This document is a sample Closing Disclosure for a fixed rate mortgage. It summarizes the key terms of the loan including the loan amount of $162,000, interest rate of 3.875%, and monthly principal and interest payment of $761.78. It also outlines the closing costs totaling $9,712.10 and the amount owed at closing of $14,147.26.
The Loan Estimate: This form will be provided to consumers within three business days after they submit a loan application. It replaces the early Truth in Lending statement and the Good Faith Estimate, and provides a summary of the key loan terms and estimated loan and closing costs. Consumers can use this new form to compare the costs and features of different loans.
The Loan Estimate: This form will be provided to consumers within three business days after they submit a loan application. It replaces the early Truth in Lending statement and the Good Faith Estimate, and provides a summary of the key loan terms and estimated loan and closing costs. Consumers can use this new form to compare the costs and features of different loans.
Keep Your Home and Avoid Foreclosure or Short Salerandyvillaverde
The Guardian Group Funds works with homeowners that have negative equity in their home. Regardless if you owe more than your home is worth, if you are in foreclosure or bankruptcy, we can help. Please take a moment and view the PowerPoint to see an overview of our program.
The Loan Estimate: This form will be provided to consumers within three business days after they submit a loan application. It replaces the early Truth in Lending statement and the Good Faith Estimate, and provides a summary of the key loan terms and estimated loan and closing costs. Consumers can use this new form to compare the costs and features of different loans.
The Loan Estimate: This form will be provided to consumers within three business days after they submit a loan application. It replaces the early Truth in Lending statement and the Good Faith Estimate, and provides a summary of the key loan terms and estimated loan and closing costs. Consumers can use this new form to compare the costs and features of different loans.
Keep Your Home and Avoid Foreclosure or Short Salerandyvillaverde
The Guardian Group Funds works with homeowners that have negative equity in their home. Regardless if you owe more than your home is worth, if you are in foreclosure or bankruptcy, we can help. Please take a moment and view the PowerPoint to see an overview of our program.
Revolutionizing lending in today's digital worldExperian
Imagine a world where the lending journey is streamlined and aligned with today's innovative technologies. A world where income and asset verification happen real-time. No need to return to your customers and request even more paperwork to support their ability to pay. This presentation dives into how lenders can now bring financial data aggregation into the mainstream. With a simple interface, lenders can verify income and assets in minutes vs. days, leading to reduced processing times, improved revenue streams and higher customer satisfaction.
FEBRUARY 7, 2014
TILA RESPA Integrated
Disclosure
H-25(B) Mortgage Loan Transaction Closing Disclosure – Fixed Rate
Loan Sample
This is a sample of a completed Closing Disclosure for the fixed rate loan illustrated by form H-24(B). The purpose, product, sale price, loan amount, loan term, and interest rate have not changed from the estimates provided on the Loan Estimate. The creditor requires an escrow account and that the consumer pay for private mortgage insurance for the transaction.
Closing Disclosure
This form is a statement of final loan terms and closing costs. Compare this document with your Loan Estimate.
CLOSING DISCLOSURE
PAGE 2 OF 5 • LOAN ID # 123456789
Closing Information
Transaction Information
Loan Information
Date Issued
4/15/2013
Borrower
Michael Jones and Mary Stone
Loan Term
30 years
Closing Date
4/15/2013
123 Anywhere Street
Purpose
Purchase
Disbursement Date
4/15/2013
Anytown, ST 12345
Product
Fixed Rate
Settlement Agent
File #
Epsilon Title Co.
12-3456
Seller
Steve Cole and Amy Doe
321 Somewhere Drive
Loan Type
x Conventional
FHA
Property
456 Somewhere Ave
Anytown, ST 12345
VA
Anytown, ST 12345
Lender
Ficus Bank
Loan ID #
123456789
Sale Price
$180,000
MIC #
000654321
Loan Terms
Can this amount increase after closing?
