EFTA01252609.pdf

OlvlB Approval No. 2502-0265 Good Faith Estimate (GFE) Name of Originator Fifth Third Mortgage Company Borrower Brian Vickers Joann Brown Originator Address Propcny Address Originator Phone Number Originator Email Date of GFE December 09, 2014 Purpose This GFE gives you an estimate of your settlement charges and loan terms if you are approved for this loan. For more information, see HUD's Special Information Booklet on seulement charges. your Truth-in-Lending Disclosures. and other consumer information at www.hud.gov/respa. If you decide you would like to proceed with this loan. contact us. Shopping for Only you can shop for the best loan for you. Compare this GFE with other loan offers. so you can find the best loan. your loan Use the shopping chart on page 3 to compare all the offers you receive. Important 1. The interest rate for this GFE is available through 12/21/2014 __ . After this time. the interest dates rate. some of your loan Origination Charges. and the monthly payment shown below can change until you lock your interest rate. 2. This estimate for all other settlement charges is available through 12/24/2014 3. Ater you lock your interest rate, you must go to settlement within $0 days (your rate lock period) to receive the locked interest rate. 4. You must lock the interest rate at least days before settlement. Summary of Your initial loan amount is $ 320,000.00 your loan Your loan term is 15 years Your initial interest rate is 3.000% Your initial monthly amount owed for principal. interest, and any mortgage insurance is $ 2,209.86 per month Can your interest rate rise? El No 0 Yes, it can rise to a maximum of %. The first change will be in . Even if you make payments on time, can your El No 0 Yes. it can rise to a maximum of loan balance rise? $ Even if you make payments on time, can your I2 No 0 Yes. the first increase can be in and monthly amount owed for principal, interest, and the monthly amount owed can rise to any mortgage insurance rise? $ . The maximum it can ever rise to is $ . Does your loan have a prepayment penalty? @ No • Yes, your maximum prepayment penalty is $ Does your ban have a balloon payment? Iii No • Yes, you have a balloon payment of $ due in years. Escrow Some lenders require an escrow account to hold funds for paying property taxes or other property-related charges in account addition to your monthly amount owed of $ 2,209.B6 information Do we require you to have an escrow account for your loan? 2 No. you do not have an escrow account. You must pay these charges directly when due. 0 Yes, you have an escrow account. It may or may not cover all of these charges. Ask us. Summary Your Adjusted Origination Charges (See page 2.) 660.5 C of your settlement Your Charges for All Other Settlement Services (See page 2.) 2,994.31 0 charges a+ B Total Estimated Settlement Charges 3,654.46 420361321 420361321 Good Fan minima 0-1U0-0FEI 11/17105 VMP Wcaers l0uriat Frencial Samoa Page 1 c4 3 VIIP116F 000402 !29147010420361321! CONFIDENTIAL smitai00030793 EFTA_00141406 EFTA01252609 Understanding Your Adjusted Origination Charges your estimated I. Our origination charge settlement This charge is for getting this loan for you. 660.15 charges 2. Your credit or charge (points) for the specific interest rate chosen al The credit or charge for the interest rate of 3.000 % is included in "Our origination charge." (See item I above.) ❑ You receive a credit of $ for this interest rate of This credit reduces your settlement charges. 0 You pay a charge of s o.00 for this interest rate of %. This charge (points) Increases your total settlement charges. The tradeoff table on page 3 shows that you can change your total settlement charges by choosing a different interest rate for this loan. 0.00 Your Adjusted Origination Charges 660.15 C Your Charges for All Other Settlement Services Some of these 3. Required services that we select charges can These charges are for services we require to complete your settlement. change at We will choose the providers of these services. settlement. See Service Charge Service Charge the top of page 3 Appraisal Fee 400.00 Credit Rupert 4.81 for more Tax Service Fee 72.00 Flood Certification Fee 4.00 information. Appraisal Bigot Co Fee 140.00 Condo Certification Fee 300.00 920.81 4. Tide services and lender's title insurance This charge includes the services of a title or settlement agent. for example. and title insurance to protect the lender. if required. 1,327.50 5. Owner's title insurance You may purchase an owner's title insurance policy to protect your interest in the property. N/A 6. Required services that you can shop for These charges are for other services that are required to complete your settlement. We can identify providers of these services or you can shop for them yourself. Our estimates for providing these services are below. Service Charge Service Charge 0.00 7. Government recording charges These charges are for state and local fees to record your loan and title documents. 