Tim Bradford 
Loan Officer 
VM/Cell (216) 324-8113 
FAX 440-884-5034 

             

 

Cash, Closing Costs & Payment Estimate             
Loan Amortization Schedule available on Page 2

Sales Price:

Interest Rate:

  %
Down Payment: % or $

 LTV   

Annual H/O Insurance (POC):   Est
Base Loan $ Half Year Realestate Taxes:   Est
Financed UpFront MIP Factor Monthly PMI\MIP Factor:
Loan Amount (with Upfront):

 

Loan Type:
Length of Loan:

Lowest Middle Credit Score:

Total Estimated Funds Needed and Monthly Payment Estimates

Sales Price:

Prin & Int Payment:

Base Loan Amount:

Monthly Taxes:

  Est

Down Payment

Monthly H/O Insurance

  Est

Total Closing Costs:

Monthly MIP

Estimated Cash to Close

Total Payment :

Net of Prepaids Less Credits

Other not in Payment
(condo,assn,ect)

Cash to Close:

 

APR w/o Monthly MIP/PMI or 80% LTV   %

APR with Monthly MIP/PMI 

This is not an commitment or offer for extension of credit, all amounts are estimated.
All loans subject to qualification criteria and price adjustments, please consult lender for details.
 
(POC) means Paid Outside of Closing


Lender Fees

Estimated Escrow, Title & Misc Fees

Orig Fee   % or $ =

Escrow Fee:

$300-400 Est

Disc Points  % or $=       

Title Binder:

$50-200 Est

Credit Report & Flood Cert

  (POC)

Pest Inspection :

  $50-200 Est

Appraisal:

  (POC)

Recording Fees:

  Based on County Fees

Loan Processing or Commitment:

Realtor Fees:

Varies based on Company
Ask your Agent
Flood Cert :

Misc, Delivery & Doc Prep:

$50-300 Est

Tax Service :

Title Insur:

2.875 per 1K + $100

Document Prep

Misc Endorse:

$75-300 Est

Underwriting:

Survey & Endorse:

$100-200 Est

Total Lender Fees:

Total Estimated Title Co Fees:    

Prepaids for Interest and Escrows

Closing Cost Credits:

Prepaid Int 15 Days: Incentive / Rebates    % or $ =

Ins Impound 2 Mo.:

Seller Assistance    % or $ =

Property Taxes 3 Mo.:

Property Tax Credit( impound plus 3.5)
MIP  Impound .: Ernest Money

Total Prepaid :

Total Credits:


 

 


  

Credit Score Adjustment - <=60.00 60.01 - 70.00 70.01 - 75.00 75.01 - 80.00 80.01 - 85.00 85.01 - 90.00 90.01 - 95.00 95.01 - 97.00 97.01 - 100
FICO <620** -1.000 -1.000 -2.750 -2.750 N/A N/A N/A N/A N/A
620 FICO 620 - 639*   -0.750 -2.500 -2.500 -2.500 -2.500 -2.500 -2.500 N/A
640 FICO 640 - 659*   -0.500 -1.750 -1.750 -1.750 -1.750 -1.750 -1.750 N/A
660 FICO 660 - 679*   -0.500 -1.250 -1.250 -1.250 -1.250 -1.250 -1.250 N/A
680 FICO 680 - 699*   -0.500 -0.500 -0.500 -0.500 -0.500 -0.500 -0.500 N/A
700 FICO 700 - 719* 0.250 -0.500 -0.500 -0.500 -0.500 -0.500 -0.500 -0.500 N/A
720 FICO 720 - 739* 0.250               N/A
740 FICO >=740* 0.250               N/A
 

 

FHA Single Family Mortgage Insurance - Upfront and Annual Mortgage Insurance Premiums  (All Loan Terms)
Effective with case number assignments as of October 1, 2008

LTV
Loan Term

Purchases Full Credit Qualifying Refinances (Non-Delinquent FHASecure)

Streamline Refinances

All Delinquent FHASecure Loans

> 95%
Greater than 15 Years

1.75% / .55%

1.50% / .55%

3.00% / .55%

< 95%
Greater than 15 Years

1.75% / .50%

1.50% / .50%

3.00% / .50%

> 90%
Less than or equal to 15 Years

1.75% / .25%

1.50% / .25%

N/A

< 90%
Less than or equal to 15 Years

1.75% / none

1.50% / none

N/A

Notes:

   All loans, except non-credit qualifying streamline refinances, are required to go through TOTAL Scorecard, even if the borrower has no credit score, in order to be evaluated and properly assessed by FHA.

   These premiums apply to the FHA 203(b) and 234(c) loan programs, but do not apply to the 238(c) (military impact areas) loan program.

   FHA is not authorized, and will not, insure any mortgages for which new FHA case number assignments are made on or after October 1, 2008, where the above premium structure has not been utilized.


FHA Single Family Mortgage Insurance - Upfront and Annual Mortgage Insurance Premiums
(Loan Terms > 15 years)
Effective as of July 14, 2008

All premiums are specified in basis points (0.01%)

Decision Credit Score (FICO)

LTV

850-680

679-640

639-600

599-560

559-500

499-300

NON-TRADITIONAL

≤ 90.00

125/50

125/50

125/50

150/50

175/50

175/50

150/50

90.01-95.00

125/50

125/50

150/50

175/50

200/50

n/a

175/50

> 95

125/55

150/55

175/55

200/55

225a/55

n/a

200/55

  1. a. A first-time homebuyer, with HUD-approved counseling, will pay only 200 basis points for the upfront mortgage insurance premiums.

Conventional Mortgage Insurance Premiums

All premiums are specified in basis points (0.01%)

Decision Credit Score (FICO)

LTV

850-680

679-640

639-600

599-560

559-500

499-300

NON-TRADITIONAL

< 80.00

 .00

 .00

 .00

 .00

 .00

 .00

 .00

80.01 -85.00

.32

.32

.32

.32

.32

.32

.32

85.01 -90.00

.52

.52

.52

.52

.52

.52

.52

90.01-95.00

.78

.78

.78

.78

.78

.78

.78

> 95

.96

.96

.96

.96

.96

.96

.96

 

    : )
 

 

Tim Bradford 
Loan Officer 
VM/Cell (216) 324-8113 
FAX 440-884-5034 

        

MB.803389.000
LO.007173.000

Tim Bradford -- OHIO MB.803389/LO.007173 ---- NMLS CO.142066/LO.250013
6363 York Road #300, Parma Heights, Ohio 44130

Affiliated WebSites

Ohio Home Loans     All about Ohio HECM Reverse Mortgages     Rent Vs Own in Ohio
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