Integrated Mortgage Closing Disclosure Quick …Closing Disclosure(a)(1l Closing Information Dale Issued Closlng Date Olsbut-s

Integrated Mortgage Closing Disclosure

Quick Reference Guide

A Compilation of Tools, Tips, Forms & Samples

This guide is for informational purposes only and was designed to provide high level particulars and quick access to samples. Users should consult Regulation Z for specific compliance requirements and guidance.

Sheshunoff Consulting + Solutions | 901 S Mopac Expy, Ste 140 | Barton Plaza V | Austin TX 78746 © 2016 SCSR, L.L.C.No further reproduction or distribution is allowed outside your organization without permission.

Rev. 05/12/16

Closing Disclosure(a)(1l

Closing Information

Dale Issued Closlng Date Olsbut-s<:nll!t1t Oc'lle Setdemcnt Aoent Fi.le-j

Property

SalePrke

Loan Tern,s

Loan Amount

Interest Rate

(a)(3)

Monthly Prtnclpal & Interest 5fff' P10J«tn.l Paymt'nlt b,Jow fo1•your E$tlmated rora/Monrhlt A2ymtnr

Balloon Paym•nt

ProJected Payment5

Plincipal &lnte,est

Mortgage Insurance

Estlrnated Esaow Amount can increase <:Ner time

Estimated Total Monthly Payment

Estimated Taxes, lnsu ranee & A,ses$ment$ Amount can inc,�se O'Ver time S.t P"9'! 4 for de10Jls

Costs at Closing

Closing Costs

Cash to Close

ClOSING DISCLOSURE

12 CFR 1026.38

n11s form ls a :srattmenr of �naf Joan ttrms and closing cos rs. Co,npare this

document with your Loan Estimate. (a)(2)

Transaction lnfo,mation loan Information

seller

lender

(d)(1)

(a)(4)

Loan Tc,m Pu1pose

Product (a)(S)

Lo.An Type O Convention<11t O FHA

Loan ID#

MICN

OVA 0 ______ 1

Can thi$ ii mount in(rcta,e after clo,ingl

(b)

Does,the loan have these features?

(c)

This estimate Includes

O Proi:,<>rly Taxes O Homeowner's Insurance Oothe<:

In escrow?

See fscrow Accotn1t on P<19e 4 for details. You must pay fo,·othe1·prope1rycosts sepamcefy.

lndudes in Loan Coses+

in Lender Credits. s« pag• 1 forderalls.

in Other Costs -

Includes Closing Costs. SteCal<v!cri,lfJ (<fjh ro Closeonpa,geJ fordetaifs.

PA<.iE I OF 5 · LOAlf ID 'J

2 of 12

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Loan Term - To be stated in years or months or both. Terms of 24 months or more - If the term equals a whole # of years, disclose the # followed by "years." If the term does NOT equal a whole # of years, disclose using both years & months; for example "15 yr. 5 mo." Terms of less than 24 months - If the term does not equal a whole # of years, disclose the number of months only; for example "16 mo." However, if the term is 12 months, it would be disclosed a "1 year." If term is unknown, disclose possible range including maximum # of years.

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Purpose - This field is to be completed following a hierarchy list of descriptions. 1. "Purchase" - if proceeds are used to acquire property that will secure the loan * 2. "Refinance" - if credit is not a Purchase, but will be used to refinance an existing obligation ** 3. "Construction" - if credit is not a Purchase or Refinance, but will be used for initial construction of the dwelling securing the loan *** 4. "Home Equity Loan" - if credit is not a Purchase, Refinance or Construction As the CFPB clarified in their 3/1/16 webinar: * If a consumer finances the purchase of real property & construction costs, the purpose disclosed should be "Purchase." ** If the creditor provides separate sets of disclosures, for the construction phase & the permanent phase, the permanent phase purpose disclosure would be "Refinance." *** If a consumer already owns the real property and the credit will be used to finance the initial construction of a dwelling and will not be used for any purchase or refinance purpose, the creditor must disclose the purpose as "Construction"

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Product - 1. "Adjustable rate" - if the interest rate may increase after consummation, but the rates that will apply or the periods for which they will apply are not known at consummation 2. "Step rate" - if the interest rate will change after consummation, and the rate that will apply and the periods for which they will apply are known at consummation 3. "Fixed rate" - if the loan is not an Adjustable Rate or Step Rate As applicable, include description of features that may change the periodic payment (for example, interest only or balloon payment).

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Loan Type - Conventional if not guaranteed or insured by a Federal or State government agency. FHA. VA. Other if federally-insured or guaranteed outside of FHA or VA -OR- if insured or guaranteed by a State agency; must include a brief description.

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MIC # - mortgage insurance case #, if policy required by creditor

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Sale Price - as applicable, the contract sale price of the property If a seller is not involved, a field for "Appraised Prop. Value" should be reflected and include the appraised value.

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Borrower - consumer's name and mailing address

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Seller - as applicable, seller's name and mailing address

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Lender - name of creditor making the disclosure

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Loan Amount - the amount of credit to be extended under terms of legal obligation

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Interest Rate - the interest rate that will be applicable to the transaction at consummation For adjustable rate transactions, if the interest rate at consummation is not known, the rate disclosed shall be the fully-indexed rate (i.e. the interest rate calculated using the index value and margin at time of consummation).

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Monthly P&I - the initial periodic payment amount that will be due under the terms of the legal obligation, immediately preceded by the applicable unit-period, and a statement referring to the payment amount that includes any mortgage insurance and escrow payments that is required to be disclosed.

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Prepayment Penalty - a statement of whether a penalty is included If affirmative, include the maximum amount of penalty and the date when the period during which the penalty may be imposed terminates.

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Balloon Pymt - a statement of whether a balloon payment is included If affirmative, include the maximum amount of balloon payment and the due date of such payment.

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Answer Yes or No. If Yes, additional descriptive information is required to be disclosed.

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Projected Payments - This section is to include an itemization of each separate periodic pymt. or range of pymts. The following events require the disclosure of additional, separate periodic pymts or ranges of pymts: a) the periodic P&I pymt or range of such payments may change; b) a scheduled balloon pymt; c) automatic termination of mortgage insurance; and d) anniversary of due date of initial periodic pymt. or range of pymts. that follows the occurrence of multiple events described in a) (above) of this section during a single year. Do not disclose more than 4 separate pymts. or ranges of pymts.

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Subheadings - disclose the years of the loan during which the pymt or range of pymts will apply. Must be stated in sequence of whole years, except a final balloon payment must be disclosed under the subheading "Final Payment."

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Include amounts for: P&I (include "only interest" if pymt or range of pymts include any interest only pymt), Mortgage Insurance & Estimated Escrow

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Total Payment - calculated as the sum of the amounts disclosed

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Estimated Taxes, Insurance & Assessments - disclose amount and use check boxes to indicate inclusion also indicate if included in escrow

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Closing Costs - the sum of the $ amounts disclosed pursuant to paragraphs (f)(4), (g)(5), and (h)(3) of this section, together with: (A) A statement that the amount disclosed pursuant to paragraph (d)(1)(i) of this section includes the amounts disclosed pursuant to paragraphs (f)(4), (g)(5), and (h)(3) of this section; (B) The dollar amount disclosed pursuant to paragraph (f)(4) of this section, labeled “Loan Costs”; (C) The dollar amount disclosed pursuant to paragraph (g)(5) of this section, labeled “Other Costs”; (D) The dollar amount disclosed pursuant to paragraph (h)(3) of this section, labeled “Lender Credits”; and (E) A statement referring the consumer to the tables disclosed pursuant to paragraphs (f) and (g) of this section for details.

