Loan Estimate $ NO. Loan Terms. Loan Amount $ NO. Interest Rate 1.75% NO
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1 Pennsylvania Housing Finance Agency 211 N. Front Street Harrisburg, PA Save this Loan Estimate to compare with your Closing Disclosure. Loan Estimate DATE ISSUED APPLICANTS PROPERTY PROP. VALUE LOAN TERM PURPOSE PRODUCT LOAN TYPE LOAN ID # Home Equity Loan Fixed Rate Conventional FHA VA RATE LOCK NO Yes, until Before closing, your interest rate, points and lender credits can change unless you lock the interest rate. All other estimated closing costs expire on Loan Terms Can this amount increase after closing? Loan Amount NO Interest Rate 1.75% NO Monthly Principal & Interest See Projected Payments below for your Estimated Total Monthly Payment Prepayment Penalty Balloon Payment NO Does the loan have these features? NO NO Projected Payments Payment Calculation Years 1-10 Principal & Interest Mortgage Insurance Estimated Escrow Amount can increase over time Estimated Total Monthly Payment This estimate includes In escrow? Estimated Taxes, Insurance & Assessments Amount can increase over time a month Property Taxes NO Homeowner s Insurance NO Other: See Section G on page 2 for escrowed property costs. You must pay for other property costs separately. Costs at Closing Estimated Closing Costs Includes in Loan Costs + _ in Other Costs In Lender Credits. See page 2 for details. Estimated Cash to Close Includes Closing Costs. See Calculating Cash to Close on page 2 for details. From To Borrower Visit for general information and tools. Page 1 of 3 Loan ID#
2 Closing Cost Loan Costs Other Costs A. Origination Charges E. Taxes and Other Government Fees 0% of Loan Amount (Points) Recording Fees and Other Taxes Borrower Share Transfer Taxes Participant Comp. Offset F. Prepaids Homeowner s Insurance Premium ( months) Mortgage Insurance Premium ( months) Prepaid Interest ( per day for days@ ) Property Taxes ( mo ) F. Initial Escrow Payment at Closing B. Services You Cannot Shop For Homeowner s Insurance per month for mo. Credit Report(s) Mortgage Insurance per month for mo. Title/Lien Search(es) Property Taxes per month for mo. L of L Flood Cert. H. Other C. Services You Can Shop For Notary Charges I. TOTAL OTHER COSTS (E + F + G + H) J. TOTAL CLOSING COSTS D + I Lender Credits Calculating Cash to Close Loan Amount Total Closing Costs (J) D. TOTAL LOAN COSTS (A + B + C) Estimated Total Payoffs and Payments Estimated Cash to Close From To Borrower Estimated Closing Costs Financed (Paid from your Loan Amount) Page 2 of 3 Loan ID#
3 Additional Information about this Loan LENDER Pennsylvania Housing Finance Agency NMLS/LICENSE ID N/A LOAN OFFICER Coleen Baumert NMLS/LICENSE ID PHONE MORTGAGE BROKER NMLS/LICENSE ID LOAN OFFICER NMLS/LICENSE ID PHONE Comparisons Use these measures to compare this loan with other loans. In 5 Years Total you will have paid in principal, interest, mortgage insurance and loan costs. Principal you will have paid off. Annual Percentage Rate (APR) % Your costs over the loan term expressed as a rate. This is not your interest rate. Total Interest Percentage (TIP) % The total amount of interest you will pay over the loan term as a percentage of your loan amount. Other Considerations Appraisal Assumption Late Payment Refinance Servicing We may order an appraisal to determine the property s value and charge you for this appraisal. We will promptly give you a copy of any appraisal, even if your loan does not close. You can pay for an additional appraisal for your own use at your own cost. If you sell or transfer this property to another person, we will allow, under certain conditions, this person to assume this loan on the original terms. will not allow assumptions of this loan on the original terms. If your payment is more than 15 days late, we will charge a late fee of 5% the monthly principal and interest payment up to Refinancing this loan will depend on your future financial situation, the property value, and market conditions. You may not be able to refinance this loan. We intend to service your loan. If so, you will make your payments to us. to transfer servicing of your loan. Confirm Receipt By signing, you are only confirming that you have received this form. You do not have to accept this loan because you have signed or received this form. Applicant signature Date Co-Applicant Signature Date Page 3 of 3 Loan ID#
4 Additional Details For Services You Can Shop For To get you started with shopping, this list identifies some providers for the services you can shop for (see Section C on page 2 of your Loan Estimate). Service Provider List You can select these providers or shop for your own providers. Service Estimate Provider We Identified Contact Information Applicants: Date Issued: Loan ID#:
5 Additional Details For Services You Cannot Shop For Service Provider List You can only select from these providers for these services. Service Estimate Provider We Identified Contact Information Credit Report(s) Title/Lien Search(es) Life of Loan Flood Cert. Applicants: Date Issued: Loan ID#:
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