Loan Type FHA/VA 30 YEAR FIXED RATE - GII

Date Sales price Est. appraised value

1/9/09 .00 $230,000.00
Mortgage Amount Interest Rate
$218,253.00 5.125%
Estimated Monthly Payment
P&I or Int Only Payment $1188.36 Taxes $328.83 SHORTAGE
Other Financing P&I PMI/MIP $88.79
Insurance $ 38.92 HOA Est. Total Mo. Pymt $1644.90
Est. Closing Costs Borrower Seller Lender Total
703. Commission Paid at Settlement
704. Sales/Brokers Commissions Sales Tax
801. % Origination Fee
802. %Discount
803. APPRAISAL FEE $ 425.00 $ 425.00
804. CREDIT REPORT $ 16.00 $ 16.00
808-817 FLOOD LIFE OF LOAN FEE $ 19.00 $ 19.00
808-817 GA RESIDENTIAL MTG LOAN FEE $ 6.50 $ 6.50
808-817 $ 3,753.00 $ 3,753.00
1101 SETTLEMENT OR CLOSING FEE $ 450.00 $ 450.00
1102 ABSTRACT OR TITLE SEARCH $ 165.00 $ 165.00
1104 TITLE INSURANCE BINDER $ 60.00 $ 60.00
1108 TITLE INSURANCE $ 227.00 $ 227.00
1201 RECORDING FEE - DEED $ 75.00 $ 75.00
1204-1205 INTANGIBLE TAX $ 655.00 $ 655.00

Est. Total Closing $ 5,851.50 $ 5,851.50

Est. Prepaid Expenses
901 Interest - estimated 15 days @ 30.65000 /day $ 459.75
902 Mortgage Insuranc Premium (PMI/MPI) $ 0.75
903 Fire and hazard insurance premium: 1 year
904 Flood Insurance: 1 Year
1001 Hazard Insurance Escrow: 2 months $ 77.84
1002 Mortgage insurance escrow
1003 City Property Taxes - 11 months $ 2,364.78
1004 County Property Taxes - 9 months $ 1,024.65
1006 Flood Insurance
1007
1008
1009 Aggregate Accounting Adjustment $ (624.56)
Total estimate prepaid expenses 3303.21
Total estimate of settlement costs 9154.71
Estimated cash required to close
A) Estimated total settlement costs to be paid at closing (Total estimate of settlement costs - Line D) $ 9,154.71
B) Estimated closing costs to be finance $ 3,753.00
D) Items paid outside of closing (POC) by borrower .00 and other credits .00 $ -
E) Subordinate Financing $ -
F)
H) Purchase: Down Payment Amount Refi: Total Liens - Mortgage Amount $ (21,866.00)
I) Earnest Money Paid $ -
J) Closing Cost expected to be paid by seller 0.00
K) Estimated Cash required to qualify and close (A-B+D-E-F+H-I-J) $ (16,464.29)
L) ESTIMATED CASH REQUIRED TO BRING TO CLOSING (IN FORM OF CASHIER'S CHECK) (K-D) $ (16,464.29)