Loan Amount
$162,000 NO
Interest Rate
3.875% NO
Monthly Principal & Interest
See Projected Payments below for your
Estimated Total Monthly Payment
$761.78 NO
Prepayment Penalty
Does the loan have these features?
YES • As high as $3,240 if you pay off the loan during the first 2 years
Balloon Payment
NO
Projected Payments
Payment Calculation
Years 1-7
Years 8-30
Principal & Interest
Mortgage Insurance
Estimated Escrow
Amount can increase over time
$761.78
+ 82.35
+ 206.13
$761.78
+ —
+ 206.13
Estimated Total
Monthly Payment
$1,050.26
$967.91
Estimated Taxes, Insurance
& Assessments
Amount can increase over time
See page 4 for details
This estimate includes In escrow?
x Property Taxes YES
$356.13 x Homeowner’s Insurance YES
a month x Other: Homeowner’s Association Dues NO
See Escrow Account on page 4 for details. You must pay for other property costs separately.
Costs at Closing
Closing Costs $9,712.10 Includes $4,694.05 in Loan Costs + $5,018.05 in Other Costs – $0 in Lender Credits. See page 2 for details.
Cash to Close $14,147.26 Includes Closing Costs. See Calculating Cash to Close on page 3 for details.
Closing Cost Details
Borrower-Paid Seller-Paid Paid by
Loan Costs
At Closing Before Closing At Closing Before Closing
Others
A. Origination Charges $1,802.00
01 0.25 % of Loan Amount (Points) $405.00
02 Application Fee $300.00
03 Underwriting Fee $1,097.00
04
05
06
07
08
B. Services Borrower Did Not Shop For $236.55
01 Appraisal Fee to John Smith Appraisers Inc. $405.00
02 Credit Report Fee to Information Inc. $29.80
03 Flood Determination Fee to Info Co. $20.00
04 Flood Monitorin ...
Chenoa fund-resources-sample closing-package-homeready_7618Chenoa Fund
"Chenoa Fund is an affordable housing program provided through CBC Mortgage Agency (CBCMA), a uniquely created and organized government institution. CBCMA specializes in providing down payment assistance solutions in conjunction with FHA loans, with a focus on providing funding for affordable housing opportunities in communities nationwide.
Through the Chenoa Fund, borrowers that meet our credit score and DTI requirements (see our program guidelines, and who can otherwise qualify for an FHA loan, can receive a first mortgage and a second mortgage or grant to cover their 3.5% minimum investment requirement. "
Projected Payments
Loan Terms
CLOSING DISCLOSURE PAGE 1 OF 5 • LOAN ID # 0000000000
Payment Calculation
Principal & Interest
Mortgage Insurance
Estimated Escrow
Amount can increase over time
Estimated Total
Monthly Payment
Estimated Taxes, Insurance
& Assessments
Amount can increase over time
See page 4 for details See Escrow Account on page 4 for details. You must pay for other property
costs separately.
This estimate includes In escrow?
Property Taxes
Homeowner’s Insurance
Other:
Can this amount increase after closing?
Loan Amount
Interest Rate
Monthly Principal & Interest
See Projected Payments below for your
Estimated Total Monthly Payment
Does the loan have these features?
Prepayment Penalty
Balloon Payment
Closing Costs Includes $5,877.00 in Loan Costs + $7,642.43 in Other Costs – $0
in Lender Credits. See page 2 for details.
Cash to Close Includes Closing Costs. See Calculating Cash to Close on page 3 for details.
Costs at Closing
Transaction Information
Borrower
Seller
Lender
Loan Information
Loan Term
Purpose
Product
Loan Type Conventional FHA
VA _____________
Loan ID #
MIC #
Closing Information
Date Issued
Closing Date
Disbursement Date
Settlement Agent
File #
Property
Sale Price
This form is a statement of final loan terms and closing costs. Compare this
document with your Loan Estimate.Closing Disclosure
Projected Payments
Loan Terms
CLOSING DISCLOSURE PAGE 1 OF 5 • LOAN ID # 0000000000
Payment Calculation
Principal & Interest
Mortgage Insurance
Estimated Escrow
Amount can increase over time
Estimated Total
Monthly Payment
Estimated Taxes, Insurance
& Assessments
Amount can increase over time
See page 4 for details See Escrow Account on page 4 for details. You must pay for other property
costs separately.
