| Option #1 | Option #2 | Option #3 |
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1. Property Taxes are entered as an ANNUAL amount. The monthly figure shown is the annual amount divided by twelve.
2. Prepaids / Escrow is estimated only when the down payment is less than twenty percent, and is calculated as six months of principal and interest plus one year of property taxes. At twenty percent down or more this row calculates as zero and may be entered manually.
3. Attorney Fee and Appraisal Fee are prefilled at typical local estimates and are fully editable. Other Closing Costs is a manual field for items such as Credit Report Fee, Flood Certification, Mortgage Tax, Origination Fee, Recording Fees and Title Insurance.
4. Subordinate Financing (DPAL) is optional. Leave blank if not applicable.
Note: Discount points are not included in the figures shown above.
The lender's Loan Estimate governs all actual figures. This worksheet is a planning and comparison tool only. It is not a loan quote, a loan commitment, or an offer of credit.
The loan options above are estimates. Actual rate, payment and costs could be higher. All information contained herein, although believed to be accurate, is an estimation and is subject to change, omission and/or error. Figures are not a loan commitment or an offer of credit. Consult a licensed mortgage professional for actual terms.