Information About Yourself |
Is This Loan for the Purchase of a Property or a Refinance? |
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Expected Years in House, Cannot Exceed Term |
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What Do You Expect Your Down Payment to Be? |
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Income Tax Bracket ( e.g. 27 ) |
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Loan Amount (e.g. 100000) |
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Will Mortgage Insurance be Deductible for You? |
Yes
No
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Basic Loan Information |
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FRM |
ARM |
Initial Interest Rate on Loan (e.g. 7.50) |
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Points (% of Loan) |
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Loan Term (in years) |
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Other Upfront Fees and Charges —(May be Entered as a % of Loan or $$ Amount) |
Type of Fee |
FRM |
ARM |
Application Fee (Usually a $$ Amount) |
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Commitment Fee (% of Loan) |
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Origination Fee (Usually % of Loan) |
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Mortgage Broker Fee (Usually % of Loan) |
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Credit Report ($$ Amount) |
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Appraisal ($$ Amount) |
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All Other Fees Paid to Lender |
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Mortgage Insurance (Monthly Premium in dollars) |
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Payment Information — (ARM Only) |
Initial Monthly Payment of Principal and Interest (e.g., 753.45) |
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Payment Adjustment Period, in Months (e.g., 12) |
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Payment Adjustment Cap, in Percent (e.g., 7.5 - if no cap, leave blank) |
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Payment Recast Period, in Years (e.g., 5 - if no recast period, leave blank) |
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Negative Amortization Cap, in Percent (e.g., 110 - if no cap, leave blank) |
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Interest Rate Information — (ARM Only) |
Current Value of ARM Interest Rate Index ( e.g. 1.54 ) |
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Margin That is Added to Interest Rate Index (e.g. 2.75) |
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Number of Months to First Rate Adjustment (e.g. 36) |
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Duration, in Months, Between Subsequent Rate Adjustments (e.g. 12) |
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Maximum Interest Rate Over Life of Mortgage (e.g. 12.5) |
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Minimum Interest Rate Over Life of Mortgage (e.g. 4.5) |
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Assumptions About Future Interest Rates — (ARM Only) |
Stable Index: — Interest Rate Index Stays Unchanged for Life of Mortgage |
Worst Case: — Interest Rate Rises to the Maximum Allowable Rate in the Second Month |
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Number of Years |
Percent Per Year |
Upward Movement: — Interest Rate Index Rises for: |
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Downward Movement: — Interest Rate Index Declines for: |
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Years Between Direction Changes |
Percent Per Year |
Volatile: — Interest Rate Index Rises, Then Declines: |
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Volatile: — Interest Rate Index Declines, Then Rises: |
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