Mortgage Loan Details
|
Property Value | $400,000 |
Amount Financed | $392,755 (96.5% LTV) |
Loan Purpose | Purchase |
Property Use | Primary Residence |
Property Type | Single Family Residence |
Property Location | Alaska - Anchorage/Eagle River |
Lock Period | 45 Days |
Credit | OK - FICO >=680 |
Loan Type | 30 Year Fixed FHA |
Rate | 6.500% |
APR | 7.137% |
Monthly Payment | $3,352.16 |
Estimated Cash-to-Close | $17,825.74 |
Estimated Closing Date | 04/04/2025 |
First Payment Date | 05/01/2025 |
Item | Amount |
Base Loan | $386,000.00 |
FHA Upfront Mortgage Insurance Premium (1.75%) | $6,755.00 |
Total Amount Financed | $392,755.00 |
Item | Amount |
Principal & interest | $2,482.48 |
Mortgage insurance premium | $176.02 |
Property taxes (est) | $548.33 |
Homeowner's insurance (est) | $145.33 |
Monthly Payment | $3,352.16 |
Item | Amount |
Downpayment | $14,000.00 |
Closing costs | $-1,918.15 |
Interest - 4/4/2025 to 4/1/2025 | $-209.83 |
Escrow for taxes & insurance | $5,886.30 |
Property tax - 1/1/2025 to 04/04/2025 (seller's) | $-1,676.54 |
Homeowner's insurance | $1,743.96 |
Total Estimated Cash-to-Close | $17,825.74 |
Item | Amount |
Your credit for this interest rate | $-4,084.65 |
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 | $-1,918.15 |
Item | Amount |
11 months property tax | $6,031.63 |
2 months insurance | $290.66 |
Aggregate adjustment | $-435.99 |
Escrow for Taxes & Insurance | $5,886.30 |
Item | Amount |
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 |