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Sample Rates and Closing Costs

Last Update: 02/22/2012 10:46 AM EST

Program Rate* Points* APR        Conforming 30 Year Fixed Survey1,2
See Assumptions section for applicability Institution Rate Points APR
Conforming 5/1 ARM 2.625 0.250 3.043 Superior Funding 3.750 0.375 4.411
Conforming 7/1 ARM 3.000 0.125 3.127 Bank of America 4.250 0.875 4.295
Conforming 15 Year Fixed 3.125 0.000 3.185 Wells Fargo 4.000 1.000 4.180
Conforming 30 Year Fixed 3.750 0.375 3.815 Citizens Bank 4.125 0.000 4.164
Why are your rates/APR consistently better? TD Bank 4.250 0.000 4.311

We offer full range of options from lowest rates to zero cost loans. Contact us for full details.
       
Base Closing Costs, 200K loan Purchase Refinance      Roman Shulman, Superior Funding Corporation, President
Roman Shulman
President, Advisor
NMLS ID 11481
617-938-3900 x701
Origination (excl. any points or credits) 824 824  
Tax service 57 57  
Flood cert 15 15  
Credit report 20 20  
Appraisal by certified local appraiser   445 445  
Title services and lender's title policy3 1,065 840  
Survey 150 0  
Recording 365 175
Owner's title policy - optional4 675 0  
Total excluding prepaid items & state taxes5 3,616 2,376  
       
         
*Assumptions    

Single family home primary residence. Purchase with 20% down or rate/term (no cash-out) refinance with 80 LTV. 740+ credit score. Loan amount 125,000-417,000. These terms do not apply to other scenarios. Closing costs samples are based on 200,000 loan and 250,000 purchase price, actual costs may vary.

1Rates are as reported by institutions' websites at time of our last update
2This information is deemed reliable but is not guaranteed
3Lender's title insurance policy cost is based on actual loan amount
4Owners title insurance, if chosen, is based on purchase price
5Excludes prepaid interest, tax and insurance escrows and state taxes

 

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