Pre-Application Worksheet

Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before
choosing a loan.
Closing Cost Worksheet
Date 5/5/2021 Officer Greg Cuenin
Borrower(s) Brett king Phone 804-591-4891

Address 1202 Amesbury Lane Fax 804-267-1433

City Richmond Email greg.cuenin@vacu.org
State, Zip VA 23227
Phone NMLS# 476362
Email brett.andre.king@gmail.com
Proposed Loan Information
Base Loan Amount $159,000.00 Total Loan Amount $159,000.00
Purchase Price $ Estimated Value $245,000
Interest Rate 3.250% Loan Type Conventional
Annual Percent Rate 3.435% Loan Term 240 Months
Product CNV FRM 20yr
Additional ARM Loan Features
st
1 Adj. Cap % 1st Change Mths
Margin % Index %
Life Cap % Floor %

Est Closing Cost Amount Est Pre/Reserve Months Amount

Origination Fee $799.00 Daily Interest 21 days @ 14.35 $301.35
Appraisal $575.00 Homeowners Ins $
Credit Report $22.00 Homeowners Ins 2 $150.00
Tax Service $67.00 Property Taxes 2 $346.00
Flood Certificate $8.00 Aggregate Adjust $
Settlement Fee $560.00
Closing Protection Letter $20.00 Estimated Prepaid & Escrow Totals $797.35
Owner’s Title Ins $
Lender’s Title Ins $323.00 Payment Summary
Title Ins Binder $255.00 Principal & Interest $901.84
Recording Fees $118.00 Secondary Fin $
Pest Inspection $ Hazard Insurance $75.00
City/County/Stamps $132.08 Real Estate Taxes $173.00
State Tax Stamps $396.25 Mortgage Insurance $
Home Owners Assoc $
Other $0.00

Total Est Closing $3,275.33 Total Monthly Payment $1,149.84

 Summary of Your Transaction
Purchase Price/Payoff $ 155,000.00 Base Loan Amount $159,000.00
Down Payment (not included below ) $ FHA/VA/USDA/PMI Financed $
Total Estimated Closing Cost $3,275.33 Total Loan Amount $159,000.00
Total Est Reserve/Prepaid $797.35 Discount/Credit $
FHA/VA/USDA/PMI UPFRONT $ Subordinate Financing/2nd $
Discount Points Paid $596.25 Cash Deposit $
Other Credit $
Seller Credit $
Lender Credit $500.00

Total Costs $159,668.93 Total Credits $159,500.00

ESTIMATED CASH TO/FROM BORROWER $168.93

This is not a Loan Estimate required by federal law. If you make application with us, your Loan Estimate will be sent to you in the opening
package. This is not a commitment to lend, nor is it a rate lock, pre-qualification or pre-approval. This worksheet is intended to assist you in
evaluating a loan or home purchase using estimated closing and property costs. Closing and settlement costs, reserve deposits, interest rate,
and APR are subject to change and the estimates shown above may be more or less depending on factors such as but not limited to: down
payment, property type, and occupancy. Housing costs will vary depending on but not limited to: location, homeowner’s association dues, local
and state fees, taxes and hazard and mortgage insurance. Charges from third parties which may include but not limited to: Lender’s affiliates,
will be passed through at the actual cost charged by the 3rd party. You may wish to compare these estimated charges in considering to the total
cost of your mortgage.

Equal Housing Lender