Loan Estimate Form Template

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
DATE ISSUED
2/15/2013
APPLICANTS
Michael Jones and Mary Stone
123 Anywhere Street
Anytown, ST 12345
PROPERTY
456 Somewhere Avenue
Anytown, ST 12345
SALE PRICE
$180,000
LOAN TERM
30 years
PURPOSE
Purchase ce
PRODUCT
Fixed Rate
LOAN TYPE
x
Conventional FHA VA _____________
LOAN ID #
1234567891330172608
RATE LOCK
NO
x
YES, until 4/16/2013 at 5:00 p.m. EDT
FICUS BANK
4321 Random Boulevard • Somecity, ST 12340
Loan Estimate
Projected Payments
Payment Calculation Years 1-7 Years 8-30
Principal & Interest
Mortgage Insurance
Estimated Escrow
Amount can increase over time
$761.78
+ 82
+ 206
$761.78
+
+ 206
Estimated Total
Monthly Payment
$1,050 $968
Estimated Taxes, Insurance
& Assessments
Amount can increase over time
$206
a month
Before closing, your interest rate, points, and lender credits can
change unless you lock the interest rate. All other estimated
closing costs expire on 3/4/2013 at 5:00 p.m. EDT
Save this Loan Estimate to compare with your Closing Disclosure.
See Section G on page 2 for escrowed property costs. You must pay for other
property costs separately.
This estimate includes In escrow?
x
Property Taxes
YES
x
Homeowner’s Insurance
YES
Other:
Costs at Closing
Estimated Closing Costs
$8,054 Includes $5,672 in Loan Costs + $2,382 in Other Costs – $0
in Lender Credits.
See page 2 for details.
Estimated Cash to Close
$16,054 Includes Closing Costs.
See Calculating Cash to Close on page 2 for details.
Page 1/3
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Loan Estimate Form Template PDF

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