Breakdown of Guaranteed Non-Recurring Closing Costs for Refinance
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Examples of non-recurring closing costs (excludes Net Points or Net Rebate, Property Taxes, Accrued Interest and/or Home Owner's Insurance) for a typical owner occupied refinance at 60% LTV base pricing.
CONFORMING $453,100 • HIGH BALANCE CONFORMING $679,650 • JUMBO $679,700+
|Lender Origination Fee:||$975 ** Based on lender|
|Broker Origination Fee:||$550 + 1% or 1.175% based on loan amount ** View Lender Rebate Pricing towards costs.|
|Credit Report:||$40 ** Married joint applicants|
|Appraisal Report:||$525 ** Base fee|
|Total A =||$2090+|
|Total B = Escrow/Title Fees||$_______ see below chart|
|Total C = Estimated Non-Recurring Costs||$_______ see below chart|
Please now select your loan amount from the following chart:
|Loan Amount||Total A +||Total B||= Total C*|
|$100000 - $250000||$2090||$940||$3030||** Lender Rebate Credit Can Reduce Costs.|
|$250001 - $500000||$2090||$1065||$3155||** Lender Rebate Credit Can Reduce Costs.|
|$500001 - $750000||$2090||$1195||$3285||** Lender Rebate Credit Can Reduce Costs.|
|$750001 - $1000000||$2090||$1280||$3370||** Lender Rebate Credit Can Reduce Costs.|
|$1000001 - $1500000||$2090||$1565||$3655||** Lender Rebate Credit Can Reduce Costs.|
|$1500001 - $2000000||$2090||$1855||$3945||** Lender Rebate Credit Can Reduce Costs.|
*Costs may vary due to the type of property, location, and/or appraised value.
PURCHASE borrower's should verify costs with their own Realtor, Escrow & Title Agents. Please promptly provide Loans4Less.com with an itemized Estimated HUD 1 Settlement Statement worksheet covering both the Buyer and the Seller's closing costs. Please verify charges for: Escrow Closing Agent, Title Insurance Policy, Property Inspection, Pest Control, Home Owner's Liability Insurance, City Transfer Taxes, Property Taxes prorations and/or other charges, if any, with your Real Estate and Escrow Agents.
Other Fees that can apply:
$200 Subordination fee (Cost may vary according to your junior lien holder).
$175 Homeowners Associate PUD/CONDO Certificate (costs may vary).
THE ABOVE COSTS ARE GUARANTEED. THE INTEREST RATE AND NET POINTS ARE GUARANTEED IF THE RATE IS LOCKED IN AND YOUR LOAN FUNDS BY THE LOCK EXPIRATION DATE.
The amounts listed represent typical closing costs paid for standard Conforming and Jumbo loans. However, there may be additional closing costs that could apply to your particular loan program. For example, appraisal costs may vary according to property value, type and location.
CALIFORNIA ESCROW & TITLE INCLUSIVE REFINANCE CLOSING COST PACKAGE:
Loans4Less has arranged for a very competitive centralized Escrow & Title all-inclusive refinance closing cost package offered through Stewart Title of California. This is available on refinance loans for one-to-four unit residential properties.
TYPICAL CHARGES THAT ARE NOT INCLUDED:
[Not limited to]: Recording fees, transfer taxes and/or any other governmental fees or charges.
Loan programs are subject to certain factors such as the loan amount and availability. Unless and until your interest rate is locked in the [APR] Annual Percentage Rate and terms are subject to change without notice. This includes the note rate, points, rebates and/or closing costs. Rates and APR's may fluctuate or vary depending on loan parameters such as [LTV] Loan-To-Value, credit scoring, property type and/or occupancy. [ARM] Adjustable Rate Mortgage rates are subject to change and can increase during the loan term.
Rates and APR's assume No Impounds known by some as an Escrow Account for property taxes, hazard insurance and/or mortgage insurance, if applicable.
Applicable to refinance transactions: Closing costs are guaranteed by Loans4Less.com if you use the service providers on the Loan Estimate list. You may Shop for other service providers, you cannot shop for Appraisal or Credit Reporting Services. Please get a Lender's Estimate for further details.
When receiving a Net Rebate Credit towards your closing costs please be advised that the amount cannot exceed allowable closing costs as dictated by the Lender. Allowable closing costs are generally all the non-recurring costs, prorated accrued interest on the new loan, Annual premium renewals for homeowner's insurance and 1st or 2nd Half Property Taxes. In some instances Lenders may allow excess any overage rebate credit to be applied to Principal Curtailment or Mortgage Principal Reduction on the Final Settlement HUD 1 Statement.