This estimate includes In escrow?
Property Taxes
Homeowner’s Insurance
Other:
Can this amount increase after closing?
Loan Amount
Interest Rate
Monthly Principal & Interest
See Projected Payments below for your
Estimated Total Monthly Payment
Does the loan have these features?
Prepayment Penalty
Balloon Payment
Closing Costs Includes $5,877.00 in Loan Costs + $7,642.43 in Other Costs – $0
in Lender Credits. See page 2 for details.
Cash to Close Includes Closing Costs. See Calculating Cash to Close on page 3 for details.
Costs at Closing
Transaction Information
Borrower
Seller
Lender
Loan Information
Loan Term
Purpose
Product
Loan Type Conventional FHA
VA _____________
Loan ID #
MIC #
Closing Information
Date Issued
Closing Date
Disbursement Date
Settlement Agent
File #
Property
Appraised Prop. Value
This form is a statement of final loan terms and closing costs. Compare this
document with your Loan Estimate.Closing Disclosure
Projected Payments
Loan Terms
CLOSING DISCLOSURE PAGE ...
A. Settlement Statement (HUD-1)HUD-1Page 1 of 3Previous ed.docxbartholomeocoombs
A. Settlement Statement (HUD-1)
HUD-1Page 1 of 3Previous edition are obsolete
B. Type of Loan
J. Summary of Borrower’s Transaction
100. Gross Amount Due from Borrower
C. Note:
400. Gross Amount Due to Seller
This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked
“(p.o.c.)” were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
401. Contract sales price
106. City/town taxes to
to
to
to
to
to
to
to
to
to
to
to
406. City/town taxes
203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to
212. Assessments 512. Assessments
302. Less amounts paid by/for borrower (line 220) 602. Less reductions in amounts due seller (line 520)( ) ( )
213. 513.
214. 514.
215. 515.
216. 516.
218. 518.
217. 517.
219. 519.
102. Personal property
101. Contract sales price
402. Personal property
107. County taxes 407. County taxes
204. 504. Payoff of first mortgage loan
103. Settlement charges to borrower (line 1400) 403.
108. Assessments 408. Assessments
205. 505. Payoff of second mortgage loan
104. 404.
109. 409.
206. 506.
201. Deposit or earnest money 501. Excess deposit (see instructions)
210. City/town taxes 510. City/town taxes
105.
1.
D. Name & Address of Borrower:
G. Property Location:
E. Name & Address of Seller: F. Name & Address of Lender:
I. Settlement Date:H. Settlement Agent:
Place of Settlement:
2. 3.FHA RHS Conv. Unins. 6. File Number: 7. Loan Number: 8. Mortgage Insurance Case Number:
VA Conv. Ins.4. 5.
405.
110. 410.
207. 507.
202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400)
211. County taxes 511. County taxes
301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (line 420)
111. 411.
208. 508.
112. 412.
209. 509.
120. Gross Amount Due from Borrower 420. Gross Amount Due to Seller
200. Amount Paid by or in Behalf of Borrower 500. Reductions In Amount Due to seller
Adjustments for items unpaid by seller Adjustments for items unpaid by seller
220. Total Paid by/for Borrower 520. Total Reduction Amount Due Seller
303. Cash 603. CashFrom ToTo Borrower From Seller
300. Cash at Settlement from/to Borrower 600. Cash at Settlement to/from Seller
Adjustment for items paid by seller in advance Adjustment for items paid by seller in advance
K. Summary of Seller’s Transaction
OMB Approval No. 2502-0265
The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and reporting the data. This agency may not
collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. No confidentiality is assured; this disclosure
is mandatory. This is designed to provide the parties to a RESPA cover.
