Good Faith Estimate
Total Page:16
File Type:pdf, Size:1020Kb
GOOD FAITH ESTIMATE åååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååå õ õ õ Lender: Sales Price: õ õ õ õ Address: Base Loan Amount: õ õ õ õ Total Loan Amount: õ õ õ õ Applicant(s): Interest Rate: õ õ õ õ Type of Loan: õ õ õ õ Property Address: Preparation Date: õ õ õ õ Loan Number: õ õ The information provided below reflects estimates of the charges which you are likely to incur at the settlement of your loan. The fees listed are õ õ õ õ estimates - actual charges may be more or less. Your transaction may not involve a fee for every item listed. õ õ The numbers listed beside the estimates generally correspond to the numbered lines contained in the HUD-1 or HUD-1A settlement statement õ õ õ âââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââõ which you will be receiving at settlement. The HUD-1 or HUD-1A settlement statement will show you the actual cost for items paid at settlement.âõ õ 800 ITEMS PAYABLE IN CONNECTION WITH LOAN: ò 1100 TITLE CHARGES: õ âââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââõ ò âõ õ 801 Origination Fee @ % + $ $ ò 1101 Closing or Escrow Fee $ õ õ áááááááááá ò áááááááááá õ õ 802 Discount Fee @ % + $ $ ò 1102 Abstract or Title Search $ õ õ áááááááááá ò áááááááááá õ õ 803 Appraisal Fee $ ò 1103 Title Examination $ õ õ áááááááááá ò áááááááááá õ õ 804 Credit Report $ ò 1105 Document Preparation Fee $ õ õ áááááááááá ò áááááááááá õ õ 805 Lender's Inspection Fee $ ò 1106 Notary Fee $ õ õ áááááááááá ò áááááááááá õ õ 806 Mortgage Insurance Application Fee $ ò 1107 Attorney's Fee $ õ õ áááááááááá ò áááááááááá õ õ 807 Assumption Fee $ ò 1108 Title Insurance $ õ õ áááááááááá ò áááááááááá õ õ 808 Mortgage Broker Fee $ ò $ õ õ áááááááááá ò áááááááááá õ õ 810 Tax Related Service Fee $ ò $ õ õ áááááááááá ò áááááááááá õ õ 811 Application Fee $ ò $ õ õ áááááááááá ò áááááááááá õ õ 812 Commitment Fee $ ò $ õ õ áááááááááá ò áááááááááá õ õ 813 Lender's Rate Lock-In Fee $ ò $ õ õ áááááááááá ò áááááááááá õ õ 814 Processing Fee $ ò $ õ õ áááááááááá âââââââââââââââââââââââââââââââââââââââââââââââò ááááááááááâõ õ 815 Underwriting Fee $ ò 1200 GOVERNMENT RECORDING AND TRANSFER CHARGES: õ õ áááááááááá âââââââââââââââââââââââââââââââââââââââââââââââò âõ õ 816 Wire Transfer Fee $ ò 1201 Recording Fee $ õ õ áááááááááá ò áááááááááá õ õ $ ò 1202 City/County Tax/Stamps $ õ âââââââââââââââââââââââââââââââââââââââââââââââõ ááááááááááâò áááááááááá õ õ 900 ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE: ò 1203 State Tax/Stamps $ õ âââââââââââââââââââââââââââââââââââââââââââââââõ âò áááááááááá õ õ 901 Interest for days @ $ /day $ ò 1204 Intangible Tax $ õ õ áááááááááá ò áááááááááá õ õ 902 Mortgage Insurance Premium $ ò $ õ õ áááááááááá ò áááááááááá õ õ 903 Hazard Insurance Premium $ ò $ õ õ áááááááááá ò áááááááááá õ õ 904 County Property Taxes $ ò $ õ õ áááááááááá ò áááááááááá õ õ 905 Flood Insurance $ ò $ õ õ áááááááááá âââââââââââââââââââââââââââââââââââââââââââââââò ááááááááááâõ õ $ ò 1300 ADDITIONAL SETTLEMENT CHARGES: õ õ áááááááááá