Mortgage Loan Details
4 November 2024, 7:38am

  • Mortgage Quote Parameters

  • Property Value$400,000
    Amount Financed$392,755 (96.5% LTV)
    Loan PurposePurchase
    Property UsePrimary Residence
    Property TypeSingle Family Residence
    Property LocationAlaska - Anchorage/Eagle River
    Lock Period45 Days
    CreditOK - FICO >=680
     
    Loan Type30 Year Fixed FHA
    Rate6.375%
    APR7.048%
     
    Monthly Payment$3,319.94
    Estimated Cash-to-Close$20,087.88
     
    Estimated Closing Date12/20/2024
    First Payment Date02/01/2025


  • Amount Financed Detail

    ItemAmount
    Base Loan$386,000.00
    FHA Upfront Mortgage Insurance Premium (1.75%)$6,755.00
    Total Amount Financed$392,755.00


  • Monthly Payment Detail

    ItemAmount
    Principal & interest$2,450.28
    Mortgage insurance premium$176.00
    Property taxes (est)$548.33
    Homeowner's insurance (est)$145.33
    Monthly Payment$3,319.94


  • Estimated Cash-to-Close Detail

    ItemAmount
    Downpayment$14,000.00
    Closing costs$-500.31
    Interest - 12/20/2024 to 1/1/2025$823.17
    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$20,087.88


  • Closing Costs Detail

    ItemAmount
    Your credit for this interest rate$-2,666.81
    Origination charge$0.00
    Credit report fee$0.00
    Appraisal$1,010.00
    Title - Attorney doc prep (50%)$32.50
    Title - Courier fee$25.00
    Title - eRecording (50%)$5.00
    Title - Lender's title insurance$545.00
    Title - Settlement/Escrow fee (50%)$486.50
    Government recording charges (50%)$62.50
    Total Estimated Closing Costs$-500.31


  • Escrow for Taxes & Insurance

    ItemAmount
    8 months property tax$4,386.64
    3 months insurance$435.99
    Aggregate adjustment$-1,017.31
    Escrow for Taxes & Insurance$3,805.32


  • Seller Closing Costs Detail

    ItemAmount
    Flood certificate$7.50
    Tax registration$85.00
    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%)$62.50
    Total Estimated Seller Charges$2,276.00


  • Disclosure: This is not an offer or commitment to lend. The rates and terms displayed above may change at any time without notice. The actual mortgage product you qualify for will depend upon verification of the information in your application, the applicable home value, and other relevant considerations. If you have questions about current rates, please contact a Loan Officer at 907-562-3600.

    Rates change frequently, please visit https://www.titanmortgage.com/rates.php for our current rates.