Loan Estimate Form Template
LENDER
Ficus Bank
NMLS/__ LICENSE ID
LOAN OFFICER
Joe Smith
NMLS/__ LICENSE ID
12345
EMAIL
joesmit[email protected]k.com
PHONE
123-456-7890
Comparisons
Use these measures to compare this loan with other loans.
In 5 Years
$56,582 Total you will have paid in principal, interest, mortgage insurance, and loan costs.
$15,773 Principal you will have paid off.
Annual Percentage Rate (APR)
4.274%
Your costs over the loan term expressed as a rate. This is not your interest rate.
Total Interest Percentage (TIP)
69.45%
The total amount of interest that you will pay over the loan term as a
percentage of your loan amount.
We may order an appraisal to determine the property’s value and charge you for this
appraisal. We will promptly give you a copy of any appraisal, even if your loan does not close.
You can pay for an additional appraisal for your own use at your own cost.
If you sell or transfer this property to another person, we
will allow, under certain conditions, this person to assume this loan on the original terms.
x
will not allow assumption of this loan on the original terms.
This loan requires homeowner’s insurance on the property, which you may obtain from a
company of your choice that we find acceptable.
If your payment is more than 15 days late, we will charge a late fee of 5% of the monthly
principal and interest payment.
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.
We intend
to service your loan. If so, you will make your payments to us.
x
to transfer servicing of your loan.
Appraisal
Assumption
Homeowner’s
Insurance
Late Payment
Refinance
Servicing
Other Considerations
Additional Information About This Loan
MORTGAGE BROKER
NMLS/__ LICENSE ID
LOAN OFFICER
NMLS/__ LICENSE ID
EMAIL
PHONE
Confirm Receipt
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
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Loan Estimate Form Template PDF
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