âââââââââââââââââââââââââââââââââââââââââââââââò âõ õ $ ò 1301 Survey $ õ âââââââââââââââââââââââââââââââââââââââââââââââõ ááááááááááâò áááááááááá õ õ 1000 RESERVES DEPOSITED WITH LENDER: ò 1302 Pest Inspection $ õ âââââââââââââââââââââââââââââââââââââââââââââââõ âò áááááááááá õ õ 1001 Hazard Ins. Mo. @$ Per Mo. $ ò $ õ õ áááááááááá ò áááááááááá õ õ 1002 Mortgage Ins. Mo. @$ Per Mo. $ ò $ õ õ áááááááááá ò áááááááááá õ õ 1004 Tax & Assmt. Mo. @$ Per Mo. $ ò $ õ õ áááááááááá ò áááááááááá õ õ 1006 Flood Insurance $ ò $ õ õ áááááááááá ò áááááááááá õ õ $ ò TOTAL ESTIMATED SETTLEMENT CHARGES: $ õ õ áááááááááá ò áááááááááá õ õ "S"/"B" designates those costs to be paid by Seller/Broker. ò "A" designates those costs affecting APR. õ âââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââõ ò âõ õ TOTAL ESTIMATED MONTHLY PAYMENT: ò TOTAL ESTIMATED FUNDS NEEDED TO CLOSE: õ âââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââõ ò âõ õ Principal & Interest $ ò õ õ áááááááááá ò õ õ Real Estate Taxes $ ò DownPayoffs Payment $ õ õ áááááááááá ò áááááááááá õ õ Hazard Insurance $ ò Estimated Closing Costs $ õ õ áááááááááá ò áááááááááá õ õ Flood Insurance $ ò Estimated Prepaid Items / Reserves $ õ õ áááááááááá ò áááááááááá õ õ Mortgage Insurance $ ò Total Paid Items (Subtract) $ õ õ áááááááááá ò áááááááááá õ õ Other $ ò Other $ õ õ áááááááááá ò áááááááááá õ õ TOTAL MONTHLY PAYMENT $ ò CASH FROM BORROWER $ õ âââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââõ áááááááááá ò áááááááááá âõ õ õ õ THIS SECTION IS COMPLETED ONLY IF A PARTICULAR PROVIDER OF SERVICE IS REQUIRED. Listed below are providers of service õ õ which we required you to use. The charges indicated in the Good Faith Estimate above are based upon the corresponding charge õ õ õ õ of the below designated providers. õ õ õ õ ITEM NO. NAME & ADDRESS OF PROVIDER TELEPHONE NO. NATURE OF RELATIONSHIP õ õ õ õ õ õ ááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááá õ õ õ õ ááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááááá õ õ õ âââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââââõ âõ õ õ õ These estimates are provided pursuant to the Real Estate Settlement Procedures Act of 1974, as amended (RESPA). Additional information can be found õ õ in the HUD Special Information Booklet, which is to be provided to you by your mortgage broker or lender, if your application is to purchase residential õ õ property and the Lender will take a first lien on the property. õ õ õ õ õ õ õ õ õ õ õ õ õ õ õ õ õ õ õ õ ááááááááááááááááááááááááááááááááááááááááááááá ááááááááááááááááááááááááááááááááááááááááááááá õ õ õ õ Applicant Date Applicant Date õ õ õ õ õ õ õ õ õ õ õ õ ááááááááááááááááááááááááááááááááááááááááááááá ááááááááááááááááááááááááááááááááááááááááááááá õ õ õ õ Applicant Date Applicant Date õ õ õ õ ààà õ õ ð ð õ õ ààð àð This Good Faith Estimate is being provided by õ õ õ õ a mortgage broker, and no lender has yet been obtained. õ õ õ õ õ õ õ åååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååååõ åõ GENESIS 2000, INC. * V9.3/W11.0 * (818) 223-3260 Page 1 of 1 Form GFE2 (03/95).