Asked by Elle Choi, San Jose, CA • Thu Dec 23, 2010
Loan Amount: $480,000
Loan Term: 30 years
Initial Interest Rate: 5%
Monthly Amount: $2576.74
Origination Charge: $6790
Credit received: $4800 for interest rate of 5% / -$4800
Adjusted Origination Charges: $1990
Appraisal Fee: $1000
Title Services/Lender's Title Insurance: $2626
Owner's Title: $344
Govt Recording chargers: $550
Deposit for Escrow: $1000
Daily Interest Charges: $1972.60
Homeowner's Insurance: $1500
Charges for All other Settlement Services:$8992.60
Total Settlement Charges: $10,982.60
The APR is 5.059%
I don't understand the Amount Financed and why it is $476787.40 and not $480,000?
any responses greatly appreciated...THANK YOU!
Real Estate in Palisades Park
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