I am rounding some of the amounts to the nearest dollar.
Home price=221K
annual taxes = $6500
downpayment=20%
Closing date=7/25/2009
locked rate=4.750% 15 yr fixed
APR= 5.016
GFE DETAILS:
==========
PFC=Prepaid finance Charges
SC= Settlement Charges
901 =prepaid interest 30 days 23.01 day = $699 (PFC)
808 = tax service fee to lender =$60 (PFC)
811= wire transfer fee to lendr=$17 (PFC)
812= processing fee to broker =$795 (PFC)
813=adminstration fee to lender=$795(PFC)
=MERS fee to lender =$7 (PFC)
1101=settlement fee =$700 (PFC)
1108=title insurance premium =$315 (SC)
1201= recording fee =$132 (SC)
814= flood fee to lender =$12 (PFC)
803= appraisal fee to lender =$300 (SC)
804= credit report fee =$50 (SC)
Totals= $3080(Prepaid finance)
= $797 (settlement charges)
Loan Amount= 176,800K
prepaid finance = $3080
Amount financed = $173,700
total settlement =$797
1004 = County tax reserves = $1100
1008= aggregate escrow = $550
amount given to you = $172,300
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Looks good to me. That’s a great rate!
It looks great! You are being charged a very fair amount in fees and your rate is excellent!