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    Closing Cost Worksheet

    Uploaded by

    kashyapk

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    © All Rights Reserved
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    Closing Cost Worksheet

    Uploaded by

    kashyapk
    1 views1 page

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    Closing Cost Worksheet

    Uploaded by

    kashyapk

    Copyright:

    © All Rights Reserved
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    Lennar Mortgage, LLC

    CLOSING COST WORKSHEET

    Your actual rate, payment, and costs could be higher. Get an official Loan
    Estimate before choosing a loan.
    NOTE: Although this statement provides information regarding estimated closing costs, it is not a Loan Estimate. If you apply for a loan with
    Lennar Mortgage, LLC you will receive a Loan Estimate.

    Loan Number: 20476414 Date: 01/10/2022


    Borrower: Kashyap Kuchipudi Lender: Lennar Mortgage, LLC
    CoBorrower: 1100 Perimeter Park Drive Suite 112A
    Property: 488 Lot Smith Farm Morrisville, NC 27560
    Apex, NC 27502 Loan Officer: Ryan Aaron Keller Phone: 919-337-9460
    Loan Program: Portfolio Investor 2150 Fannie DU 30YR NMLS # 415187 Fax: 877-474-4388
    Purpose Of Loan: Purchase Note Rate: 3.250% Loan To Value 94.737%
    Term (Months): 360 APR: 3.547% Cumulative LTV: 94.737%
    Loan Amount: $ 360,000.00 Down Payment: $20,000.00
    Section I. Total Estimated Closing Cost Estimated Cash Required To Close
    Document Preparation Fee $ 195.00 Purchase Price $ 380,000.00
    Commitment Fee $ 995.00 Total Estimated Closing Costs (Section I)3 + $ 9,140.18
    Origination Points 1.000 % $ 3,600.00 Total Estimated Prepayments (Section II) + $ 2,480.86
    Appraisal Fee $ 500.00 Total Estimated Costs to Close = $ 391,621.04
    Flood Certification $ 7.50 Loan Amount - $ 360,000.00
    Closing Protection Letter $ 96.60 Other Financing - $ 0.00
    Document Preparation Fee $ 150.00 Seller Paid Closing Costs/Prepaids3 - $ 3,000.00
    Settlement Fee $ 150.00 Cash Deposit on Sales Contract - $ 11,400.00
    Attorney's Fees $ 750.00
    Total Cash Required1 $ 17,221.04
    Owner's Title Insurance $ 227.28
    Lender's Title Insurance $ 846.80
    Total Estimated Monthly Payment
    Recording Service Fee $ 20.00
    Principal & Interest $ 1,566.74
    Survey Fee $ 200.00
    Monthly Hazard Insurance*** $ 66.25
    Recording Fees $ 142.00
    Monthly Property Taxes*** $ 331.71
    Transfer Taxes $ 760.00
    Monthly Mortgage Insurance $ 99.00
    HOA Working Capital $ 500.00
    HOA Dues $ 100.00
    Total Estimated Closing Costs $ 9,140.18
    Total Monthly Payment2 $ 2,163.70
    Section II. Total Estimated Prepayments 1. This is an estimate of the cash required/proceeds to close the loan transaction. The consumer
    should refer to the Loan Estimate for additional information.
    Daily Int. Charges 5 days @ $ 32.0548 $ 160.27 2. This amount may differ from the estimated initial monthly payment amount on your Loan
    Hazard Insurance Premium $ 795.00 Estimate, which includes only principal, interest and mortgage insurance (as applicable).
    3. "Total Estimated Closing Costs" includes all closing costs, including those costs
    Hazard Insurance $ 198.75 traditionally paid by the seller or charged to the seller by regulation. "Seller Paid Closing
    Property Taxes $ 1,326.84 Costs/Prepaid" credit is the sum total of the closing costs traditionally paid by the seller plus
    any closing cost credit negotiated by the buyer in the purchase contract.
    Total Estimated Prepayments $ 2,480.86 *** Not included in payment if Escrows are Waived

    This document is for informational purposes. It does not constitute a commitment or offer to lend. Your settlement charges may change depending on what product you are approved for, on
    what terms and when you are approved and/or close your loan. Interest rates and programs are subject to change without notice.

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