Ever heard of Guaranteed Closing Costs?

Guaranteed Closing Costs

Why is having your closing costs guaranteed important? Many homeowners may have had bad experiences with lenders who did not guarantee their closing costs. The problem occurs when unethical lenders increase lender fees shortly before closing, leaving the homeowner with no time to make other financing arrangements. This will never be a problem at Amerisave, we guarantee your closing costs upfront so that you can go to closing with confidence. At Amerisave Mortgage Corporation, we take pride in providing you with a full and accurate disclosure of all closing costs. Once you lock in your rates and fees, we guarantee that those costs won't change throughout the loan process.

Loan Information		06/08/2009 03:39 PM EST
Loan Amount:	$280,000.00	State:	GA
Purchase Price:	$350,000.00	Property Type:	SINGLE
Interest Rate:	5.500%	Property Use:	HOME
APR:	5.514%	Loan Purpose:	Purchase
Product:	30 Year Fixed	Documentation:	FULL

Guaranteed Lender Fees - SureFee

This fee covers everything and is guaranteed not to change from the time we lock your rate to closing. Other mortgage companies charge a multitude of fees, such as an application fee; an origination fee; a discount fee; a loan set-up fee; and many more. (Application Fee Funding Fee Administrative Fee Transfer Fee Origination Fee Processing Fee Loan Set-up Fee Wiring Fee Discount Fee Flood Certification Fee Tax Service Fee Underwriting Fee ')" onmouseout="hideTip()">Click here to see a complete list of typical lender fees other companies charge.) SureFee makes comparing the cost of our loans easy and straightforward.

Guaranteed Lender Fees $445.80

Learn more about SureFee.

Closing Attorney/Agent, Appraiser, Title Insurance, & Credit Reporting
These fees are not paid to Amerisave. Title insurance, closing fees and attorney fees are paid to your closing attorney/agent. The appraisal fee is paid to your appraiser for the appraisal of your property. By law, mortgage companies are not allowed to markup or make money on any of these fees. If a fee is guaranteed, this means that Amerisave has negotiated a special deal on your behalf for this fee. You can always select your own closing attorney/agent and ask them for a quote for title, closing, and attorney fees.
24 Month Chain of Title	Guaranteed	$35.00
Credit Report	Guaranteed	$30.50
Appraisal	Estimated	$325.00
Appraisal Review	Estimated	$75.00
Attorney Fee	Estimated	$150.00
Closing Fee	Estimated	$535.00
Courier Fee	Estimated	$35.00
Tax Certificate	Estimated	$35.00
Title Insurance (Lender's Policy)	Estimated	$575.00
Closing Attorney/Agent, Appraiser, Title Insurance, & Credit Reporting $1,795.50

Estimated Prepaid & Escrow Items
This covers your home insurance and property taxes for the first few months. If you do not want to pay for home insurance or property taxes at closing, you can choose to waive escrows/impounds. If you choose to waive escrows/impounds you will responsible for your home insurance and property taxes when you receive the bills. This also covers interest that is due for the first partial month. If you close on the 15th of the month, you will owe interest for about half of the month at closing. This is the same as making your payment, but it is due at closing. Prepays can vary significantly based on the location of the property, date you close on, when the tax and insurance bills are due, and several other factors. To determine an accurate estimate for these expenses, please click "Calculate" below. These are exactly the same for all mortgage companies.
Interest For Partial First Month	Estimated	Calculate
Homeowner's Insurance	Estimated	Calculate
Property Taxes	Estimated	Calculate
Estimated Prepaid & Escrow Fees Calculate

Total Closing Costs

This is the total of all of your estimated third party fees and our SureFee.

Total Closing Costs $2,241.30

Government Taxes and Fees
These are taxes and fees paid to city, county and states governments for the processing of your loan. These fees will be exactly the same for all lenders.
Recording Fee	Estimated	$150.00
State Mortgage Tax	Estimated	$840.00
State Regulation Fee	Estimated	$6.50
Government Taxes and Fees $996.50

Monthly Mortgage Payment
Principal & Interest	Mortgage Insurance	Home Insurance	Property Tax	Total Payment
$1,589.81	$0.00	Annual Home Insurance Premium / 12 Months	Annual Property Taxes / 12 Months	$1,589.81 + Monthly Taxes and Insurance

06/08/2009 03:39 PM EST

Disclaimer:
Loan Product availability subject to loan amount. Until you lock your rate, A.P.R. and terms subject to change, including rates, points, rebates and fees. Rates and APRs may vary depending on loan details, such as points, loan amount, loan-to-value, your credit, property type, and occupancy. ARM rates subject to increase during loan term. Rates and APRs assume that an escrow account is set up for payment of property taxes, hazard insurance, and mortgage insurance if applicable. This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z.

SureFee is subject to change in the event parameters of the loan change from those presented at the time of application and loan closing, such as but not limited to, a change in the: loan amount, appraised property value, credit score of applicant or type of property.

An additional fee may be added to the Appraisal fee shown above in the event appraiser must make two or more trips to property to complete appraisal process. A second trip is typically needed when construction or renovation of property is not complete at the time the appraiser initially appraises property.

Third party fees guaranteed only if Amerisave's preferred providers are used.