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Cash To Close - the sum of the $ amounts calculated in accordance with paragraph (i)(9)(ii) of this section, together with: (A) A statement that the amount disclosed pursuant to paragraph (d)(1)(ii) of this section includes the amount disclosed pursuant to paragraph (d)(1)(i) of this section; and (B) A statement referring the consumer to the table required pursuant to paragraph (i) of this section for details.

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In credit transactions with no seller, the appraised value of the property should be identified, labeled as "Appraised Prop. Value" (instead of Sale Price).

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See Reg Z for information on an alternative table for transactions without a seller.

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Property - address including zip code of property securing transaction

3

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Origination Charges - In the applicable columns as described in paragraph (f) of this section, an itemization of each amount paid for charges described in § 1026.37(f)(1) [see Loan Estimate - Origination Charges], the amount of compensation paid by the creditor to a third-party loan originator along with the name of the loan originator ultimately receiving the payment, and the total of all such itemized amounts that are designated borrower-paid at or before closing. After "Points" row, enter items alphabetically.

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Services Borrower Did Not Shop For - In the applicable columns, itemize services & costs for each required service for which the consumer did not shop & that are provided by persons other than the creditor or mortgage broker, the name of the person ultimately receiving the payment, and the total of all such itemized amounts that are designated borrower-paid at or before closing. Items that were disclosed pursuant to § 1026.37(f)(3) [Loan Estimate items you can shop for] must be disclosed if the consumer was provided a written list of providers & the consumer selected a provider on that list. Enter items alphabetically.

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Services Borrower Did Shop For - In the applicable column, itemize services & costs for each required service for which the consumer shopped and that are provided by persons other than the creditor or mortgage broker, the name of the person ultimately receiving the payment, and the total of all such itemized costs that are designated borrower-paid at or before closing. Items that were disclosed pursuant to § 1026.37(f)(3) must be disclosed under this paragraph (f)(3) [Loan Estimate items you can shop for] if the consumer was provided a written list of providers & the consumer did not select a provider on that list. Enter items alphabetically.

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Taxes & Other Government Fees - In the applicable column, itemize amounts expected to be paid to State and local governments for taxes & government fees and the total of all such itemized amounts that are designated borrower-paid at or before closing, as follows: (i) Recording fees and the amounts paid in the applicable columns; and (ii) An itemization of transfer taxes, with the name of the government entity assessing the transfer tax.

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Prepaids - In the applicable column, itemize each amount for charges described in § 1026.37(g)(2) [Prepaids], the name of the person ultimately receiving the payment or government entity assessing the property tax, provided that the person ultimately receiving the payment need not be disclosed for the disclosure required by § 1026.37(g)(2)(iii) [prepaid interest] when disclosed pursuant to this paragraph, and the total of all such itemized amounts that are designated borrower-paid at or before closing.

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Initial Escrow Payment at Closing - In the applicable column, itemize each amount for charges described in § 1026.37(g)(3), the applicable aggregate adjustment pursuant to 12 CFR 1024.17(d)(2) along with the label “aggregate adjustment,” and the total of all such itemized amounts that are designated borrower-paid at or before closing.

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Other - In the applicable column, itemize each amount for charges in connection with the transaction that are in addition to the charges disclosed under paragraphs (f) & (g)(1) through (3) for services that are required or obtained in the real estate closing by the consumer, the seller, or other party, the name of the person ultimately receiving the payment, and the total of all such itemized amounts that are designated borrower-paid at or before closing.

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perform calculations

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perform calculations

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Lender Credits - The amount described in § 1026.37(g)(6)(ii) [Loan Estimate Lender Credits] as a negative number, and designated borrower-paid at closing, and if a refund is provided pursuant to § 1026.19(f)(2)(v) [refund related to good faith analysis], a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs. NOTE: When the consumer receives a generalized credit, from the creditor, it is disclosed under 1026.38(h)(3). However, if the lender credit is attributable to a specific charge listed in the Closing Costs Details tables (pursuant to .38(f) & (g)) then that amount would be reflected in the Paid By Others column in the tables under .38(f) & (g), as appropriate. (comment 38(h)(3)-1) A designation of (L) can be listed with the amount to indicate the creditor pays the item at consummation.

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Items to be disclosed in the Loan Costs table should generally be the same as they were disclosed on the Loan Estimate, updated to reflect the terms at consummation, except as specifically permitted.(1026.38(f))

4

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Did This Change? - Respond YES or NO (capitalized & in bold text). If YES, include a comment related to change, some text, referencing other sections must be in bold text.

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Calculating Cash to Close - Complete chart, noting information from Loan Estimate and Closing Disclosure.

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See Reg Z for information on alternatives for transactions without a seller. On page 3 of the Closing Disclosure, the Calculating Cash to Close table and Summaries of Transaction table are disclosed. For transactions without a seller, a Payoffs and Payments table may be substituted for the Summaries of Transactions table and placed before the Alternative Calculating Cash to Close table.

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Summaries of Transactions - Use table to disclose amounts associated with transaction, together with closing costs, as applicable. A separate Closing Disclosure (CD) can be provided to the consumer and the seller that do not reflect the other party's costs and credits by omitting certain disclosures on each separate CD.

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Closing Costs Paid at Closing - the amount designated as Borrower-Paid At Closing minus any Lender Credit on page 2 of the CD

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Adjustments For Items Paid by Seller in Advance - For example - City/Town Taxes would reflect the prorated amount of any prepaid taxes due from the consumer to reimburse the seller at closing and the time period corresponding to that amount.

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Deposit - any amount paid to the seller or held in trust or escrow by an attorney or other party under the terms of the sales agreement

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Adjustments For Items Unpaid by Seller - For example - City/Town Taxes would reflect the prorated amount of any unpaid taxes due from the seller to reimburse the consumer at closing and the time period corresponding to that amount.

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Calculation - 1. Total Due from Borrower at Closing - the amount disclosed pursuant to (j)(1)(i) of this section 2. Total Paid Already by or on Behalf of Borrower at Closing - the amount disclosed pursuant to (j)(2)(i), if any, disclosed as a negative number 3. A statement that the disclosed amount is due from or to the consumer, and the amount due from or to the consumer at closing.

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Adjustments For Items Paid by Seller in Advance - For example - City/Town Taxes would reflect the prorated amount of any prepaid taxes due from the consumer to reimburse the seller at closing and the time period corresponding to that amount.

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Excess Deposit - the amount of any excess deposit disbursed to the seller prior to closing

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Closing Costs Paid At Closing - the amount of closing costs designated seller-paid at closing disclosed pursuant to (h)(2)

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Seller Credit - the amount of money the seller will provide at closing as a lump sum not otherwise itemized to pay for loan costs as determined by paragraph (f) and other costs as determined by paragraph (g) and any other obligations of the seller to be paid directly to the consumer

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Adjustments For Items Unpaid by Seller - For example - City/Town Taxes would reflect the prorated amount of any unpaid taxes due from the seller to reimburse the consumer at closing and the time period corresponding to that amount.

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Calculation - 1. Total Due to Seller at Closing - the amount described in (k)(1)(i) of this section 2. Total Due from Seller at Closing - the amount described in (k)(2)(i), if any, disclosed as a negative number 3. A statement that the disclosed amount is due from or to the seller, and the amount due from or to the seller at closing.

