Interest
(1 day = $ |
$46.03 |
) 15 days |
$ 690.45 |
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802 |
Loan
Discount or Buydown Paid |
$ - |
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903 |
Hazard
Ins. 1st Year Premium |
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$ -
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803 |
Appraisal
Fee |
$ 380.00 |
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RESERVES
DEPOSITED WITH LENDER |
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804 |
Credit
Report |
$ - |
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Reserves to Be Collected |
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805 |
Inspection
Fee |
$ - |
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1001 |
Hazard
Insurance for |
0 |
mos |
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806 |
Bold
Report Fee |
$ - |
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@ |
$0.00 |
per month. |
$ -
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807 |
State
Mortgage Tax Fee |
$ - |
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1004 *** |
Real
Estate Taxes for |
0 |
mos |
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809 |
Payment
Processing Fee |
$
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@ |
$0.00 |
per month. |
$ -
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810 |
Funding
& Review Fee |
$ 480.00 |
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1006 |
Flood
insurance for |
0 |
mos |
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811 |
Tax
Procurement/Tracking |
$ 81.00 |
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@ |
$0.00 |
per month. |
$ -
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814 |
Appraisal
Review Fees |
$ - |
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Total
Prepaid Escrow Charge |
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$ 690.45 |
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823 |
Courier/Fed
Ex/Wire Fees |
$ - |
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PLUS: Total Estimated Closing Costs |
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$ 2,109.00 |
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825 |
Tax
Research/Payment Services |
$ - |
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TOTAL
ESTIMATED SETTLEMENT COSTS |
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$ 2,799.45 |
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1101 |
Settlement
or Closing Fee |
$ - |
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1105 |
Outside/Legal
Document Preparation |
$ - |
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1108 |
Title
Insurance (Lender's Coverage) |
$
1,000.00 |
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1109 |
Title
Update Fee |
$ - |
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1201 |
Recording
Fees |
$ 80.00 |
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1202 |
Release/Reconveyance
Fee(s) |
$ - |
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1203 |
Mortgage
Registration Tax/Stamps |
$ - |
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1301 |
Survey
Fees |
$ - |
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1303 |
Flood
Hazard Determination |
$ 13.00 |
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NOTARY |
$ 75.00 |
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Total
Estimated Closing Costs |
$ 2,109.00 |
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ESTIMATED MONTHLY LOAN &
RESERVE PAYMENT |
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ESTIMATED FUNDS TO CLOSE/PROCEEDS |
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Interest
Only Payment |
$1,400.00 |
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Purchase Price |
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$ |
350,000.00 |
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Real
Estate Taxes |
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Plus:
Total Estimated Settlement Costs |
$ |
2,799.45 |
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Hazard
Insurance |
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TOTAL |
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$ |
352,799.45 |
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Monthly
Mortgage Insurance |
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Less:
Loan Amount |
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$ |
280,000.00 |
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Flood
Insurance |
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Less:
Application Deposit |
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$ |
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Less:
Other Financing |
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$ |
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$ |
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Total
Estimated Monthly Payment |
$1,400.00 |
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Cash Required to Close |
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$ |
72,799.45 |
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