Homebuyer

Funds For Closing

Homebuying Cost Estimate

The annual Property Tax amount is very important to these estimates. You can find this info under the "Price and tax history" section on zillow and under the "Property History" section on realtor.com.

Sales Price

Property Tax

Credit Score

Location:

Conventional

Cost Summary	Details
Sales Price :	$250,000.00
Down Payment (3.00%) :	$7,500.00
Closing Costs :	$13,143.92
SubTotal :	$20,643.92
Financed MIP :	-$0.00
K-Fit Funds :	-$12,500.00
You Need :	$8,143.92

Loan Summary

Loan Amount :	$242,500.00
Rate (APR) :	6.500%(7.14%)
Loan Type / Term :	Conv / 30yr Fixed

Payment Info

Principal & Int :	$1,532.76
Property Tax :	$233.33
MI :	$141.46
Ho Insurance :	$100.00
Total Pmt :	$2,007.56

FHA

Cost Summary	Details
Sales Price :	$250,000.00
Down Payment (3.50%) :	$8,750.00
Closing Costs :	$17,413.77
SubTotal :	$26,163.77
Financed MIP :	- $4,221.00
K-Fit Funds :	- $12,500.00
You Need :	$9,442.77

Loan Summary

Loan Amount :	$245,471.00
Rate (APR) :	6.250%(7.34%)
Loan Type / Term :	FHA / 30yr Fixed

Payment Info

Principal & Int :	$1,511.41
Property Tax :	$233.33
MI :	$110.57
Ho Insurance :	$100.00
Total Pmt :	$1,955.32

$2,007.56 /mos$8,143.92 - cash

Conv K-FIT

Cost Summary	Details
Sales Price :	$250,000.00
Down Payment (3.00%) :	$7,500.00
Closing Costs :	$13,143.92
SubTotal :	$20,643.92
K-Fit Funds :	-$12,500.00
You Need :	$8,143.92

Loan Summary

Loan Amount :	$242,500.00
Rate (APR) :	6.500%(7.14%)
Loan Type / Term :	Conv / 30yr Fixed

Payment Info

Principal & Int :	$1,532.76
Property Tax :	$233.33
MI :	$141.46
Ho Insurance :	$100.00
Total Pmt :	$2,007.56

$1,955.32 /mos $9,442.77 - cash

FHA K-FIT

Cost Summary	Details
Sales Price :	$250,000.00
Down Payment (3.50%) :	$8,750.00
Closing Costs :	$17,413.77
SubTotal :	$26,163.77
Financed MIP :	- $4,221.00
K-Fit Funds :	- $12,500.00
You Need :	$9,442.77

Loan Summary

Loan Amount :	$245,471.00
Rate (APR) :	6.250%(7.34%)
Loan Type / Term :	FHA / 30yr Fixed

Payment Info

Principal & Int :	$1,511.41
Property Tax :	$233.33
MI :	$110.57
Ho Insurance :	$100.00
Total Pmt :	$1,955.32

County Requirements:

Buyer Type: First-Time buyer only (or has not owned a home in the past 3 years).
Price Limit: $0.00
Income Limits:
- 1-2 People: $0.00
- 3 or more: $0.00
Retain less than $50k in liquid assets after closing

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Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Loan Costs
A. Origination Charges
0.000% of Loan Amount (Points)	$0.00
Origination Fee	$1,245.00

B. Services You Cannot Shop For
Appraisal Fee	$550.00
Credit Report	$95.00
Flood Certification	$13.00
MERS(R) Registration Fee	$11.95
Mortgage Insurance Premium	$0.00

C. Services You Can Shop For
Title - Closing Protection Letter	$125.00
Title - E-Doc Delivery Fee	$140.00
Title - Lender's Title Insurance	$1,880.00
Title - Notary Fee	$39.00
Title - Settlement Fee	$150.00
Title - Tax Certification	$145.00
Title - Endorsements	$300.00
Termite Inspection	$150.00
Realtor Transaction Fee	$395.00
Home Inspection(Optional)	$395.00

Other Costs
E. Taxes & Government Fees
Recording Fees & Other Taxes	$483.50
Transfer Taxes	$2,500.00

F. Prepaids
Homeowner's Ins Premium (12 Mos)	$1,200.00
Mortgage Ins Premium (0 mos)	$ 0.00
Prepaid Interest(1 days @$43.18)	$43.18
Property Taxes (12 mos @ $233.33)	$2,799.96

G. Initial Escrow Payments
Homeowner's Ins (2 mos @ $100.00)	$200.00
Mortgage Ins (0 mos @ $0.00)	$ 0.00
Property Taxes (1 mos @ $233.33)	$233.33

H. Other
Title-Owner's Policy (optional)	$ 50.00

Calculating Cash to Close
J. Total Costs (D+I)	$13,143.92
MI Financed/UFMIP	- $0.00
Down Payment (3.00%)	+ $7,500.00
K-FIT Funds	- $12,500.00

Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Loan Costs
A. Origination Charges
0.000% of Loan Amount (Points)	$0.00
Origination Fee	$1,245.00

B. Services You Cannot Shop For
Appraisal Fee	$600.00
Credit Report	$95.00
Flood Certification	$13.00
MERS(R) Registration Fee	$11.95
Mortgage Insurance Premium	$4,221.00

C. Services You Can Shop For
Title - Closing Protection Letter	$125.00
Title - E-Doc Delivery Fee	$140.00
Title - Lender's Title Insurance	$1,880.00
Title - Notary Fee	$39.00
Title - Settlement Fee	$150.00
Title - Tax Certification	$145.00
Title - Endorsements	$300.00
Termite Inspection	$150.00
Realtor Transaction Fee	$395.00
Home Inspection(Optional)	$395.00

Other Costs
E. Taxes & Government Fees
Recording Fees & Other Taxes	$483.50
Transfer Taxes	$2,500.00

F. Prepaids
Homeowner's Ins Premium (12 Mos)	$1,200.00
Mortgage Ins Premium (0 mos)	$ 0.00
Prepaid Interest(1 days @$42.03)	$42.03
Property Taxes (12 mos @ $233.33)	$2,799.96

G. Initial Escrow Payments
Homeowner's Ins (2 mos @ $100.00)	$200.00
Mortgage Ins (0 mos @ $0.00)	$ 0.00
Property Taxes (1 mos @ $233.33)	$233.33

H. Other
Title-Owner's Policy (optional)	$ 50.00

Calculating Cash to Close
J. Total Costs (D+I)	$17,413.77
Down Payment (3.50%)	+ $8,750.00
MI Financed/UFMIP	- $4,221.00
K-FIT Funds	- $12,500.00

Homebuying Cost Estimate

Conventional

FHA

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