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Other Credits - Disclose a description and amount of other items paid by or on behalf of the consumer and not otherwise disclosed pursuant to paragraphs (f), (g), (h), & (j)(2) of this section. The relevant Reg Z commentary discusses various examples of disclosed items. For example: a) transferred escrow balances (in a refinance transaction) and b) gift funds made by family members or other third parties not associated with the transaction.

5

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Respond to individual sections as appropriate.

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Security Interest - When describing the property securing the loan, state the property address including zip code.

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Disclose amount

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Include a descriptive name of each such charge. For example "Homeowner's Insurance" or "Property Taxes"

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Disclose amount the consumer is likely to pay during the first year that are known to the creditor and that will not be paid using escrow account funds.

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Include a descriptive name of each such charge. For example "Homeowner's Association Dues"

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The total amount disclosed pursuant to (g)(3)

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Disclose amount the consumer will be required to pay into the escrow account with each periodic payment during the first year after consummation for payment of charges described in 1026.37(c)(4)(ii)

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AP Table The AP table is required if ... a) the periodic P&I pymt. may change after consummation but not based on an adjustment to the interest rate, or b) if the transaction is a seasonal payment product. If the loan does not contain applicable terms, this table shall not appear.

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AIR Table The AIR table is required if ... the interest rate may increase after consummation. If not applicable, the AIR table is not disclosed.

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Escrow Account - In this section, the Closing Disclosure will indicate whether the loan, for now, will have an escrow account or will not have an escrow account, followed by additional information included in the appropriate section.

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Disclose the estimated property costs over 1 year. Property costs can include, for example: property taxes; homeowner's insurance; charges imposed by a cooperative, condominimum, or homeowners association; ground rent; leasehold payments; and certain insurance premiums or charges if required by the lender.

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As applicable, disclose the amount of any escrow waiver fee imposed for waiving the creation of an escrow account.

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For EACH question disclosed - Answer Yes or No. If Yes, additional descriptive information is required to be disclosed.

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1. Include the # of the pymt. of the first periodic P&I pymt that may change & the amount (or range) of the periodic P&I payment for such payment. 2. State the frequency of subsequent changes. This may include, but is not limited to, descriptions such as "no subsequent changes," "every year," and "every 6th payment." 3. State the maximum periodic P&I that may occur during the term and the first periodic P&I payment that can reach such maximum.

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Index and Margin - If the interest may adjust and the product type is not a Step Rate, the index upon which the adjustments to the interest rate are based and the margin is to be disclosed. Common acronyms may be used, for example "MTA" and "LIBOR." The margin should be disclosed as a percentage, for example "4.25%." Using those together, an example disclosure could be "MTA + 4.25%" NOTE: If the product is a Step Rate and not also an Adjustable Rate, the maximum amount of any adjustments to the interest rate that are scheduled and predetermined should be disclosed, labeled "Interest Rate Adjustments."

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Contact Information - All information should be completed as applicable for each creditor, each mortgage broker and settlement agent. Columns are left blank where no such person is participating in the transaction. A creditor or settlement agent may also omit a column on the table that is inapplicable or, if necessary, replace an inapplicable column with the contact information for an additional person.

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Confirm Receipt - OPTIONAL - At the creditor's option, include a line for signatures of the consumers in the transaction. IMPORTANT: If this section is not included, the creditor MUST disclose a statement in the "Other Considerations" section, labeled "Loan Acceptance," which clarifies that they do not have to accept this loan because they have received this form or signed a loan application.

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Loan Calculations - Total of Payments - expressed as a dollar amt. Finance Charge - expressed as a dollar amt. Amount Financed - expressed as a dollar amt. APR - expressed as a percentage TIP - expressed as a percentage

SAMPLES

Projected Payments

Loan Terms Can this amount increase after closing?

Loan Amount $162,000 NO

Interest Rate 3.875% NO

Monthly Principal & InterestSee Projected Payments below for your Estimated Total Monthly Payment

$761.78 NO

Does the loan have these features?

Prepayment Penalty YES • As high as $3,240 if you pay off the loan during the first 2 years

Balloon Payment NO

Costs at Closing

CLOSING DISCLOSURE PAGE 1 OF 5 • LOAN ID # 123456789

Payment Calculation Years 1-7 Years 8-30

Principal & Interest

Mortgage Insurance

Estimated EscrowAmount can increase over time

$761.78

+ 82.35

+ 206.13

$761.78

+ —

+ 206.13

Estimated Total Monthly Payment $1,050.26 $967.91

Estimated Taxes, Insurance & AssessmentsAmount can increase over timeSee page 4 for details

$356.13a month

See Escrow Account on page 4 for details. You must pay for other property costs separately.

This estimate includes In escrow?x Property Taxes YESx Homeowner’s Insurance YESx Other: Homeowner’s Association Dues NO

Closing Costs $9,712.10 Includes $4,694.05 in Loan Costs + $5,018.05 in Other Costs – $0in Lender Credits. See page 2 for details.

Cash to Close $14,147.26 Includes Closing Costs. See Calculating Cash to Close on page 3 for details.

Transaction InformationBorrower Michael Jones and Mary Stone

123 Anywhere StreetAnytown, ST 12345

Seller Steve Cole and Amy Doe321 Somewhere DriveAnytown, ST 12345

Lender Ficus Bank

Loan InformationLoan Term 30 yearsPurpose PurchaseProduct Fixed Rate

Loan Type x Conventional FHA VA _____________

Loan ID # 123456789MIC # 000654321

Closing InformationDate Issued 4/15/2013Closing Date 4/15/2013Disbursement Date 4/15/2013Settlement Agent Epsilon Title Co.File # 12-3456Property 456 Somewhere Ave

Anytown, ST 12345 Sale Price $180,000

This form is a statement of final loan terms and closing costs. Compare this document with your Loan Estimate.Closing Disclosure

terms have not changed from Loan EstimateSAMPLE - Fixed Rate

Borrower-Paid Seller-Paid Paid by OthersAt Closing Before Closing At Closing Before Closing

A. Origination Charges $1,802.0001 0.25 % of Loan Amount (Points) $405.0002 Application Fee $300.0003 Underwriting Fee $1,097.0004 05 06 07 08 B. Services Borrower Did Not Shop For $236.5501 Appraisal Fee to John Smith Appraisers Inc. $405.0002 Credit Report Fee to Information Inc. $29.8003 Flood Determination Fee to Info Co. $20.0004 Flood Monitoring Fee to Info Co. $31.7505 Tax Monitoring Fee to Info Co. $75.0006 Tax Status Research Fee to Info Co. $80.0007 08 09 10 C. Services Borrower Did Shop For $2,655.5001 Pest Inspection Fee to Pests Co. $120.5002 Survey Fee to Surveys Co. $85.0003 Title – Insurance Binder to Epsilon Title Co. $650.0004 Title – Lender’s Title Insurance to Epsilon Title Co. $500.0005 Title – Settlement Agent Fee to Epsilon Title Co. $500.0006 Title – Title Search to Epsilon Title Co. $800.0007 08 D. TOTAL LOAN COSTS (Borrower-Paid) $4,694.05Loan Costs Subtotals (A + B + C) $4,664.25 $29.80

Loan Costs


J. TOTAL CLOSING COSTS (Borrower-Paid) $9,712.10Closing Costs Subtotals (D + I) $9,682.30 $29.80 $12,800.00 $750.00 $405.00Lender Credits

