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900 Items Required to be paid in Advanced
901 Interest $48.84/day ?
902 Mortgage Insurance
903 Hazard Insurance
1000 Reserves Deposited with Lender
1001 Hazard Insurance
1002 Mortgage Insurance
1003 City Property Taxes 4 Months $1,763.00
1004 County Property Taxes
1005 Annual Assessments
1100 Title Charges
1101 Closing Fee $850.00 Pd BoA
1102 Abstract or Title Search $150.00 Pd BoA
1108 Title Fee $1,835.00 Pd BoA
1111 Special Assessment $150.00
1122 Spection Assessment Serach Fee $75.00 Pd BoA
1125 Courier Fee $75.00 Pd BoA
1200 Governemtn Recording and Transfer
1201 Recording Fee $175.00 Pd BoA
1202 City/County Tax
1203 Stat Tax
Total $2,357.60 Closing Cost.
I'm currently looking at a loan for $292.5k, I'm putting down 10% (which would equal $325k purchase price). BoA quoted me at 5.75 at .152% Discount Fee or 5.35% with .705% discount fee.
The sweet deal with BoA is it seems they pay for everything even PMI. Which in my case would be $190 per month. Surprising, it seems there are more positive responses to BoA than negative. Loan is in NJ.
900 Items Required to be paid in Advanced
901 Interest $48.84/day ?
902 Mortgage Insurance
903 Hazard Insurance
1000 Reserves Deposited with Lender
1001 Hazard Insurance
1002 Mortgage Insurance
1003 City Property Taxes 4 Months $1,763.00
1004 County Property Taxes
1005 Annual Assessments
1100 Title Charges
1101 Closing Fee $850.00 Pd BoA
1102 Abstract or Title Search $150.00 Pd BoA
1108 Title Fee $1,835.00 Pd BoA
1111 Special Assessment $150.00
1122 Spection Assessment Serach Fee $75.00 Pd BoA
1125 Courier Fee $75.00 Pd BoA
1200 Governemtn Recording and Transfer
1201 Recording Fee $175.00 Pd BoA
1202 City/County Tax
1203 Stat Tax
Total $2,357.60 Closing Cost.
I'm currently looking at a loan for $292.5k, I'm putting down 10% (which would equal $325k purchase price). BoA quoted me at 5.75 at .152% Discount Fee or 5.35% with .705% discount fee.
The sweet deal with BoA is it seems they pay for everything even PMI. Which in my case would be $190 per month. Surprising, it seems there are more positive responses to BoA than negative. Loan is in NJ.
-sorry for the long post-
lender fee, hazard insurance premium, survey fee, title insurance, attorney fees are missing. there are no taxes and asessment reserves with lender
I do not do loans in GA anymore, but did for several yrs. If you want me to look at the GFE and give you a clear understanding of what is, and what is not on there that you will have to pay, send it to me as a direct message. I am now a broker in TN and with the current rates, you may want to look elsewhere. Not trying to mess you up, but a lot of the banks are using a "packaged fee" and are leaving out the information on a number of the title fees and state fees.
Remember - the state will always get their portion of whatever you do, and you will pay it at closing, especially in GA
it's not high at all for a regular loan...but if it's a no closing cost loan...then the APR should be like 5.75-5.79
Quote:
Originally Posted by shawn0000
I have to call to see what would be the APR on the 5.35% but the APR on 5.75% would be 5.815% Seems a little high to me for some reason..
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