How much cash will I need? |
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Closing costs are based on an average of customary closing costs around the nation and include a 1% origination fee; your actual closing costs will reflect costs common and customary to your area and may vary according to specific product type selected.
Prepaid expenses include 30-days prepaid interest and 2 month's escrow for taxes, home owners
insurance, and private mortgage insurance, if applicable; actual prepaid expenses may vary according to closing date and property location.
Reserves are funds available to borrower after closing and do not have to be paid to lender.
Note: The results provided by this calculator are intended for
comparative purposes only. The accuracy of the results is not
guaranteed. Any differences between these results and those provided
by other lending institutions, including Security Bank, may be
due to rounding or slight differences in mathematical formulas used.
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