Closing Cost Details

Other CostsE. Taxes and Other Government Fees $85.0001 Recording Fees Deed: $40.00 Mortgage: $45.00 $85.0002 Transfer Tax to Any State $950.00F. Prepaids $2,120.8001 Homeowner’s Insurance Premium ( 12 mo.) to Insurance Co. $1,209.9602 Mortgage Insurance Premium ( mo.)03 Prepaid Interest ( $17.44 per day from 4/15/13 to 5/1/13 ) $279.0404 Property Taxes ( 6 mo.) to Any County USA $631.8005 G. Initial Escrow Payment at Closing $412.2501 Homeowner’s Insurance $100.83 per month for 2 mo. $201.6602 Mortgage Insurance per month for mo.03 Property Taxes $105.30 per month for 2 mo. $210.6004 05 06 07 08 Aggregate Adjustment – 0.01H. Other $2,400.0001 HOA Capital Contribution to HOA Acre Inc. $500.0002 HOA Processing Fee to HOA Acre Inc. $150.0003 Home Inspection Fee to Engineers Inc. $750.00 $750.0004 Home Warranty Fee to XYZ Warranty Inc. $450.0005 Real Estate Commission to Alpha Real Estate Broker $5,700.0006 Real Estate Commission to Omega Real Estate Broker $5,700.0007 Title – Owner’s Title Insurance (optional) to Epsilon Title Co. $1,000.0008 I. TOTAL OTHER COSTS (Borrower-Paid) $5,018.05Other Costs Subtotals (E + F + G + H) $5,018.05

Calculating Cash to Close

BORROWER’S TRANSACTION

K. Due from Borrower at Closing $189,762.30

01 Sale Price of Property $180,000.0002 Sale Price of Any Personal Property Included in Sale03 Closing Costs Paid at Closing (J) $9,682.3004 Adjustments05 0607Adjustments for Items Paid by Seller in Advance08 City/Town Taxes to 09 County Taxes to10 Assessments to11 HOA Dues 4/15/13 to 4/30/13 $80.0012 131415

L. Paid Already by or on Behalf of Borrower at Closing $175,615.0401 Deposit $10,000.0002 Loan Amount $162,000.0003 Existing Loan(s) Assumed or Taken Subject to04 05 Seller Credit $2,500.00Other Credits06 Rebate from Epsilon Title Co. $750.0007 Adjustments0809 10 11 Adjustments for Items Unpaid by Seller12 City/Town Taxes 1/1/13 to 4/14/13 $365.0413 County Taxes to 14 Assessments to15 1617

CALCULATION

Total Due from Borrower at Closing (K) $189,762.30Total Paid Already by or on Behalf of Borrower at Closing (L) – $175,615.04

Cash to Close x From To Borrower $14,147.26

SELLER’S TRANSACTION

M. Due to Seller at Closing $180,080.00

01 Sale Price of Property $180,000.0002 Sale Price of Any Personal Property Included in Sale03 04 05 06 07 08Adjustments for Items Paid by Seller in Advance09 City/Town Taxes to 10 County Taxes to11 Assessments to12 HOA Dues 4/15/13 to 4/30/13 $80.0013141516

N. Due from Seller at Closing $115,665.0401 Excess Deposit02 Closing Costs Paid at Closing (J) $12,800.0003 Existing Loan(s) Assumed or Taken Subject to04 Payoff of First Mortgage Loan $100,000.0005 Payoff of Second Mortgage Loan06 07 08 Seller Credit $2,500.0009 10111213Adjustments for Items Unpaid by Seller14 City/Town Taxes 1/1/13 to 4/14/13 $365.0415 County Taxes to 16 Assessments to17 1819

CALCULATION

Total Due to Seller at Closing (M) $180,080.00Total Due from Seller at Closing (N) – $115,665.04

Cash From x To Seller $64,414.96

Summaries of Transactions


Loan Estimate Final Did this change?

Total Closing Costs (J) $8,054.00 $9,712.10 YES • See Total Loan Costs (D) and Total Other Costs (I)

Closing Costs Paid Before Closing $0 – $29.80 YES • You paid these Closing Costs before closing

Closing Costs Financed (Paid from your Loan Amount) $0 $0 NO

Down Payment/Funds from Borrower $18,000.00 $18,000.00 NO

Deposit – $10,000.00 – $10,000.00 NO

Funds for Borrower $0 $0 NO

Seller Credits $0 – $2,500.00 YES • See Seller Credits in Section L

Adjustments and Other Credits $0 – $1,035.04 YES • See details in Sections K and L

Cash to Close $16,054.00 $14,147.26

Use this table to see a summary of your transaction.

Use this table to see what has changed from your Loan Estimate.

AssumptionIf you sell or transfer this property to another person, your lender

will allow, under certain conditions, this person to assume this loan on the original terms.

will not allow assumption of this loan on the original terms.

Demand FeatureYour loan

has a demand feature, which permits your lender to require early repayment of the loan. You should review your note for details.

does not have a demand feature.

Late PaymentIf your payment is more than 15 days late, your lender will charge a late fee of 5% of the monthly principal and interest payment.

Negative Amortization (Increase in Loan Amount)Under your loan terms, you

are scheduled to make monthly payments that do not pay all of the interest due that month. As a result, your loan amount will increase (negatively amortize), and your loan amount will likely become larger than your original loan amount. Increases in your loan amount lower the equity you have in this property.

may have monthly payments that do not pay all of the interest due that month. If you do, your loan amount will increase (negatively amortize), and, as a result, your loan amount may become larger than your original loan amount. Increases in your loan amount lower the equity you have in this property.

do not have a negative amortization feature.

Partial PaymentsYour lender

may accept payments that are less than the full amount due (partial payments) and apply them to your loan.

may hold them in a separate account until you pay the rest of the payment, and then apply the full payment to your loan.

does not accept any partial payments.If this loan is sold, your new lender may have a different policy.

Security InterestYou are granting a security interest in 456 Somewhere Ave., Anytown, ST 12345

You may lose this property if you do not make your payments or satisfy other obligations for this loan.


Loan Disclosures

Escrow AccountFor now, your loan

will have an escrow account (also called an “impound” or “trust” account) to pay the property costs listed below. Without an escrow account, you would pay them directly, possibly in one or two large payments a year. Your lender may be liable for penalties and interest for failing to make a payment.

Escrow

Escrowed Property Costs over Year 1

$2,473.56 Estimated total amount over year 1 for your escrowed property costs:Homeowner’s InsuranceProperty Taxes

Non-Escrowed Property Costs over Year 1

$1,800.00 Estimated total amount over year 1 for your non-escrowed property costs:Homeowner’s Association Dues

You may have other property costs.

Initial Escrow Payment

$412.25 A cushion for the escrow account you pay at closing. See Section G on page 2.

Monthly Escrow Payment

$206.13 The amount included in your total monthly payment.

No Escrow

Estimated Property Costs over Year 1

Estimated total amount over year 1. You must pay these costs directly, possibly in one or two large payments a year.

Escrow Waiver Fee

will not have an escrow account because you declined it your lender does not offer one. You must directly pay your property costs, such as taxes and homeowner’s insurance. Contact your lender to ask if your loan can have an escrow account.

