Mortgage Loan Details
|
Property Value | $400,000 |
Amount Financed | $300,000 (75.0% LTV) |
Loan Purpose | Purchase |
Property Use | Primary Residence |
Property Type | Single Family Residence |
Property Location | Alaska - Anchorage/Eagle River |
Lock Period | 45 Days |
Credit | Excellent - FICO >=780 |
Loan Type | 5/6 ARM Fixed Conventional |
Rate | 4.375% |
APR | 7.043% |
Monthly Payment | $2,191.52 |
Estimated Cash-to-Close | $126,979.48 |
Estimated Closing Date | 01/24/2025 |
First Payment Date | 03/01/2025 |
Item | Amount |
Principal & interest | $1,497.86 |
Property taxes (est) | $548.33 |
Homeowner's insurance (est) | $145.33 |
Monthly Payment | $2,191.52 |
Item | Amount |
Downpayment | $100,000.00 |
Closing costs | $20,863.50 |
Interest - 1/24/2025 to 2/1/2025 | $287.67 |
Escrow for taxes & insurance | $4,498.98 |
Property tax - 1/1/2025 to 01/24/2025(seller's) | $-414.63 |
Homeowner's insurance | $1,743.96 |
Total Estimated Cash-to-Close | $126,979.48 |
Item | Amount |
Your charge for this interest rate (6.312 points) | $18,936.00 |
Origination charge | $0.00 |
Credit report fee | $0.00 |
Flood certificate | $0.00 |
Appraisal | $850.00 |
Title - Attorney doc prep (50%) | $32.50 |
Title - Courier fee | $25.00 |
Title - eRecording (50%) | $5.00 |
Title - Lender's title insurance | $456.00 |
Title - Settlement/Escrow fee (50%) | $486.50 |
Government recording charges (50%) | $72.50 |
Total Estimated Closing Costs | $20,863.50 |
Item | Amount |
9 months property tax | $4,934.97 |
3 months insurance | $435.99 |
Aggregate adjustment | $-871.98 |
Escrow for Taxes & Insurance | $4,498.98 |
Item | Amount |
Tax registration | $0.00 |
Title - Attorney doc prep (50%) | $32.50 |
Title - eRecording (50%) | $5.00 |
Title - Owner's title insurance | $1,572.00 |
Title - Settlement/Escrow fee (50%) | $486.50 |
Title - Wire fee | $25.00 |
Government recording charges (50%) | $72.50 |
Total Estimated Seller Charges | $2,193.50 |