Buying your first home is exciting but all the details and deadlines can be quite overwhelming.
This A and N Mortgage Services, Inc. home buying packet and helpful checklist will ensure that the
process of buying your first home is stress-free.
5 Things To Make Your LIsting Stand Out OnlineMatthew Rathbun
Great, you got the listing! Now…how are we going to stand out amongst all the other competing homes for sale? In a world of noise, with countless homes for sale and listing sites begging for the home buyers attention, how are you going to get your listing information in front of buyers in a meaningful way? This skills enhancement course covers 5 easy and free ways to make sure your listing is getting found on listing aggregators and even in Google searches. It's time to take your marketing and successful level up a few notches and make the most of the listing opportunity!
Rockstar Presenting, Virtual Classrooms and Real Estate Instructors Matthew Rathbun
The Real Estate Industry is filled with the voices of instructors who can carry a tune, but very few who have the ability to build a following, be sought after and to consistently deliver what their audiences are looking for. Now with the clear necessity of virtual classrooms, the instructors have a new set of skills they need to hone in order to deliver a kickass presentation. The Rockstar Presenting session is designed to give you the skills and tools that highly successful speakers are using to prepare an unprepared industry for the changes that are coming, the demands the learners have today, and the ability to evolve with the world. For more information visit www.MatthewRathbun.com
Now more than ever consumers are looking for a way to get into a home, without stepping inside. In the midst of a pandemic, Home owners and landlords are trying to get buyers and tenants into homes, while those occupying the property are trying to do all they can to limit the exposure of themselves and others into a home. The use of video and virtual tours is a critical marketing tool in maximizing exposure to the property. This session explores the various resources, tools and tactics for gathering engaging media and 3D tours both with premium and free tools.
Every broker knows that connection with those in his or her office is essential to team building, engagement, culture and increasing opportunities. However, the old office meeting, where agents sit around and moan about their non-sellable listings have left many of your agents' resistance to attending. The ubiquity of information has made it hard for many managers to find relevance in the agent’s life. Matthew Rathbun shares how his focus on telling the agent’s story and that of the firms has increased attendance. The tools to tell these stories are all around you and can help you craft an experience and not just another meeting.
Ninety-nine percent of consumers conduct online searches related to buying and selling real estate. They are seeking valuable tools and information to help with those processes. Information breeds loyalty. Agents can take advantage of free resources to step up their marketing game and increase their business by offering information, tools and resources that will encourage the consumer to engage the agent. This session focuses on easy means to create content and inbound marketing campaign.
Matthew Rathbun's Real Estate Offer Assistant PacketMatthew Rathbun
The offer assistant packet is left at the listing and uploaded to MLS so that the buyer's agent can use them to draft an offer, thus cutting down on counter offer time.
There is a myriad of free tools and activities that agents can master online and offline to increase their market and create more client opportunities.
10601 Whispering Way, Fredericksburg VA | Home For SaleMatthew Rathbun
You’ve always wanted the perfect waterfront home for entertaining and this is it! Enjoy your year round view of 600 ft of water frontage on 4.91 acres located on Ni River Reservoir. Nestled in a wooded private setting in Fredericksburg, VA this home features several Smart Home security devices, two kitchens, an incredible theater room, large bedrooms, spacious baths, beautiful and hardwood floors.
Matthew Rathbun presents a SmartHome 101 session for Realtors and a tips on how to best serve both the buyers and sellers that are in a transaction with smarthome technology in play
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
1. FEBRUARY 7, 2014
H-25(B) Mortgage Loan Transaction Closing Disclosure – Fixed Rate
Loan Sample
TILA RESPA Integrated
Disclosure
This is a sample of a completed Closing Disclosure for the fixed rate loan illustrated by form H-24(B). The purpose,
product, sale price, loan amount, loan term, and interest rate have not changed from the estimates provided on the Loan
Estimate. The creditor requires an escrow account and that the consumer pay for private mortgage insurance for the
transaction.