In the future, Your property costs may change and, as a result, your escrow pay-ment may change. You may be able to cancel your escrow account, but if you do, you must pay your property costs directly. If you fail to pay your property taxes, your state or local government may (1) impose fines and penalties or (2) place a tax lien on this property. If you fail to pay any of your property costs, your lender may (1) add the amounts to your loan balance, (2) add an escrow account to your loan, or (3) require you to pay for property insurance that the lender buys on your behalf, which likely would cost more and provide fewer benefits than what you could buy on your own.

Additional Information About This Loan

x

x

x

x

x

Contact Information

Confirm Receipt

Other Disclosures

AppraisalIf the property was appraised for your loan, your lender is required to give you a copy at no additional cost at least 3 days before closing. If you have not yet received it, please contact your lender at the information listed below.

Contract DetailsSee your note and security instrument for information about

• what happens if you fail to make your payments, • what is a default on the loan,• situations in which your lender can require early repayment of the

loan, and • the rules for making payments before they are due.

Liability after ForeclosureIf your lender forecloses on this property and the foreclosure does notcover the amount of unpaid balance on this loan,

state law may protect you from liability for the unpaid balance. If you refinance or take on any additional debt on this property, you may lose this protection and have to pay any debt remaining even after foreclosure. You may want to consult a lawyer for more information.

state law does not protect you from liability for the unpaid balance.

RefinanceRefinancing this loan will depend on your future financial situation, the property value, and market conditions. You may not be able to refinance this loan.

Tax DeductionsIf you borrow more than this property is worth, the interest on the loan amount above this property’s fair market value is not deductible from your federal income taxes. You should consult a tax advisor for more information.

By signing, you are only confirming that you have received this form. You do not have to accept this loan because you have signed or received this form.

Applicant Signature Date Co-Applicant Signature Date


Total of Payments. Total you will have paid after you make all payments of principal, interest, mortgage insurance, and loan costs, as scheduled. $285,803.36

Finance Charge. The dollar amount the loan will cost you. $118,830.27

Amount Financed. The loan amount available after paying your upfront finance charge. $162,000.00

Annual Percentage Rate (APR). Your costs over the loan term expressed as a rate. This is not your interest rate. 4.174%

Total Interest Percentage (TIP). The total amount of interest that you will pay over the loan term as a percentage of your loan amount. 69.46%

Loan Calculations

x

Lender Mortgage Broker Real Estate Broker (B)

Real Estate Broker (S)

Settlement Agent

Name Ficus Bank FRIENDLY MORTGAGE BROKER INC.

Omega Real Estate Broker Inc.

Alpha Real Estate Broker Co.

Epsilon Title Co.

Address 4321 Random Blvd.Somecity, ST 12340

1234 Terrapin Dr.Somecity, MD 54321

789 Local LaneSometown, ST 12345 45

987 Suburb Ct.Someplace, ST 12340

123 Commerce Pl.Somecity, ST 12344

NMLS ID 222222

ST License ID Z765416 Z61456 Z61616

Contact Joe Smith JIM TAYLOR Samuel Green Joseph Cain Sarah Arnold

Contact NMLS ID 12345 394784

Contact ST License ID

P16415 P51461 PT1234

Email [email protected]

JTAYLOR@ FRNDLYMTGBRKR.CM

[email protected] [email protected] sarah@ epsilontitle.com

Phone 123-456-7890 333-444-5555 123-555-1717 321-555-7171 987-555-4321

Questions? If you have questions about the loan terms or costs on this form, use the contact information below. To get more information or make a complaint, contact the Consumer Financial Protection Bureau at www.consumerfinance.gov/mortgage-closing?

Projected Payments





$737.91 NO


Prepayment Penalty NO

Balloon Payment NO

Costs at Closing






Mortgage Insurance


$737.91

+ 82.35

+ 206.13

$737.91

+ —

+ 206.13


Estimated Taxes, Insurance & AssessmentsAmount can increase over timeSee details on page 4

$356.13a month

See page 4 for escrowed property costs. You must pay for other property costs separately.

This estimate includes In escrow?x Property Taxes YESx Homeowner’s Insurance YESx Other: HOA Dues NO

From x To Borrower



Lender Ficus Bank

Loan InformationLoan Term 30 yearsPurpose RefinanceProduct Fixed Rate


Loan ID # 123456789MIC # 009874513

Closing InformationDate Issued 4/15/2013Closing Date 4/15/2013Disbursement Date 4/15/2013Settlement Agent Zeta TitleFile # 12-3456Property 123 Anywhere Street

Anytown, ST 12345 Appraised Prop. Value $180,000


SAMPLE - REFINANCE Terms have not Changed from Loan estimate.

Borrower-Paid Paid by OthersAt Closing Before Closing

A. Origination Charges $1,950.0001 .5 % of Loan Amount (Points) $750.0002 Application Fee $250.0003 Origination Fee $450.0004 Underwriting Fee $500.0005 06 07 08 B. Services Borrower Did Not Shop For $610.0001 Appraisal Fee to John Smith Appraisers Inc. $405.0002 Credit Report Fee to Information Inc. $30.0003 Flood Determination Fee to Info Co. $20.0004 Flood Monitoring Fee to Info Co. $45.0005 Tax Monitoring Fee to Info Co. $65.0006 Tax Status Research Fee to Info Co. $45.0007 08 09 10 C. Services Borrower Did Shop For $935.5001 Pest Inspection Fee to Pests Co. $85.0002 Title – Insurance Binder to Epsilon Title Co. $50.0003 Title – Lender’s Title Policy to Epsilon Title Co. $250.5004 Title – Settlement Agent Fee to Epsilon Title Co. $350.0005 Title – Title Search to Epsilon Title Co. $200.0006 07 08 D. TOTAL LOAN COSTS (Borrower-Paid) $3,495.50Loan Costs Subtotals (A + B + C) $3,060.50 $435.00

Loan Costs


J. TOTAL CLOSING COSTS (Borrower-Paid) $5,757.57Closing Costs Subtotals (D + I) $5,822.57 $435.00Lender Credits – $500.00


Other CostsE. Taxes and Other Government Fees $60.0001 Recording Fees Deed: Mortgage: $60.00 $60.0002 F. Prepaids $2,125.1201 Homeowner’s Insurance Premium ( 12 mo.) to Insurance Co. $1,209.9602 Mortgage Insurance Premium ( mo.)03 Prepaid Interest ( $17.71 per day from 4/15/2013 to 5/1/2013 ) $283.3604 Property Taxes ( 6 mo.) to Any County USA $631.8005 G. Initial Escrow Payment at Closing $576.9501 Homeowner’s Insurance $100.83 per month for 2 mo. $201.6602 Mortgage Insurance $82.35 per month for 2 mo. $164.7003 Property Taxes $105.30 per month for 2 mo. $210.6004 05 06 07 08 Aggregate Adjustment – $0.01H. Other01 02 03 04 05 06 07 08 I. TOTAL OTHER COSTS (Borrower-Paid) $2,762.07Other Costs Subtotals (E + F + G + H) $2,762.07


TO AMOUNT

01 Rho Servicing to pay off existing loan $115,000.00

02

03

04

05

06

07

08

09

10

11

12

13

14

15

K. TOTAL PAYOFFS AND PAYMENTS $115,000.00

Payoffs and Payments Use this table to see a summary of your payoffs and payments to others from your loan amount.



