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'mouse over' an item in this ê column to see the description. |
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GOOD FAITH ESTIMATE
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Applicants: |
Danny Price |
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Application No: |
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Property Addr: |
100 REMAX Drive, Douglasville, GA |
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Date Prepared: |
09/31/2007 |
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Prepared By: |
High Cost Mortgage Company |
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Loan Program: |
15 Year Fixed |
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1100 Expensive Road , Atlanta, GA 30110 |
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The information provided below reflects estimates of the charges which you are likely to incur at the settlement of your loan. The fees listed are estimates-actual charges
may be more or less. Your transaction may not involve a fee for every item listed. The numbers listed beside the estimates generally correspond to the numbered lines
contained in the HUD-1 settlement statement which you will be receiving at settlement. The HUD-1 settlement statement will show you the actual cost for items paid at settlement. |
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Total Loan Amount $ 225,000 |
Interest Rate |
6.825% |
Term: |
180/180 |
months |
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800 |
ITEMS PAYABLE IN CONNECTION WITH LOAN: |
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PFC S F POC |
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801 |
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1.000% |
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$ |
2,250.00 |
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802 |
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0.250% |
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562.50 |
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803 |
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425.00 |
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804 |
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50.00 |
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805 |
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806 |
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0.250% |
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562.50 |
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807 |
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84.00 |
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808 |
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395.00 |
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809 |
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515.00 |
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810 |
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50.00 |
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811 |
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9.00 |
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812 |
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5.00 |
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813 |
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6.50 |
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Marietta Homes for sale |
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1100 |
TITLE RELATED CHARGES: |
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PFC S F POC |
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1101 |
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$ |
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1102 |
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185.00 |
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1103 |
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75.00 |
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1104 |
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1105 |
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Atlanta Homes for sale |
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1106 |
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475.00 |
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1107 |
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Approx. $2.00 per 1000 of loan amount |
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450.00 |
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1108 |
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225.00 |
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1200 |
COUNTY. RECORDING FEES & TRANSFER CHARGES: |
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PFC S F POC |
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1201 |
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42.00 |
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1202 |
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1203 |
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675.00 |
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1300 |
ADDITIONAL SETTLEMENT CHARGES: |
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PFC S F POC |
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1301 |
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$ |
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Estimated Closing Costs |
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6781.50 |
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900 |
ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE: |
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PFC S F POC |
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901 |
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15 days @ |
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38.2813 |
per day |
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$ |
574.22 |
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902 |
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3375.00 |
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903 |
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750.00 |
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904 |
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Danny Price |
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1000 |
RESERVES DEPOSITED WITH LENDER: |
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PFC S F POC |
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1001 |
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2 |
months @ $ |
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per month |
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$ |
125.00 |
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1002 |
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months @ $ |
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per month |
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1003 |
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months @ $ |
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per month |
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1004 |
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6 |
months @ $ |
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per month |
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1,248.00 |
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1005 |
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months @ $ |
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per month |
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Douglasville Homes for sale |
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months @ $ |
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per month |
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Atlanta Homes for sale |
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Homes for Sale in Georgia |
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Estimated Prepaid Items/Reserves |
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6072.22 |
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TOTAL ESTIMATED SETTLEMENT CHARGES |
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12,853.72 |
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COMPENSATION TO BROKER (Not Paid Out of Loan Proceeds): |
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Good Faith Estimate Explained |
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$ |
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Danny Price |
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TOTAL ESTIMATED FUNDS NEEDED TO CLOSE: |
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TOTAL ESTIMATED MONTHLY PAYMENT: |
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Purchase Price/Payoff |
250,000.00 |
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Principal & Interest |
2,000.41 |
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Loan Amount (-) |
225,000.00 |
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Other Financing (P&I) |
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Est. Closing Costs (+) |
6,781.50 |
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Hazard Insurance |
62.50 |
estimate |
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Est. Prepaid Items/Reserves (+) |
6,072.00 |
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Real Estate Taxest |
208.00 |
estimate |
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Amount Paid by Sellert (-) |
3,000.00 |
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Mortgage Insurance |
146.25 |
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Earnest Money Deposit (-) |
1,000.00 |
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Other Financing (P&I) |
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Total Est. Funds needed to close |
33,853.72 |
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Total Monthly Payment |
2417.16 |
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Danny Price |
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 This Good Faith Estimate is being provided by High Cost Mortgage Co., a fictitious mortgage broker, and no lender has
been obtained. These estimates are provided pursuant to the Real Estate Settlement Procedures Act of 1974, as amended (RESPA). Additional information
can be found in the HUD Special Information Booklet, which is to be provided to you by your mortgage broker or lender, if your application is to purchase
residential real property and the lender will take a first lien on the property. The undersigned acknowledges receipt of the booklet "Settlement Costs," and if applicable the Consumer Handbook on ARM Mortgages.
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Applicant |
Dave Ramsey |
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Date |
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Applicant |
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All HTML Code Copyright 2007 Danny Price All rights reserved. Using the information at this site and linked to this site is done at your own risk.
Copying of code or content without permission is expressly forbidden and violators will pursued.