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MAIN SCREEN
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VIEW CLOSING COSTS
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PRINT SCREEN
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LOAN SET UP
1. Mortgage Program
ARM
FHA
FIXED RATE
VA-Active Duty
VA-Reservist
1a. Veteran Use
1st Time Use
Re-Use
2. What county is the home located in?
PA Counties
Adams
Allegheny
Armstrong
Beaver
Bedford
Berks
Blair
Bradford
Bucks
Butler
Cambria
Cameron
Carbon
Centre
Chester
Clarion
Clearfield
Clinton
Columbia
Crawford
Cumberland
Dauphin
Delaware
Elk
Erie
Fayette
Forest
Franklin
Fulton
Greene
Huntingdon
Indiana
Jefferson
Juniata
Lackawanna
Lancaster
Lawrence
Lebanon
Lehigh
Luzerne
Lycoming
McKean
Mercer
Mifflin
Monroe
Montgomery
Montour
Northampton
Northumberland
Perry
Philadelphia
Pike
Potter
Schuylkill
Snyder
Somerset
Sullivan
Susquehanna
Tioga
Union
Venango
Warren
Washington
Wayne
Westmoreland
Wyoming
York
3. How many units
?
1 Unit(s)
2 Unit(s)
3 Unit(s)
4 Unit(s)
4. What is your credit score?
0 - 679
680 - 699
700 - 850
5. Enter the sales price -
6. What are the annual real estate taxes?
7. Annual homeowner's insurance -
0.10%
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
0.90%
1.00%
1.10%
1.20%
1.30%
1.40%
1.50%
1.60%
1.70%
1.80%
1.90%
2.00%
2.10%
2.20%
2.30%
2.40%
2.50%
2.60%
2.70%
2.80%
2.90%
3.00%
3.10%
3.20%
3.30%
3.40%
3.50%
8. Enter the down payment percentage
Minimum
5 %
10 %
15 %
20 %
25 %
30 %
40 %
50 %
9. Enter the interest rate -
0.000 %
3.000 %
3.125 %
3.250 %
3.375 %
3.500 %
3.625 %
3.750 %
3.875 %
4.000 %
4.125 %
4.250 %
4.375 %
4.500 %
4.625 %
4.750 %
4.875 %
5.000 %
5.125 %
5.250 %
5.375 %
5.500 %
5.625 %
5.750 %
5.875 %
6.000 %
6.125 %
6.250 %
6.375 %
6.500 %
6.625 %
6.750 %
6.875 %
7.000 %
7.125 %
7.250 %
7.375 %
7.500 %
7.625 %
7.750 %
7.875 %
8.000 %
8.125 %
8.250 %
8.375 %
8.500 %
8.625 %
8.750 %
8.875 %
9.000 %
9.125 %
9.250 %
9.375 %
9.500 %
9.625 %
9.750 %
9.875 %
10.000 %
10.125 %
10.250 %
10.375 %
10.500 %
10.625 %
10.750 %
10.875 %
11.000 %
11.125 %
11.250 %
11.375 %
11.500 %
11.625 %
11.750 %
11.875 %
12.000 %
10. What is the term (how long)
10 Years
15 Years
20 Years
25 Years
30 Years
40 Years
11. Enter the origination percentage (if applicable)
0.000 %
0.125 %
0.250 %
0.375 %
0.500 %
0.625 %
0.750 %
0.875 %
1.000 %
1.125 %
1.250 %
1.375 %
1.500 %
1.625 %
1.750 %
1.875 %
2.000 %
2.125 %
2.250 %
2.375 %
2.500 %
2.625 %
2.750 %
2.875 %
3.000 %
3.125 %
3.250 %
3.375 %
3.500 %
3.625 %
3.750 %
3.875 %
4.000 %
4.125 %
4.250 %
4.375 %
4.500 %
4.625 %
4.750 %
4.875 %
5.000 %
5.125 %
5.250 %
5.375 %
5.500 %
5.625 %
5.750 %
5.875 %
6.000 %
12. Are there discount points?
0.000 Points
0.125 Points
0.250 Points
0.375 Points
0.500 Points
0.625 Points
0.750 Points
0.875 Points
1.000 Points
1.125 Points
1.250 Points
1.375 Points
1.500 Points
1.625 Points
1.750 Points
1.875 Points
2.000 Points
2.125 Points
2.250 Points
2.375 Points
2.500 Points
2.625 Points
2.750 Points
2.875 Points
3.000 Points
3.125 Points
3.250 Points
3.375 Points
3.500 Points
3.625 Points
3.750 Points
3.875 Points
4.000 Points
4.125 Points
4.250 Points
4.375 Points
4.500 Points
4.625 Points
4.750 Points
4.875 Points
5.000 Points
5.125 Points
5.250 Points
5.375 Points
5.500 Points
5.625 Points
5.750 Points
5.875 Points
6.000 Points
13. Enter deed transfer tax % to buyer *
Split Cost - 50/50
Buyer Pays 100%
Seller Pays 100%
PENNSYLVANIA DEED TRANSFER TAX
(see below)
NO Deed Transfer Tax Exceptions - 1.00%
ALLEGHENY COUNTY
Bellvue Borough - 1.5%
Bethel Park Municipality - 1.5%
City of McKeesport - 2%
City of Pittsburgh - 3%
Greentree Boro - 1.5%
Hampton Township - 1.5%
McCandless Township - 1.5%
Monroeville - 1.5%
Mt. Lebanon Municipality - 1.5%
Mt. Oliver Boro - 2%
OHara Township - 1.5%
Penn Hills Municipality - 2%
Pine Township - 1.5%
Upper St. Clair - 1.5%
West Deer Township - 1.5%
Whitehall Boro - 1.25%
BEAVER COUNTY
Georgetown Boro - .5%
Hookstown Boro - .5%
BERKS COUNTY