Loan Amount $150,000.00 $150,000.00 NO

Total Closing Costs (J) – $5,099.00 – $5,757.57 YES • See Total Loan Costs (D) and Total Other Costs (I)

Closing Costs Paid Before Closing $0 $435.00 YES • You paid these Closing Costs before closing

Total Payoffs and Payments (K) – $120,000.00 – $115,000.00 YES • See Payoffs and Payments (K)

Cash to Close $24,901.00

From To Borrower

$29,677.43

From To Borrower Closing Costs Financed (Paid from your Loan Amount) $5,322.57


x x















does not accept any partial payments. If this loan is sold, your new lender may have a different policy.

Security InterestYou are granting a security interest in 123 Anywhere Street, Anytown, ST 12345



Loan Disclosures



Escrow


$2,473.56 Estimated total amount over year 1 for your escrowed property costs:Property Taxes, Homeowner’s Insurance


$1,800.00 Estimated total amount over year 1 for your non-escrowed property costs:HOA Dues






No Escrow



Escrow Waiver Fee




x

x

x

x

x

Contact Information

Confirm Receipt

Other Disclosures


















Loan Calculations

x

Lender Mortgage Broker Settlement Agent

Name Ficus Bank Zeta Title


321 Uptown Dr. Anytown, ST 12345

NMLS ID 222222

ST License ID P76821

Contact Joe Smith Joan Taylor

Contact NMLS ID 12345

Contact __ License ID


[email protected].

Phone 123-456-7890 555-321-9876




Loan Amount $150,000.00 $150,000.00 NO

Total Closing Costs (J)

– $5,099.00 – $5,977.57

YES • See Total Loan Costs (D) and Total Other Costs (I)• Increase exceeds legal limits by $200. See Lender Credits on page 2

for credit of excess amount.




From x To Borrower

$29,677.43

From x To Borrower Closing Costs Financed (Paid from your Loan Amount) $5,322.57


J. TOTAL CLOSING COSTS (Borrower-Paid) $5,977.57Closing Costs Subtotals (D + I) $5,822.57 $655.00Lender Credits (Includes $200 credit for increase in Closing Costs above legal limit) – $500.00

SAMPLE - REFINANCE cLOSING cOSTS HAVE INCREASED IN EXCESS OFGOOD FAITH REQUIREMENTS, for which the creditor has provided a refund





$726.97 NO


Prepayment Penalty NO

Balloon Payment NO




Mortgage Insurance


$726.97

+ 82.35

+ 206.13

$726.97

+ —

+ 206.13


Estimated Taxes, Insurance & AssessmentsAmount can increase over timeSee page 4 for details

$206.13a month

Projected Payments

See Escrow Account on page 4 for details. You must pay for other property costs separately.

This estimate includes In escrow?x Property Taxes YESx Homeowner’s Insurance YES

Other:



Costs at Closing

x From To Borrower



Lender Fir Bank

Loan InformationLoan Term 30 yearsPurpose RefinanceProduct Fixed Rate


Loan ID # 123456789MIC # 009874513

Closing InformationDate Issued 4/15/2013Closing Date 4/15/2013Disbursement Date 4/15/2013Settlement Agent Zeta TitleFile # 12-3456Property 123 Anywhere Street

Anytown, ST 12345 Appraised Prop. Value $180,000


SAMPLE - REFINANCE consumer must pay add'l funds to satisfy existing mortgage & Other debt.


A. Origination Charges $2,250.0001 1 % of Loan Amount (Points) $1,500.0002 Application Fee $750.0003 04 05 06 07 08 B. Services Borrower Did Not Shop For $620.0001 Appraisal Fee to John Smith Appraisers Inc. $405.0002 Credit Report Fee to Information Inc. $35.0003 Flood Determination Fee to Info Co. $25.0004 Flood Monitoring Fee to Info Co. $45.0005 Tax Monitoring Fee to Info Co. $65.0006 Tax Status Research Fee to Info Co. $45.0007 08 09 10 C. Services Borrower Did Shop For $930.5001 Pest Inspection Fee to Pests Co. $80.0002 Title – Insurance Binder to Epsilon Title Co. $50.0003 Title – Lender’s Title Policy to Epsilon Title Co. $250.5004 Title – Settlement Agent Fee to Epsilon Title Co. $350.0005 Title – Title Search to Epsilon Title Co. $200.0006 07 08 D. TOTAL LOAN COSTS (Borrower-Paid) $3,800.50Loan Costs Subtotals (A + B + C) $3,360.50 $440.00

Loan Costs


J. TOTAL CLOSING COSTS (Borrower-Paid) $6,156.60Closing Costs Subtotals (D + I) $6,216.60 $440.00Lender Credits – $500.00


Other CostsE. Taxes and Other Government Fees $80.0001 Recording Fees Deed: Mortgage: $80.00 $80.0002 F. Prepaids $2,199.1501 Homeowner’s Insurance Premium ( 12 mo.) to Insurance Co. $1,209.9602 Mortgage Insurance Premium ( 1 mo.) to MI Co. $82.3503 Prepaid Interest ( $17.19 per day from 4/15/2013 to 5/1/2013 ) $275.0404 Property Taxes ( 6 mo.) to Any County USA $631.8005 G. Initial Escrow Payment at Closing $576.9501 Homeowner’s Insurance $100.83 per month for 2 mo. $201.6602 Mortgage Insurance $82.35 per month for 2 mo. $164.7003 Property Taxes $105.30 per month for 2 mo. $210.6004 05 06 07 08 Aggregate Adjustment – $0.01H. Other01 02 03 04 05 06 07 08 I. TOTAL OTHER COSTS (Borrower-Paid) $2,856.10Other Costs Subtotals (E + F + G + H) $2,856.10


TO AMOUNT

01 Rho Servicing to pay off existing loan $124,000.00

02 Beta Card Inc. to pay down credit card balance $5,000.00

03 Bob’s Home Improvement to pay off mechanic’s lien $12,000.00

04 State of Anywhere to pay off tax lien $10,000.00

05

06

07

08

09

10

11

12

13

14

15

K. TOTAL PAYOFFS AND PAYMENTS $151,000.00




Loan Amount $150,000.00 $150,000.00 NO

Total Closing Costs (J) – $5,691.00 – $6,156.60 YES • See Total Loan Costs (D) and Total Other Costs (I)




From To Borrower

$6,716.60

From To Borrower Closing Costs Financed (Paid from your Loan Amount) $5,691.00


x x
















Security InterestYou are granting a security interest in 123 Anywhere Street, Anytown, ST 12345



Loan Disclosures



Escrow


$2,473.56 Estimated total amount over year 1 for your escrowed property costs:Property Taxes, Homeowner’s Insurance


Estimated total amount over year 1 for your non-escrowed property costs:






No Escrow



Escrow Waiver Fee




x

x

x

x

x

Contact Information

Confirm Receipt

Other Disclosures


















Loan Calculations

x


Name Fir Bank Zeta Title


321 Uptown Dr. Anytown, ST 12345

NMLS ID 222222

ST License ID P76821

Contact Joe Smith Joan Taylor

Contact NMLS ID 12345



[email protected].

