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Buyer's Closing Costs Prepared by:
Walter Flood Date: 4/12/2004 |
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Prepared for: |
Mr. & Mrs. Buyer |
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Address: |
95-277 Waikalani Dr., #A-308 |
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Telephone #: |
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Closing Date: 6/1
The following data is for estimation purposes only and the accuracy of
the figures is not guaranteed. The actual costs with respect to each
transaction will vary depending on the circumstances.
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Loan
Information |
Sale Type: |
Conventional |
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Purchase
Price |
$ |
210000 |
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Interest
Rate |
|
5.5% |
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Loan
Period |
|
30
Years |
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Loan
Amount (includes
VA Funding Fee or Up Front MIP, if not Pre-Paid) |
$ |
189000 |
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Down
Payment |
$ |
21000 |
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|
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Cash
Requirements |
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Buyer's
Title Insurance |
$ |
450.00 |
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Processing
Fees |
$ |
30.00 |
|
VA
Funding Fee (if pre-paid) |
$ |
0.00 |
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Up
Front MIP-FHA (if pre-paid) |
$ |
0.00 |
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Credit
Report |
$ |
50.00 |
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Loan
Origination Fee |
$ |
1890.00 |
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Underwriting
Fees |
$ |
0.00 |
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Courier/Wire
Fee |
$ |
0.00 |
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Flood
Certificate |
$ |
0.00 |
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Attorney
Fees |
$ |
200.00 |
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Buyer
Paid Discount Points |
$ |
1890.00 |
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Lender
Fees |
$ |
250.00 |
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Recording
Fees |
$ |
25.00 |
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Document
Preparation Fees |
$ |
200.00 |
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Appraisal
Fee |
$ |
450.00 |
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Tax
Service Fee |
$ |
75.00 |
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Closing
Fees |
$ |
450.00 |
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Survey |
$ |
0.00 |
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Well/Water/Septic
Inspection |
$ |
0.00 |
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Pest
Inspection |
$ |
0.00 |
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Miscellaneous
Costs: |
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Total
Estimated Closing Costs |
$ |
6123.80 |
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Estimated
Pre-Paid Expenses - Escrow |
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|
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Hazard
Ins Reserve |
$ |
0.00 |
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|
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Tax
Reserve Amount |
$ |
30.00 |
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|
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Pro-Rated
Interest |
$ |
854.38 |
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|
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PMI
or MIP Escrow Amount (2 months) |
$ |
163.80 |
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|
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PITI
Reserve (2 months) |
$ |
2266.24 |
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|
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HOA/Management
Co Fees |
$ |
100.00 |
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|
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HOA/Management
Co Xfer Fees |
$ |
100.00 |
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Total
Estimated Escrow Required |
$ |
3514.42 |
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Total
Closing Costs and Pre-Paid Expenses |
|
$ |
9638.22 |
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Down
Payment |
|
$ |
21000.00 |
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Less
Allowable Closing Costs Paid by Seller |
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($ |
0.00) |
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Estimated
Total Cash Required at Closing |
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$ |
30638.22 |
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Estimated
Monthly Cash Required |
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Monthly
Payment (P & I) |
$ |
1073.12 |
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|
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Monthly
Property Taxes |
$ |
60.00 |
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|
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Monthly
Insurance |
$ |
0.00 |
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Monthly
PMI or MIP |
$ |
81.90 |
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Monthly
HOA Dues |
$ |
316.00 |
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Total
Estimated Monthly Payment |
$ |
1531.02 |
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Inspections
& Optional Expenses (Incurred prior to closing) |
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Appraisal
Final Inspection Fee |
$ |
0.00 |
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Radon
Inspection |
$ |
0.00 |
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Lead
Based Paint Inspection |
$ |
0.00 |
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Home
Inspection |
$ |
0.00 |
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Other
Inspection (Environmental) |
$ |
0.00 |
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Buyer's
Home Warranty Plan |
$ |
0.00 |
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Total Estimated
Extra Expenses |
$ |
0.00 |
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Buyer Signature _________________________________ |
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Date ___________ |
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Buyer Signature _________________________________ |
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Date ___________ |
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