City of Reading - 4%
CENTRE COUNTY
Ferguson Township - 1.75%
State College Borough - 1.5%
Taylor Township - .5%
CHESTER COUNTY
City of Coatesville - 2%
Tredyffrin Township - 1.5%
CLINTON COUNTY
Colebrook Township - .5%
East Kating Township - .5%
Logan Township - .5%
DELAWARE COUNTY
Randor Township - 1.5%
Upper Providence Twp. - 1.5%
LACKAWANNA COUNTY
City of Scranton - 3%
LUZERNE COUNTY
City of Wilkes Barre - 2%
Kingston Boro - 1.5%
MERCER COUNTY
City of Farrell - 2%
City of Hermitage - 1.5%
Sheakleyville Boro "0"
PHILADELPHIA COUNTY
City of Philadelphia - 3%
SOMERSET COUNTY
Wellersburg Boro - .5%
WASHINGTON COUNTY
Peters Township - 1.5%
14. PA Deed Transfer Tax
1.00%
Total Transfer Tax
SELLER ASSIST OPTION:
15. Seller assist percentage, if applicable
0 %
Maximum
1 %
2 %
3 %
4 %
5 %
6 %
7 %
8 %
9 %
16. Seller is paying a flat amount.
DEBT TO INCOME OPTION
Gross Monthly Income
Gross Monthly Debt
Payment Ratio
Debt Ratio
* The deed transfer tax is typically split between buyer and seller. Generally, the buyer pays 1% of the sales price and the seller pays 1%. There are exceptions. Use the drop down box to see if the municipality is listed. If so, choose the municipality. PA does not have mortgage stamps or recordation fees.
40995
This estimate assumes an owner occupied residence or condominium.
FIXED and ARM refers to loans underwritten to Fannie Mae guidelines (i.e. 5%, 10%, 15%, etc.).
The minimum credit score is 680 for private mortgage calculation on these loans.
You can over ride the mortgage insurance premium in the PMI | MIP box on the closing cost page. No credit score minimum is considered for FHA & VA loans; and will not affect the calculations. The calculators are made available to you as a self-help tool for illustrative use only. Examples are hypothetical. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances. I encourage you to seek personalized advice from qualified professionals concerning real estate financing and calculations.
Copyright © 2010,William A. MacDonald All rights reserved
Anytime Estimate Home Page
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MAIN SCREEN
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VIEW CLOSING COSTS
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PRINT SCREEN
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ESTIMATED CLOSING COSTS:
Administration Fee
Down Payment
Application Fee
Estimated Closing Costs
Appraisal Fee
Estimated Escrow & Prepaid Items
Closing Protection Letter
Courier Fee (Over night mailing)
Subtotal
Credit Report
Deed Transfer Tax
Less Appraisal
Discount Point (s) *
Less Credit Report
Document Preparation
Less Earnest Money Deposit
Flood Certification
Less Fess Paid by Seller
Notary Fee
Less FHA, VA Financed Funding Fee
Origination Fee *
PA Bond Fee
ESTIMATED CASH TO CLOSE
Pest Inspection
Processing Fee
ESTIMATED MONTHLY PAYMENT
Real Estate Agency Fee
Principal & Interest
Recording Fees
Homeowners Insurance
Septic Inspection
Real Estate Taxes
Settlement Fee
MIP | PMI * * * *
Survey
Condo | Hm Association Fee
Tax Service
PAY MONTHLY
Title Endorsement
Title Insurance
* *
Basic
Reissue
Phfa | CRA
DETAILS OF MORTGAGE
Underwriting Fee
SALES PRICE
Well Inspection
Type of Loan
Term
Mortgage Amount
Interest Rate
Loan To Value
Front End Ratio
TOTAL CLOSING COSTS
Back End Ratio
ESTIMATED ESCROW & PREPAID COSTS:
CASH REQUIRED AT SETTLEMENT MUST BE IN THE FORM OF A CASHIERS OR CERTIFIED CHECK
Per Diem Interest
1 DAYS
2 DAYS
3 DAYS
4 DAYS
5 DAYS
6 DAYS
7 DAYS
8 DAYS
9 DAYS
10 DAYS
11 DAYS
12 DAYS
13 DAYS
14 DAYS
15 DAYS
16 DAYS
17 DAYS
18 DAYS
19 DAYS
20 DAYS
21 DAYS
22 DAYS
23 DAYS
24 DAYS
25 DAYS
26 DAYS
27 DAYS
28 DAYS
29 DAYS
30 DAYS
Homeowners Insurance Policy (Estimated)
Homeowners Insurance Escrow ( 2 Months)
MIP | PMI Escrow ( 2 Months )
Real Estate Tax Escrow & Proration (12 Mths)
* * *
FHA | VA Funding Fee
TOTAL ESCROW & PREPAIDS
Per Diem Interest
- To close on the last day of the month, choose 1 day. The first day of the month is 30 days.