Phone 123-456-7890 555-321-9876



K. Due from Borrower at Closing

01 Sale Price of Property02 Sale Price of Any Personal Property Included in Sale03 Closing Costs Paid at Closing (J) 04 Adjustments05 0607Adjustments for Items Paid by Seller in Advance08 City/Town Taxes to 09 County Taxes to10 Assessments to11 12 131415

L. Paid Already by or on Behalf of Borrower at Closing01 Deposit02 Loan Amount 03 Existing Loan(s) Assumed or Taken Subject to04 Second Loan (Principal Balance $100,000) $96,500.0005 Seller Credit Other Credits0607 Adjustments0809 10 11 Adjustments for Items Unpaid by Seller12 City/Town Taxes to 13 County Taxes to 14 Assessments to15 1617

CALCULATION

Total Due from Borrower at Closing (K) Total Paid Already by or on Behalf of Borrower at Closing (L)

Cash to Close From To Borrower


M. Due to Seller at Closing

01 Sale Price of Property02 Sale Price of Any Personal Property Included in Sale03 04 05 06 07 08Adjustments for Items Paid by Seller in Advance09 City/Town Taxes to 10 County Taxes to11 Assessments to12 13141516

N. Due from Seller at Closing01 Excess Deposit02 Closing Costs Paid at Closing (J) 03 Existing Loan(s) Assumed or Taken Subject to04 Payoff of First Mortgage Loan 05 Payoff of Second Mortgage Loan06 07 08 Seller Credit 09 10111213Adjustments for Items Unpaid by Seller14 City/Town Taxes to 15 County Taxes to 16 Assessments to17 1819

CALCULATION

Total Due to Seller at Closing (M) Total Due from Seller at Closing (N)

Cash From To Seller




sample - Borrower funds from Simultaneous 2nd lien loan


K. Due from Borrower at Closing

01 Sale Price of Property02 Sale Price of Any Personal Property Included in Sale03 Closing Costs Paid at Closing (J) 04 Adjustments05 0607Adjustments for Items Paid by Seller in Advance08 City/Town Taxes to 09 County Taxes to10 Assessments to1112 131415

L. Paid Already by or on Behalf of Borrower at Closing01 Deposit02 Loan Amount 03 Existing Loan(s) Assumed or Taken Subject to04 Satisfaction of Junior Lien $5,000 P.O.C. Borrower05 Seller Credit Other Credits0607 Adjustments0809 10 11 Adjustments for Items Unpaid by Seller12 City/Town Taxes to 13 County Taxes to 14 Assessments to15 1617

CALCULATION

Total Due from Borrower at Closing (K) Total Paid Already by or on Behalf of Borrower at Closing (L)

Cash to Close From To Borrower


M. Due to Seller at Closing

01 Sale Price of Property02 Sale Price of Any Personal Property Included in Sale03 04 05 06 07 08Adjustments for Items Paid by Seller in Advance09 City/Town Taxes to 10 County Taxes to11 Assessments to12 13141516

N. Due from Seller at Closing01 Excess Deposit02 Closing Costs Paid at Closing (J) 03 Existing Loan(s) Assumed or Taken Subject to04 Payoff of First Mortgage Loan 05 Payoff of Second Mortgage Loan06 Satisfaction of Junior Lien $5,000 P.O.C. Borrower07 08 Seller Credit 09 10111213Adjustments for Items Unpaid by Seller14 City/Town Taxes to 15 County Taxes to 16 Assessments to17 1819

CALCULATION

Total Due to Seller at Closing (M) Total Due from Seller at Closing (N)

Cash From To Seller




sample - borrower satisfaction of seller's 2nd lien

oTHER bLANK mODEL FORMS

Loan Costs

CLOSING DISCLOSURE PAGE 2a OF 5 • LOAN ID # 0000000000

Borrower-Paid Seller-Paid Paid by OthersAt Closing Before Closing At Closing Before Closing

A. Origination Charges01 % of Loan Amount (Points)02 03 04 05 06 070809101112131415161718192021B. Services Borrower Did Not Shop For01 02 03 04 05 06 07 08 09 101112131415161718192021C. Services Borrower Did Shop For 01 02 03 04 05 06 070809101112131415161718192122 D. TOTAL LOAN COSTS (Borrower-Paid)Loan Costs Subtotals (A + B + C)


H-25(H) Mortgage Loan Transaction Closing Disclosure – Modification to Closing Cost Details - pg. 1 of 2

This is a blank model form of the modification to Closing Cost Details permitted by 12 CFR § 1026.38(t)(5)(iv)(B).

CLOSING DISCLOSURE PAGE 2b OF 5 • LOAN ID # 0000000000

J. TOTAL CLOSING COSTS (Borrower-Paid)Closing Costs Subtotals (D + I)Lender Credits

Closing Cost DetailsBorrower-Paid Seller-Paid Paid by

OthersAt Closing Before Closing At Closing Before ClosingE. Taxes and Other Government Fees01 Recording Fees Deed: Mortgage: 02030405060708091011121314 F. Prepaids 01 Homeowner’s Insurance Premium ( mo.)02 Mortgage Insurance Premium ( mo.) 03 Prepaid Interest ( per day from to ) 04 Property Taxes ( mo.) 05060708091011121314 G. Initial Escrow Payment at Closing01 Homeowner’s Insurance per month for mo.02 Mortgage Insurance per month for mo.03 Property Taxes per month for mo.04 05 060708091011121314 Aggregate AdjustmentH. Other01 02 03 04 05 060708 09101112131415 I. TOTAL OTHER COSTS (Borrower-Paid)Other Costs Subtotals (E + F + G + H)

Other Costs

H-25(H) Mortgage Loan Transaction Closing Disclosure – Modification to Closing Cost Details - pg. 2 of 2

CLOSING DISCLOSURE PAGE 1 OF 2

Transaction InformationBorrower

Seller

Closing InformationDate Issued Closing Date Disbursement Date Settlement Agent File # Property

Sale Price

Closing Disclosure


Due to Seller at Closing

01 Sale Price of Property 02 Sale Price of Any Personal Property Included in Sale03 04 05 06 07 08Adjustments for Items Paid by Seller in Advance09 City/Town Taxes to 10 County Taxes to11 Assessments to12 13141516

Due from Seller at Closing 01 Excess Deposit02 Closing Costs Paid at Closing (J) 03 Existing Loan(s) Assumed or Taken Subject to04 Payoff of First Mortgage Loan 05 Payoff of Second Mortgage Loan06 07 08 Seller Credit 09 10111213Adjustments for Items Unpaid by Seller14 City/Town Taxes to 15 County Taxes to 16 Assessments to17 1819

CALCULATION

Total Due to Seller at Closing Total Due from Seller at Closing

Cash From To Seller

Summaries of Transactions Contact InformationREAL ESTATE BROKER (B)

Name

Address

__ License ID

Contact


Email

Phone

REAL ESTATE BROKER (S)

Name

Address

__ License ID

Contact


Email

Phone

SETTLEMENT AGENT

Name

Address

__ License ID

Contact


Email

Phone

Questions? If you have questions about the loan terms or costs on this form, use the contact information above. To get more information or make a complaint, contact the Consumer Financial Protection Bureau at www.consumerfinance.gov/mortgage-closing?

H-25(I) Mortgage Loan Transaction Closing Disclosure – Disclosure Provided to Seller - pg. 1 of 2This is a blank model form of the modification permitted by 12 CFR § 1026.38(t)(5)(vi).