96.00 8. Transfer taxes These charges are for state and local fees on mortgages and home sales. o. 00 9. Initial deposit for your escrow account This charge is held in an escrow account to pay future recurring charges on your property and includes 0 all property taxes. 0 all insurance, and 0 other 0.00 10. Daily interest charges This charge is for the daily interest on your loan from the day of your settlement until the first day of the next month or the first day of your normal mortgage payment cycle. This amount is $!27.08 I per day for lin days (if your settlement is 12/08/14 ). 650.00 11. Homeowner's insurance This charge is for the insurance you must buy for the property to protect from a loss. such as fire. Policy Charge Policy Charge o.00 Your Charges for All Other Settlement Services 2,994.31 Total Estimated Settlement Charges 3,654.46 420361321 420361321 0000 Faith ammo) 0400-0FIEI .1 \ 11/17103 VMP R• • • Wafters lama: Frencial Services Page 2 c43 VIIP116F (10031.02 CONFIDENTIAL SDNY_GM_00030794 EFTA_00141407 EFTA01252610 Instructions This GFE estimates your settlement charges. At your settlement, you will receive a HUD-I. a form that lists your actual costs. Compare the charges on the HUD-I with the charges on this GFE. Charges can change if you select your own provider and do not use the companies we identify. (See below for details.) Understanding These charges The total of these charges These charges cannot Increase can increase up to 10% can change which charges al settlement al settlement: al settlement can change at settlement • Our origination charge • Required services that we select • Required services that you can shop for (if you do not use companies we • Your credit or charge (points) for the • Title services and lender's tide identify) specific interest rate chosen (after you insurance (if we select them or you lock in your interest rate) use companies we identify) • Tide services and lender's title insurance (ifyou do not use • Your adjusted origination charges (after • Owner's title insurance (if you use companies we identify) you lock in your interest rate) companies we identify) • Owner's title insurance (if you do not • Transfer taxes • Required services that you can shop use companies we identify) for (if you use companies we identify) • Initial deposit for your escrow account • Government recording charges • Daily interest charges • Homeowner's insurance Using the In this GFE. we offered you this loan with a particular interest rate and estimated settlement charges. However: tradeoff table • If you want to choose this same loan with lower settlement charges, then you will have a higher interest rate. • If you want to choose this same loan with a lower interest rate, then you will have higher settlement charges. If you would like to choose an available option. you must ask us for a new GFE. Loan originators have the option to < ennoble this whir. Plell3r 0 AA fi g (Uhl/lit/Ira illfi if the whir i.. nor rernplrled. The same loan with The same loan with a The loan in I his GFE lower settlement charges !ewer interest rale Your initial loan amount S 320,000.00 S Your initial interest rate 3.000 % Your initial monthly amount owed 52,209.86 S Change in the monthly No change You will pay $ You will pay $ amount owed from this GFE more every month less every month Change in the amount you will pay No change Your settlement charges Your settlement charges at settlement with this interest raw will be reduced by will increase by $ S How much your total estimated settlement charges will be S 3,654.46 $ 'For an adjustable rate loan. the comparisons above are for the initial interest rate before adjustments are made. Using the Use this chart to compare GFEs from different loan originators. Fill in the information by using a different column for each GFE you shopping chart receive. By comparing loan offers. you can shop for the best loan. I I i i Jeans Brown Loan originator name Initial loan amount $ 320,000.00 Loan term 15 years Initial interest rate 3.000 % Initial monthly amount owed $ 2,209.86 Rate lock period 80 days Can interest rate rise? No Can loan balance rise? No Can monthly amount owed rise? No Prepayment penalty? Ho Balloon a mcnt? Ho $ 3,654.46 If your loan is Sonic lenders may sell your loan after s fitment. Any fees lenders receive in the future cannot change the loan you receive or the sold in the future charges you paid at settlement. 420361321 420351321 0000 F909 emimue 0400-0F0 .11 4\ 11/17100 VIAP /9 ;• • Wdtecs loamFrencial Sanas Page 3 c4 3 VIIP116F 000402 CONFIDENTIAL SDNY_GM_00030795 EFTA_00141408 EFTA01252611