2. Projected Payments
Loan Terms Can this amount increase after closing?
Loan Amount $162,000 NO
Interest Rate 3.875% NO
Monthly Principal & Interest
See Projected Payments below for your
Estimated Total Monthly Payment
$761.78
NO
Does the loan have these features?
Prepayment Penalty YES • As high as $3,240 if you pay off the loan during the
first 2 years
Balloon Payment NO
Costs at Closing
CLOSING DISCLOSURE PAGE 1 OF 5 • LOAN ID # 123456789
Payment Calculation Years 1-7 Years 8-30
Principal Interest
Mortgage Insurance
Estimated Escrow
Amount can increase over time
$761.78
+ 82.35
+ 206.13
$761.78
+ —
+ 206.13
Estimated Total
Monthly Payment $1,050.26 $967.91
Estimated Taxes, Insurance
Assessments
Amount can increase over time
See page 4 for details
$356.13
a month
See Escrow Account on page 4 for details. You must pay for other property
costs separately.
This estimate includes In escrow?
x Property Taxes YES
x Homeowner’s Insurance YES
x Other: Homeowner’s Association Dues NO
Closing Costs $9,712.10 Includes $4,694.05 in Loan Costs + $5,018.05 in Other Costs – $0
in Lender Credits. See page 2 for details.
Cash to Close $14,147.26 Includes Closing Costs. See Calculating Cash to Close on page 3 for details.
Transaction Information
Borrower Michael Jones and Mary Stone
123 Anywhere Street
Anytown, ST 12345
Seller Steve Cole and Amy Doe
321 Somewhere Drive
Anytown, ST 12345
Lender Ficus Bank
Loan Information
Loan Term 30 years
Purpose Purchase
Product Fixed Rate
Loan Type x Conventional FHA
VA _____________
Loan ID # 123456789
MIC # 000654321
Closing Information
Date Issued 4/15/2013
Closing Date 4/15/2013
Disbursement Date 4/15/2013
Settlement Agent Epsilon Title Co.
