FYI: closing cost more than $7000 looks high, but anyway, reduce the monthly payment
A. Origination Charges $1,861.12 01 0.848% of Loan Amount (Points) $1,221.12 02 Lender Origination Fee $640.00
B. Services Borrower Did Not Shop For $1,810.75 01 Credit Report Fee to CoreLogic Credco $30.00 02 Flood Certification Fee to CoreLogic Flood Services, LLC $3.75 03 Life of Loan Flood Monitoring to CoreLogic Flood Services, LLC $8.00 04 Tax Service Fee to Corelogic Tax Services llc $79.00 05 Title – ALTA 5 Endorsement to Wfg National Title Company $32.00 06 Title – ALTA 8.1 Endorsement to Wfg National Title Company $32.00 07 Title – ALTA 9 Endorsement to Wfg National Title Company $250.00 08 Title – Closing/Escrow Fee to Wfg National Title Company $350.00 09 Title – Lender's Title Insurance to Closing Insight $1,026.00 10 C. Services Borrower Did Shop For
D. TOTAL LOAN COSTS (Borrower-Paid) $3,671.87 Loan Costs Subtotals (A + B + C) $3,641.87 $30.00 Other Costs E. Taxes and Other Government Fees $90.00 01 Recording Fees Deed: Mortgage: $90.00 $90.00 02 F. Prepaids $2,272.85 01 Homeowner's Insurance Premium ( mo.) 02 Mortgage Insurance Premium ( mo.) 03 Prepaid Interest ($10.36 per day from 11/8/21 to 12/1/21) $238.28 04 Property Taxes (12 mo.) $2,034.57 05 G. Initial Escrow Payment at Closing $1,298.02 01 Homeowner's Insurance $93.58 per month for 7 mo. $655.06 02 Mortgage Insurance per month for mo. 03 Property Taxes $339.10 per month for 4 mo. $1,356.40
08 Aggregate Adjustment $-713.44 H. Other
I. TOTAL OTHER COSTS (Borrower-Paid) $3,660.87 Other Costs Subtotals (E + F + G + H) $3,660.87 J. TOTAL CLOSING COSTS (Borrower-Paid) $7,332.74 Closing Costs Subtotals (D + I) $7,302.74 $30.00 Lender Credits
FYI: closing cost more than $7000 looks high, but anyway, reduce the monthly payment
A. Origination Charges $1,861.12
01 0.848% of Loan Amount (Points) $1,221.12
02 Lender Origination Fee $640.00
B. Services Borrower Did Not Shop For $1,810.75
01 Credit Report Fee to CoreLogic Credco $30.00
02 Flood Certification Fee to CoreLogic Flood Services, LLC $3.75
03 Life of Loan Flood Monitoring to CoreLogic Flood Services, LLC $8.00
04 Tax Service Fee to Corelogic Tax Services llc $79.00
05 Title – ALTA 5 Endorsement to Wfg National Title Company $32.00
06 Title – ALTA 8.1 Endorsement to Wfg National Title Company $32.00
07 Title – ALTA 9 Endorsement to Wfg National Title Company $250.00
08 Title – Closing/Escrow Fee to Wfg National Title Company $350.00
09 Title – Lender's Title Insurance to Closing Insight $1,026.00
10
C. Services Borrower Did Shop For
D. TOTAL LOAN COSTS (Borrower-Paid) $3,671.87
Loan Costs Subtotals (A + B + C) $3,641.87 $30.00
Other Costs
E. Taxes and Other Government Fees $90.00
01 Recording Fees Deed: Mortgage: $90.00 $90.00
02
F. Prepaids $2,272.85
01 Homeowner's Insurance Premium ( mo.)
02 Mortgage Insurance Premium ( mo.)
03 Prepaid Interest ($10.36 per day from 11/8/21 to 12/1/21) $238.28
04 Property Taxes (12 mo.) $2,034.57
05
G. Initial Escrow Payment at Closing $1,298.02
01 Homeowner's Insurance $93.58 per month for 7 mo. $655.06
02 Mortgage Insurance per month for mo.
03 Property Taxes $339.10 per month for 4 mo. $1,356.40
08 Aggregate Adjustment $-713.44
H. Other
I. TOTAL OTHER COSTS (Borrower-Paid) $3,660.87
Other Costs Subtotals (E + F + G + H) $3,660.87
J. TOTAL CLOSING COSTS (Borrower-Paid) $7,332.74
Closing Costs Subtotals (D + I) $7,302.74 $30.00
Lender Credits
$136,000 payoff
用，干脆多cash out一些钱出来，利率这么低的机会不多了。
You will break even in two years. Still worth it.
That also is considered as saving to my understanding. postponing payment is kind of saving money. what do you think of?
The closing will take your nov. payment, and the dec. payment is due Jan. 1. I don't think you are postponding anything.
This 2 months without montly payment is only good for people that are so tight on cash they needed a break. For you it makes little difference.