Mortgage Calculator by CU Mortgage & Realty Center
Estimated Closing Costs
This calculator provides an
estimate
of typical closing costs. We must remind you this is
only
an
estimate.
Your Good Faith Estimate of Closing Costs will be provided by the Credit Union with the processing of an application.
Change
amount in "Green" areas, "Yellow" costs are "LOCKED" input or calculated.
"Calculate" Buttons are provided below with the
"TOTAL"
Button at bottom of form.
Sale price of home or estimate of value if refinancing:
$
If Refinancing - Enter the balance of mortgage being PAID OFF:
$
If Refinancing - Enter the balance of mortgage being REQUESTED:
$
If Purchasing - Enter Down Payment as either $ or as % amount:
Less $
Equals:
Calculated
Mortgage Amount:
$
Interest Rate - Enter from our rate sheet as decimal without "%" percent sign:
%
Loan discount points - Enter the number from our rate sheet with decimal:
ITEMS PAYABLE IN CONNECTION WITH LOAN:
Equals:
Calculated
Discount Point(s) Amount:
$
Appraisal fee
$
Credit Report fee
$
Tax Related Service fee
$
Processing fee
$
Underwriting fee
$
Application fee
$
Document Preparation fee
$
Courier / Overnight Mailing fee
$
Flood Zone Determination fee
$
ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE :
Prepaid interest. Enter days from settlement and end of month:
$
First Year's Homeowner's (Hazard) Insurance Premium
$
INITIAL ESCROW ACCOUNT DEPOSITS (RESERVES):
Homeowner's (Hazard) Insurance Premium: Months Escrowed:
$
Annual Property Taxes and Assessments
$
Annual Property Taxes and Assessments: Months Escrowed:
$
TITLE CHARGES:
Calculated
Title Company Charges and Title Insurance (Mortgagee Coverage)
$
Transfer Tax on Deed and Title Insurance (based on Sale Price)
$
GOVERNMENT RECORDING & TRANSFER CHARGES:
Recording Fees (Mortgage & Assignment)
$
City/County Tax/Stamps (
Intangible Tax
)
$
State Tax Stamps on Mortgage
$
ADDITIONAL SETTLEMENT CHARGES:
Termite and Pest Inspection
$
Survey
$
TOTAL ESTIMATED SETTLEMENT CHARGES PLUS PREPAID ITEMS
$
WORKSHEET RESULTS SUMMARY:
Purchase Price or Payoff if Refinance (CALCULATED ABOVE)
$
Mortgage Amount (CALCULATED ABOVE)
$
Estimated Closing Costs Portion (CALCULATED ABOVE)
$
Estimated Prepaid & Escrow Costs Portion (CALCULATED ABOVE)
$
TOTAL ESTIMATED FUNDS:
$