File # 12-3456
Property 456 Somewhere Ave
Anytown, ST 12345
Sale Price $180,000
This form is a statement of final loan terms and closing costs. Compare this
document with your Loan Estimate.Closing Disclosure
3. Borrower-Paid Seller-Paid Paid by
Others
At Closing Before Closing At Closing Before Closing
A. Origination Charges $1,802.00
01 0.25 % of Loan Amount (Points) $405.00
02 Application Fee $300.00
03 Underwriting Fee $1,097.00
04
05
06
07
08
B. Services Borrower Did Not Shop For $236.55
01 Appraisal Fee to John Smith Appraisers Inc. $405.00
02 Credit Report Fee to Information Inc. $29.80
03 Flood Determination Fee to Info Co. $20.00
04 Flood Monitoring Fee to Info Co. $31.75
05 Tax Monitoring Fee to Info Co. $75.00
06 Tax Status Research Fee to Info Co. $80.00
07
08
09
10
C. Services Borrower Did Shop For $2,655.50
01 Pest Inspection Fee to Pests Co. $120.50
02 Survey Fee to Surveys Co. $85.00
03 Title – Insurance Binder to Epsilon Title Co. $650.00
04 Title – Lender’s Title Insurance to Epsilon Title Co. $500.00
05 Title – Settlement Agent Fee to Epsilon Title Co. $500.00
06 Title – Title Search to Epsilon Title Co. $800.00
07
08
D. TOTAL LOAN COSTS (Borrower-Paid) $4,694.05
Loan Costs Subtotals (A + B + C) $4,664.25 $29.80
Loan Costs
CLOSING DISCLOSURE PAGE 2 OF 5 • LOAN ID # 123456789
J. TOTAL CLOSING COSTS (Borrower-Paid) $9,712.10
Closing Costs Subtotals (D + I) $9,682.30 $29.80 $12,800.00 $750.00 $405.00
Lender Credits
Closing Cost Details
Other Costs
E. Taxes and Other Government Fees $85.00
01 Recording Fees Deed: $40.00 Mortgage: $45.00 $85.00
02 Transfer Tax to Any State $950.00
F. Prepaids $2,120.80
01 Homeowner’s Insurance Premium ( 12 mo.) to Insurance Co. $1,209.96
02 Mortgage Insurance Premium ( mo.)
03 Prepaid Interest ( $17.44 per day from 4/15/13 to 5/1/13 ) $279.04
04 Property Taxes ( 6 mo.) to Any County USA $631.80
05
G. Initial Escrow Payment at Closing $412.25
01 Homeowner’s Insurance $100.83 per month for 2 mo. $201.66
02 Mortgage Insurance per month for mo.
03 Property Taxes $105.30 per month for 2 mo. $210.60
04
05
06
07
08 Aggregate Adjustment – 0.01
H. Other $2,400.00
01 HOA Capital Contribution to HOA Acre Inc. $500.00
02 HOA Processing Fee to HOA Acre Inc. $150.00
03 Home Inspection Fee to Engineers Inc. $750.00 $750.00
04 Home Warranty Fee to XYZ Warranty Inc. $450.00
05 Real Estate Commission to Alpha Real Estate Broker $5,700.00
06 Real Estate Commission to Omega Real Estate Broker $5,700.00
07 Title – Owner’s Title Insurance (optional) to Epsilon Title Co. $1,000.00
08
I. TOTAL OTHER COSTS (Borrower-Paid) $5,018.05
Other Costs Subtotals (E + F + G + H) $5,018.05
4. Calculating Cash to Close
BORROWER’S TRANSACTION
K. Due from Borrower at Closing $189,762.30
01 Sale Price of Property $180,000.00
02 Sale Price of Any Personal Property Included in Sale
03 Closing Costs Paid at Closing (J) $9,682.30
04
Adjustments
05
06
07
Adjustments for Items Paid by Seller in Advance
08 City/Town Taxes to
09 County Taxes to
10 Assessments to
11 HOA Dues 4/15/13 to 4/30/13 $80.00
12
13
14
15
L. Paid Already by or on Behalf of Borrower at Closing $175,615.04
01 Deposit $10,000.00
02 Loan Amount $162,000.00
03 Existing Loan(s) Assumed or Taken Subject to
04
05 Seller Credit $2,500.00
Other Credits
06 Rebate from Epsilon Title Co. $750.00
07
Adjustments
08
09
10
11
Adjustments for Items Unpaid by Seller
12 City/Town Taxes 1/1/13 to 4/14/13 $365.04
13 County Taxes to
14 Assessments to
15
16
17
CALCULATION
Total Due from Borrower at Closing (K) $189,762.30
Total Paid Already by or on Behalf of Borrower at Closing (L) – $175,615.04
Cash to Close x From To Borrower $14,147.26
SELLER’S TRANSACTION
M. Due to Seller at Closing $180,080.00
01 Sale Price of Property $180,000.00
02 Sale Price of Any Personal Property Included in Sale
03
04
05
06
07
08
Adjustments for Items Paid by Seller in Advance
09 City/Town Taxes to
10 County Taxes to
11 Assessments to
12 HOA Dues 4/15/13 to 4/30/13 $80.00
13
14
15
16
N. Due from Seller at Closing $115,665.04
01 Excess Deposit
02 Closing Costs Paid at Closing (J) $12,800.00
03 Existing Loan(s) Assumed or Taken Subject to
04 Payoff of First Mortgage Loan $100,000.00
05 Payoff of Second Mortgage Loan
06
07
08 Seller Credit $2,500.00
09
10
11
12
13
Adjustments for Items Unpaid by Seller
14 City/Town Taxes 1/1/13 to 4/14/13 $365.04
15 County Taxes to
16 Assessments to
17
18
19
CALCULATION
Total Due to Seller at Closing (M) $180,080.00
Total Due from Seller at Closing (N) – $115,665.04
Cash From x To Seller $64,414.96
Summaries of Transactions
CLOSING DISCLOSURE PAGE 3 OF 5 • LOAN ID # 123456789
Loan Estimate Final Did this change?
