If so, you can use Good Faith Estimate, as a basis for comparison between this lender and others. If the costs are similar, you may decide to continue with this lender.
If you would prefer to contact me directly for a recommendation of direct lenders, I can be reached at (562) 862-8943 or via email at firstname.lastname@example.org
Arlene Garcia Hanner, Broker
Also if you would like you can send me the good faith estimate and I will let you know exactly what you are being charged.
The downpayment is separate amount. If you are applying for FHA, the min. downpayment is 3.5% of the purchase price.
The breakdown of your payment will include:
Principal and Interest
HOA - for condos and townhomes
The escrow fee is another fee which is not included in your mortgage payment. You may need to ask your agent to request your closing cost to be paid by the seller. Please note that not all fees/closing costs on buyer's side are allowable; there are other fees that the seller is not allowed to pay. Please discuss this with your agent so you can prepare on how much exactly you will need at closing.
Century 21 My Real Estate Co.