Loan Options Comparison

Prepared for LAKSHMAIAH AMBATI (#L0010574615 )

Issued 01/08/2020

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

S C E NA RIO S C E NA RIO
1 - 615000 2 - 615000

Loan Program Conv HB Fixed Conv HB Fixed

30 Year 30 Year

Estimated Value $ 800,000.00 800,000.00

Base Loan Amount $ 615,000.00 615,000.00
Up Front MI P/ VA Funding Fee $ - -
Total Loan Amount $ 615,000.00 615,000.00

Interest Rate 3.375% 3.500%

APR 3.460% 3.538%
Discount Points/Lender Credits 0.709% 0.121%

Principal & Interest $ 2,718.89 2,761.62

Property Tax $ 666.67 666.67
Homeowners Insurance $ 100.00 100.00
Total Monthly Payment $ 3,485.56 3,528.29

Debts to be Paid Off $ 606,374.00 606,374.00

Prepaids & Reserves $ 1,308.01 1,356.31
Closing Costs $ 3,369.05 3,369.05
Discount Points/Lender Credits $ 4,360.35 744.15

Total Loan Amount $ 615,000.00 615,000.00

Cash to/from Borrower $ 411.41 (3,156.49)

E ric Archer
Licensed Lending Officer
N M L S # 7931

( 949 ) 652-4122
( 888 ) 760-7046 ext.5322
IRVINE, CALIFORNIA
( 833 ) 945-0023
EArcher@loandepot.com 2600 Michelson Dr. #1400
https://www.loandepot.com Irvine, CA 92612

Rat es, t er ms, an d availab ilit y o f p r o g r ams ar e su b jec t t o c h an g e wit h o u t n o t ic e. lo an D ep o t . c o m, L L C NML S ID 174457. Lic en sed b y t h e D ep ar t men t o f B u sin ess Over sig h t u n d er t h e
Calif o r n ia Resid en t ial Mo r t g ag e Len d in g Ac t CRML A 4131040. Eq u al h o u sin g o p p o r t u n it y. © lo an D ep o t 2020