Total Closing Costs (J) $8,054.00 $9,712.10 YES • See Total Loan Costs (D) and Total Other Costs (I)
Closing Costs Paid Before Closing $0 – $29.80 YES • You paid these Closing Costs before closing
Closing Costs Financed
(Paid from your Loan Amount) $0 $0 NO
Down Payment/Funds from Borrower $18,000.00 $18,000.00 NO
Deposit – $10,000.00 – $10,000.00 NO
Funds for Borrower $0 $0 NO
Seller Credits $0 – $2,500.00 YES • See Seller Credits in Section L
Adjustments and Other Credits $0 – $1,035.04 YES • See details in Sections K and L
Cash to Close $16,054.00 $14,147.26
Use this table to see a summary of your transaction.
Use this table to see what has changed from your Loan Estimate.
5. Assumption
If you sell or transfer this property to another person, your lender
will allow, under certain conditions, this person to assume this
loan on the original terms.
will not allow assumption of this loan on the original terms.
Demand Feature
Your loan
has a demand feature, which permits your lender to require early
repayment of the loan. You should review your note for details.
does not have a demand feature.
Late Payment
If your payment is more than 15 days late, your lender will charge a
late fee of 5% of the monthly principal and interest payment.
Negative Amortization (Increase in Loan Amount)
Under your loan terms, you
are scheduled to make monthly payments that do not pay all of
the interest due that month. As a result, your loan amount will
increase (negatively amortize), and your loan amount will likely
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
may have monthly payments that do not pay all of the interest
due that month. If you do, your loan amount will increase
(negatively amortize), and, as a result, your loan amount may
become larger than your original loan amount. Increases in your
loan amount lower the equity you have in this property.
do not have a negative amortization feature.
Partial Payments
Your lender
may accept payments that are less than the full amount due
(partial payments) and apply them to your loan.
may hold them in a separate account until you pay the rest of the
payment, and then apply the full payment to your loan.
does not accept any partial payments.
If this loan is sold, your new lender may have a different policy.
Security Interest
You are granting a security interest in
456 Somewhere Ave., Anytown, ST 12345
You may lose this property if you do not make your payments or
satisfy other obligations for this loan.
CLOSING DISCLOSURE PAGE 4 OF 5 • LOAN ID # 1234567890
Loan Disclosures
Escrow Account
For now, your loan
will have an escrow account (also called an“impound”or“trust”
account) to pay the property costs listed below. Without an escrow
account, you would pay them directly, possibly in one or two large
payments a year. Your lender may be liable for penalties and interest
for failing to make a payment.
Escrow
Escrowed
Property Costs
over Year 1
$2,473.56 Estimated total amount over year 1 for
your escrowed property costs:
Homeowner’s Insurance
Property Taxes
Non-Escrowed
Property Costs
over Year 1
$1,800.00 Estimated total amount over year 1 for
your non-escrowed property costs:
Homeowner’s Association Dues
You may have other property costs.
Initial Escrow
Payment
$412.25 A cushion for the escrow account you
pay at closing. See Section G on page 2.
Monthly Escrow
Payment
$206.13 The amount included in your total
monthly payment.
No Escrow
Estimated
Property Costs
over Year 1
Estimated total amount over year 1.You
must pay these costs directly, possibly
in one or two large payments a year.
Escrow Waiver Fee
will not have an escrow account because you declined it your
lender does not offer one. You must directly pay your property
costs, such as taxes and homeowner’s insurance. Contact your
lender to ask if your loan can have an escrow account.
