Closing Costs

Wed, Aug 25, 2010 10:16 AM

This rate quote is based on a loan amount of $150,000.00.

20 Year Fixed
Interest Rate Discount Points Payment APR Margin Lifetime Cap
4.375% 0.000 $938.88 4.670% N/A N/A
Loan Fees      
Appraisal Fee $ 350.00
Credit Report $ 18.00
Mortgage Broker Fee $ 1,500.00
Processing Fee $ 375.00
Document Preparation Fee $ 649.00
Total Loan Fees $ 2,892.00  
Prepaid Items
The following items may be required for you to prepay in escrow. These are not additional fees, they are expenses which are prepaid to cover items such as homeowners insurance, initial interest payment on your new mortgage, and mortgage insurance [if required].
15 Days of Interest at $17.98 $ 269.69  
Home Owners Insurance $ TBD  
Property Tax $ TBD  
Total Prepaid Items $ 269.69  
Origination and Discount Points      
Origination Fees $ 1,500.00  
Discount Points $ 0.00  
Total Closing Costs $ 4,661.69  
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The above payment reflects principal and interest only.

Fees will vary.

 

Minnesota Residential Mortgage, Inc.
NMLS# 259460

2475 15th St. NE, Suite B
New Brighton, MN 55112
Phone: 651-797-4090 | Fax: 651-797-4092


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