LOAN SET UP
  MONTHLY PAYMENT        
  TOTAL CASH TO PURCHASE        
       
  Mortgage Program        
  Veteran Use      
  Pennsylvania County      
  Number of Units        
  Enter Credit Score        
     
  SALES PRICE  
  Annual Real Estate Taxes      
  Annual Homeowners Insurance      
                 
  Down Payment Percentage        
     
  Interest Rate  
  Term        
  Origination Percentage        
  Discount Points        
 
  PENNSYLVANIA DEED TRANSFER TAX:
  Deed Transfer Tax Percentage      
   
  PA Deed Transfer Tax   1.00%  
  Total Transfer Tax    
 
  SELLER ASSIST OPTION:
  Seller Assist Percentage (if applicable)      
  Seller Pays a Flat Dollar Amount        
 
  OPTIONAL ENTRIES:  
  Earnest Money Deposit        
  Appraisal        
  Credit Report        
 
  DEBT TO INCOME OPTION  
  Monthly Income        
  Monthly Debt        
     
  DETAILS OF THE TRANSACTION  
  Down Payment Amount        
  Closing Costs        
  Escrow & Prepaids        
  Subtotal        
  Less Appraisal        
  Less Credit Report        
  Less Earnest Money Deposit        
  Less Seller Assist        
  Less FHA, VA Financed Funding Fee      
  TOTAL CASH TO PURCHASE        
     
  CLOSING COSTS  
  Administration Fee        
  Application Fee        
  Appraisal Fee        
  Closing Protection Letter        
  Courier Fee (over night mailing)        
  Credit Report        
  Deed Transfer Tax        
  Discount Point (s)        
  Document Preparation        
  Flood Certification        
  Notary Fee        
  Origination Points (s)        
  PA Bond Fee        
  Pest Inspection        
  Processing Fee        
  Real Estate Agency Fee        
  Recording Fees        
  Septic Inspection        
  Settlement Fee        
  Survey        
  Tax Service        
  Title Endorsement        
  Title Insurance        
  Underwriting Fee        
  Well Inspection        
       
       
       
       
       
       
  TOTAL CLOSING COST        
     
  ESCROW & PREPAIDS  
  1st Mtg Per Diem *        
  Hm Insurance Policy ( 1 Year )        
  Hm Insurance Escrow ( 2 months )      
  MIP | PMI ESCROW ( 2 months )        
  RE Tax Escrow & Proration (12 months)      
  FHA/VA Funding Fee (Financed)        
  TOTAL 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.  
     
  MONTHLY MORTGAGE PAYMENT  
     
  Principal & Interest        
  Homeowners Insurance        
  Real Estate Taxes        
  MIP/PMI        
  MIP/PMI Over Ride        
  CONDO | Hm Association Fee        
  MONTHLY PAYMENT        
     
  DATA INPUT - CHECK FOR MISSING ENTRIES  
  PA Counties    
  Sales Price    
  Annual Real Estate Taxes    
  Interest Rate    
  Seller Assist          
           
  SALES PRICE        
  Type of Loan        
  Term        
  Mortgage Amount        
  Interest Rate        
  Loan To Value        
  Front End Ratio        
  Back End Ratio        
  40831              
         
  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 		 
     
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