LENDERS:
*
Origination & Discount Fees(s) -
You can over ride the percentage cost for the origination & discount percentage and enter a dollar amount in the white input box on the origination or discount line.
* *
Title Insurance -
Basic is the highest title premium. Reissue is 90% of the Basic rate. Phfa | CRA is 75% of the Basic rate. You can learn more about the Pennsylvania title insurance premiums on this web site. For the highest premium, choose the Basic rate.
* * *
Real Estate Tax Escrow & Proration ( 12 Mths ) -
Without getting into a long explanation of Pennsylvania property taxes & proration at settlement; 12 months for escrow & proration is the appropriate choice for these costs.
* * * *
PMI | MIP:
You can over ride the PMI | MIP factor in the white input box on the MIP | PMI line. Foe example, if the MI factor is .94, enter .94 in white MIP | PMI box. MI rates are based on the PMI Group's rates (MONTHLY PREMIUM & pmiNU MONTHLY RATES). Effective 10.1.08 - Last verified on 5/24/2010. Rates assume owner occupied residency (no investor, 2nd homes or relocation). Adjustments for term and loan amounts exceeding 417,000 will adjust rates automatically.
Fixed payment:
Fixed-payment mortgages feature level payments for the first five years of the mortgage. All acceptable plans must [1] have the initial payment rate equal to or greater than the initial accrual rate, [2] have no temporary buydowns, negative amortization, rate concessions, balloon mortgages with terms of less than five years, or instruments with graduated payment features.
Included in this category are 5/1, 7/1 and 10/1 ARMs.
Non-Fixed payment (ARM):
Non-Fixed payment mortgages feature payment changes, or the potential for payment changes during the first five years of the mortgage. Included are fixed-rate loans with 1% annual temporary buydowns, adjustable rate mortgages except for 5/1, 7/1 and 10/1 ARMs, balloons with a term of less than five years, rate concessions and buydowns. Loans featuring potential or scheduled negative amortization are not eligible.
CALCULATED FACTOR:
* * * * *
Front & Back End Ratio:
Enter the monthly income and debt on the Main Screen for calculation.
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MAIN SCREEN
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VIEW CLOSING COSTS
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REAL ESTATE AGENCY
AGENT NAME
BUYER
SELLER
PROPERTY
Compliments of www.AnytimeEstimate.com
ESTIMATED CLOSING COSTS:
Administration Fee
Down Payment
Application Fee
Estimated Closing Costs
Appraisal Fee
Estimated Escrow & Prepaid Items
Closing Protection Letter
Courier Fee (Over night mailing)
Subtotal
Credit Report
Deed Transfer Tax
Less Appraisal
Discount Point (s)
Less Credit Report
Document Preparation
Less Earnest Money Deposit
Flood Certification
Less Fess Paid by Seller
Notary Fee
Less FHA, VA Financed Funding Fee
Origination Fee
PA Bond Fee
ESTIMATED CASH TO CLOSE
Pest Inspection
Processing Fee
ESTIMATED MONTHLY PAYMENT
Real Estate Agency Fee
Principal & Interest
Recording Fees
Homeowners Insurance
Septic Inspection
Real Estate Taxes
Settlement Fee
MIP | PMI
Survey
Condo | Hm Association Fee
Tax Service
PAY MONTHLY
Title Endorsement
Title Insurance
DETAILS OF MORTGAGE
Underwriting Fee
SALES PRICE
Well Inspection
Type of Loan
Commitment Fee
Term (Years)
Attorney Review
Mortgage Amount
Assignment
Interest Rate
Loan To Value
Front End Ratio
TOTAL CLOSING COSTS
Back End Ratio
ESTIMATED ESCROW & PREPAID COSTS:
CASH REQUIRED AT SETTLEMENT MUST BE IN THE FORM OF A CASHIERS OR CERTIFIED CHECK
Per Diem Interest
Homeowners Policy (Estimated)
Homeowners Escrow ( 2 Months)
MIP | PMI Escrow ( 2 Months )
Tax Escrow & Proration (12 Mths)
FHA | VA Funding Fee
TOTAL ESCROW & PREPAIDS
BUYER
SELLER
BUYER
SELLER
DATE
DATE
AGENT
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