In the future,
Your property costs may change and, as a result, your escrow pay-
ment may change. You may be able to cancel your escrow account,
but if you do, you must pay your property costs directly. If you fail
to pay your property taxes, your state or local government may (1)
impose fines and penalties or (2) place a tax lien on this property. If
you fail to pay any of your property costs, your lender may (1) add
the amounts to your loan balance, (2) add an escrow account to your
loan, or (3) require you to pay for property insurance that the lender
buys on your behalf, which likely would cost more and provide fewer
benefits than what you could buy on your own.
Additional Information About This Loan
x
x
x
x
x
6. Contact Information
Confirm Receipt
Other Disclosures
Appraisal
If the property was appraised for your loan, your lender is required to
give you a copy at no additional cost at least 3 days before closing.
If you have not yet received it, please contact your lender at the
information listed below.
Contract Details
See your note and security instrument for information about
• what happens if you fail to make your payments,
• what is a default on the loan,
• situations in which your lender can require early repayment of the
loan, and
• the rules for making payments before they are due.
Liability after Foreclosure
If your lender forecloses on this property and the foreclosure does not
cover the amount of unpaid balance on this loan,
state law may protect you from liability for the unpaid balance. If you
refinance or take on any additional debt on this property, you may
lose this protection and have to pay any debt remaining even after
foreclosure. You may want to consult a lawyer for more information.
state law does not protect you from liability for the unpaid balance.
Refinance
Refinancing this loan will depend on your future financial situation,
the property value, and market conditions. You may not be able to
refinance this loan.
Tax Deductions
If you borrow more than this property is worth, the interest on the
loan amount above this property’s fair market value is not deductible
from your federal income taxes. You should consult a tax advisor for
more information.
By signing, you are only confirming that you have received this form. You do not have to accept this loan because you have signed or received
this form.
Applicant Signature Date Co-Applicant Signature Date
CLOSING DISCLOSURE PAGE 5 OF 5 • LOAN ID # 123456789
Total of Payments. Total you will have paid after
you make all payments of principal, interest,
mortgage insurance, and loan costs, as scheduled. $285,803.36
Finance Charge. The dollar amount the loan will
cost you. $118,830.27
Amount Financed. The loan amount available after
paying your upfront finance charge. $162,000.00
Annual Percentage Rate (APR). Your costs over
the loan term expressed as a rate. This is not your
interest rate. 4.174%
Total Interest Percentage (TIP). The total amount
of interest that you will pay over the loan term as a
percentage of your loan amount. 69.46%
Loan Calculations
x
Lender Mortgage Broker Real Estate Broker
(B)
Real Estate Broker
(S)
Settlement Agent
Name Ficus Bank FRIENDLY MORTGAGE
BROKER INC.
Omega Real Estate
Broker Inc.
Alpha Real Estate
Broker Co.
Epsilon Title Co.
Address 4321 Random Blvd.
Somecity, ST 12340
1234 Terrapin Dr.
Somecity, MD 54321
789 Local Lane
Sometown, ST 12345
45
987 Suburb Ct.
Someplace, ST 12340
123 Commerce Pl.
Somecity, ST 12344
NMLS ID 222222
ST License ID Z765416 Z61456 Z61616
Contact Joe Smith JIM TAYLOR Samuel Green Joseph Cain Sarah Arnold
Contact NMLS ID 12345 394784
Contact
ST License ID
P16415 P51461 PT1234
Email joesmith@
ficusbank.com
JTAYLOR@
FRNDLYMTGBRKR.CM
sam@omegare.biz joe@alphare.biz sarah@
epsilontitle.com
Phone 123-456-7890 333-444-5555 123-555-1717 321-555-7171 987-555-4321
Questions? If you have questions about the
loan terms or costs on this form, use the contact
information below. To get more information
or make a complaint, contact the Consumer
Financial Protection Bureau at
www.consumerfinance.gov/mortgage-closing?