timer Asked: Apr 11th, 2020

Question Description

  1. How much is being paid for the warranty deed at this closing?
  2. If Buyer choses to purchase title insurance, what is the total amount of title insurance policy premiums that Buyer will pay at this closing?
  3. How much money was collected from the seller and credited to buyer to cover seller's real property tax prorations?
  4. How much earnest money was paid by the Buyer?
  5. By how much did the Total Loano Closing Costs change from the Loan Estimate to the final (make sure to indicate if it increased or decreased)?
  6. What is the net amount that seller will collect from selling this property?
  7. Did the Seller give the Buyers a credit? If so, how much?
  8. How much is the lender's origination fees?
  9. By how much did the Cash to Close for Buyer change from the Loan Estimate to the Closing Disclosure? (make sure to indicate if it increased or decreased)
  10. How much in interest will Buyer pay over the life of the loan, assuming they take the full 30 years to pay off the loan and they do not make any additional payments?
  11. Who appraised the property?
  12. Can this loan be assumed?
  13. Does the loan have a prepayment penalty? If so, how much?
  14. Did the borrowers buy points in order to decrease the loan amount? If so, how much did they pay?
  15. If the Buyer pays the loan 18 days after it is due, how is the late fee calculated?

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