| TOTAL NON-RECURRING COSTS: |
| MONTHLY PAYMENTS: | CASH TO CLOSE: |
| Principal + Interest: | | Down Payment: | |
| Insurance: | | Est. Closing Costs: | |
| Taxes: | | Reserves (2 mo PITI): | |
| PMI: | | | |
| HOA Dues: | | | |
| TOTAL PAYMENTS: | CASH TO CLOSE: |
This estimate, based upon the above proposed purchase price, type of financing and projected closing date, has been prepared to assist Buyer
in computing his/her costs. Lender, title companies and escrow holders may vary in their charges. Expenses will also vary according to expenses
for required repairs, if any, and other items. Therefore, these figures cannot be guaranteed by the Broker or his/her representatives. All estimates
and information are from sources believed to be reliable, but not guaranteed.
Buyer: _________________________________________________ DATE: _______________
Buyer: _________________________________________________ DATE: _______________
Email form to this address:
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1. TAX RESERVE: Required on conventional loans with less than 20% equity. If the new loan is going to have impound
account, the lender will require from 2-10 months taxes be deposited upon the time of the year. Note: If taxes are
pro-rated, buyer's total charge for taxes could equal about 6 months taxes.
2. FIRE INSURANCE: Standard insurance coverage required by most lenders, normally paid 1 year in advance.
3. FIRE INSURANCE RESERVE: Required on conventional loans with less than 20% equity.
4. PMI INSURANCE RESERVE: Private Mortgage Insurance (PMI) is charged on conventional loans in excess
of 80% of Loan to Value (LTV) Check with your lender for quote.
5. INTEREST FROM COE: 30 days interest on loan amount. Interest must be paid from close of escrow to 30 days
prior to the first regular mortgage payment.
6. LOAN ORIGINATION FEES: Lender's fee for establishing a new loan.
7. CREDIT REPORT: A en evaluation of the buyer's credit history, required by the lender.
8. APPRAISAL REPORT: Paid to obtain an estimate of market value upon which the lender will base the loan amount.
9. PROCESSING FEE: Charged by the lender for loan processing. Normal charge is approximately $350.00.
10. DRAWING FEE: Charged by the lender to draw the closing documents. Normal charge is approximately $450.00.
11. A.L.T.A. TITLE POLICY: An extended policy with more specific coverage than the C.L.T.A. Standard Title Policy
It covers unrecorded liens and is based on loan amount only, and is required by most lenders.
12. ESCROW FEE: Charge made by an escrow company for the work of handling the escrow. It is a function
separate from title insurance. Customarily procedure to divide cost between Buyer/Seller. However, negotiable.
13. TAX SERVICE FEE: A tax service company that verifies for the lender than the taxes have been paid. This also
removes the seller from the tax role and places the buyer on.
14. NOTARY & RECORDING, ETC.: Fee is established by the state ($10.00 per signature). Recording Fees - paid to
county recorder for each recorded document.
15. WIRE TRANSFER: Cost to wire transfer all monies to lender for recording.
16. CITY TRANSFER TAX: A municipal tax imposed with the corporate limits of the City of Sacramento. The cost is
.00275 per thousand of sales price. Customary procedure is to divide the cost between Buyer/Seller.
17. PEST CONTROL INSPECTION: A charge by the termite company for inspecting the property for damage due to
wood destroying organisms or water damage.
18. ROOF INSPECTION: Inspection conducted by roofing company to determine condition of roof.
19. PROPERTY INSPECTION: Inspection conducted by property inspector to determine the condition of
property, report findings and refer to specialists if needed.
20. POOL/SPA INSPECTION: Inspection conducted by inspector to determine the condition of pool/spa and equipment,
report findings, and suggest needed repairs.
21. OTHER INSPECTIONS: Any further inspections requested by buyer to determine condition of property.
22. TRANSACTION FEE:
26. OTHER: An estimate of $250.00 should be adequate for miscellaneous fees other than above. This could
include Buyer's Non-Recurring closing costs if requested.
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