Loan Costs

CLOSING DISCLOSURE PAGE 2 OF 2

Seller-PaidAt Closing Before Closing

A. Origination Charges01 % of Loan Amount (Points)02 03 04 05 06 07 08 B. Services Borrower Did Not Shop For01 02 03 04 05 06 07 08 C. Services Borrower Did Shop For 01 02 03 04 05 06 07 08

J. TOTAL CLOSING COSTS


E. Taxes and Other Government Fees01 Recording Fees Deed: $120.00 Mortgage: $32.0002 F. Prepaids 01 Homeowner’s Insurance Premium ( 12 mo.) 02 Mortgage Insurance Premium ( mo.)03 Prepaid Interest ( $26.31 per day from 3/23/12 to 3/31/12))04 Property Taxes ( mo.)05 G. Initial Escrow Payment at Closing01 Homeowner’s Insurance per month for mo.02 Mortgage Insurance per month for mo.03 Property Taxes per month for mo.04 05 06 07 08 Aggregate AdjustmentH. Other01 02 03 04 05 06 07 080910111213

Other Costs

H-25(I) Mortgage Loan Transaction Closing Disclosure – Disclosure Provided to Seller - pg. 1 of 2 This is a blank model form of the modification permitted by 12 CFR § 1026.38(t)(5)(vi).

Projected Payments


Loan Amount

Interest Rate



Prepayment Penalty

Balloon Payment


Payment Calculation


Mortgage Insurance



Estimated Taxes, Insurance & AssessmentsAmount can increase over timeSee page 4 for details See Escrow Account on page 4 for details. You must pay for other property

costs separately.

This estimate includes In escrow? Property Taxes Homeowner’s Insurance Other:


Lender

Loan InformationLoan Term Purpose Product

Loan Type Conventional FHA VA _____________

Loan ID # MIC #


Appraised Prop. Value


Closing Costs Includes $3,800.50 in Loan Costs + $2,856.10 in Other Costs – $500 in Lender Credits. See page 2 for details.

Cash to Close Includes Closing Costs. See Calculating Cash to Close on page 3 for details.

Costs at Closing

From To Borrower

H-25(J) Mortgage Loan Transaction Closing Disclosure – Transaction Not Involving A Seller

Projected Payments


Loan Amount

Interest Rate



Prepayment Penalty

Balloon Payment


Payment Calculation


Mortgage Insurance



Estimated Taxes, Insurance & AssessmentsAmount can increase over timeSee page 4 for details See Escrow Account on page 4 for details. You must pay for other property

costs separately.

This estimate includes In escrow? Property Taxes Homeowner’s Insurance Other:


Lender

Loan InformationLoan Term Purpose Product

Loan Type Conventional FHA VA _____________

Loan ID # MIC #


Estimated Prop. Value


Closing Costs Includes $3,800.50 in Loan Costs + $2,856.10 in Other Costs – $500 in Lender Credits. See page 2 for details.

Cash to Close Includes Closing Costs. See Calculating Cash to Close on page 3 for details.

Costs at Closing

From To Borrower

H-25(J) Mortgage Loan Transaction Closing Disclosure – Transaction Not Involving A Seller cont.

Loan Costs



A. Origination Charges01 % of Loan Amount (Points)02 03 04 05 06 07 08 B. Services Borrower Did Not Shop For01 02 03 04 05 06 07 08 09 10 C. Services Borrower Did Shop For 01 02 03 04 05 06 07 08 D. TOTAL LOAN COSTS (Borrower-Paid)Loan Costs Subtotals (A + B + C)

J. TOTAL CLOSING COSTS (Borrower-Paid)Closing Costs Subtotals (D + I)Lender Credits


E. Taxes and Other Government Fees01 Recording Fees Deed: Mortgage: 02 F. Prepaids 01 Homeowner’s Insurance Premium ( mo.) 02 Mortgage Insurance Premium ( mo.)03 Prepaid Interest ( per day from to )04 Property Taxes ( mo.) 05 G. Initial Escrow Payment at Closing01 Homeowner’s Insurance per month for mo.02 Mortgage Insurance per month for mo.03 Property Taxes per month for mo.04 05 06 07 08 Aggregate AdjustmentH. Other01 02 03 04 05 06 07 08 I. TOTAL OTHER COSTS (Borrower-Paid)Other Costs Subtotals (E + F + G + H)

Other Costs



TO AMOUNT

01

02

03

04

05

06

07

08

09

10

11

12

13

14

15

K. TOTAL PAYOFFS AND PAYMENTS




Loan Amount

Total Closing Costs (J)

Closing Costs Paid Before Closing

Total Payoffs and Payments (K)

Cash to Close

From To Borrower

From To Borrower Closing Costs Financed (Paid from your Loan Amount)









Late PaymentIf your payment is more than ___ days late, your lender will charge a late fee of ________________________________________________









Security InterestYou are granting a security interest in



Loan Disclosures



Escrow


Estimated total amount over year 1 for your escrowed property costs:





A cushion for the escrow account you pay at closing. See Section G on page 2.


The amount included in your total monthly payment.

No Escrow



Escrow Waiver Fee























Loan Disclosures



Escrow










No Escrow



Escrow Waiver Fee




Adjustable Payment (AP) Table

Interest Only Payments?

Optional Payments?

Step Payments?

Seasonal Payments?

Monthly Principal and Interest Payments First Change/Amount Subsequent Changes Maximum Payment

Adjustable Interest Rate (AIR) TableIndex + MarginInitial Interest RateMinimum/Maximum Interest RateChange Frequency First Change Subsequent ChangesLimits on Interest Rate Changes First Change Subsequent Changes




















Loan Disclosures



Escrow










No Escrow



Escrow Waiver Fee




Adjustable Payment (AP) Table

Interest Only Payments?

Optional Payments?

Step Payments?

Seasonal Payments?

Monthly Principal and Interest Payments First Change/Amount Subsequent Changes Maximum Payment




















Loan Disclosures



Escrow










No Escrow



Escrow Waiver Fee




Adjustable Interest Rate (AIR) TableIndex + MarginInitial Interest RateMinimum/Maximum Interest RateChange Frequency First Change Subsequent ChangesLimits on Interest Rate Changes First Change Subsequent Changes


Confirm Receipt

Other Disclosures













Total of Payments. Total you will have paid after you make all payments of principal, interest, mortgage insurance, and loan costs, as scheduled.

Finance Charge. The dollar amount the loan will cost you.

Amount Financed. The loan amount available after paying your upfront finance charge.

Annual Percentage Rate (APR). Your costs over the loan term expressed as a rate. This is not your interest rate.

Total Interest Percentage (TIP). The total amount of interest that you will pay over the loan term as a percentage of your loan amount.

Loan Calculations

Contact InformationLender Mortgage Broker Settlement Agent

Name

Address

NMLS ID 222222

License ID

Contact

Contact NMLS ID

Contact License ID

EmailFICUSBANK.CO

ICUSBANK.

Phone



Other Disclosures








Loan AcceptanceYou do not have to accept this loan because you have received this form or signed a loan application.









Loan Calculations

Contact InformationLender Mortgage Broker Settlement Agent

Name

Address

NMLS ID 222222

License ID

Contact

Contact NMLS ID

Contact License ID

EmailFICUSBANK.CO

ICUSBANK.

Phone



Confirm Receipt

Other Disclosures

















Loan Calculations

?Contact Information


Name

Address

NMLS ID 222222

License ID

Contact

Contact NMLS ID

Contact License ID

EmailFICUSBANK.CO

ICUSBANK.

Phone



Other Disclosures







Loan AcceptanceYou do not have to accept this loan because you have received this form or signed a loan application.









Loan Calculations

?Contact Information


Name

Address

NMLS ID 222222

License ID

Contact

Contact NMLS ID

Contact License ID

EmailFICUSBANK.CO

ICUSBANK.

Phone



Documents

Integrated Mortgage Closing Disclosure Quick …Closing Disclosure(a)(1l Closing Information Dale Issued Closlng Date Olsbut-s