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 | 6.000% |
APR | 7.560% |
Monthly Payment | $2,492.31 |
Estimated Cash-to-Close | $118,712.30 |
Estimated Closing Date | 12/20/2024 |
First Payment Date | 02/01/2025 |
Item | Amount |
Principal & interest | $1,798.65 |
Property taxes (est) | $548.33 |
Homeowner's insurance (est) | $145.33 |
Monthly Payment | $2,492.31 |
Item | Amount |
Downpayment | $100,000.00 |
Closing costs | $12,355.50 |
Interest - 12/20/2024 to 1/1/2025 | $591.78 |
Escrow for taxes & insurance | $3,805.32 |
Property tax - 12/20/2024 to 01/01/2025 | $215.74 |
Homeowner's insurance | $1,743.96 |
Total Estimated Cash-to-Close | $118,712.30 |
Item | Amount |
Your charge for this interest rate (3.476 points) | $10,428.00 |
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 | $12,355.50 |
Item | Amount |
8 months property tax | $4,386.64 |
3 months insurance | $435.99 |
Aggregate adjustment | $-1,017.31 |
Escrow for Taxes & Insurance | $3,805.32 |
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 |