AmSouth Bank Loan Comparison

Proposed Loan Information

Purchase Price / Value $145,000.00
Mortgage(s) payoff $109,000.00
Final Loan Amount $109,000.00
Equity $36,000.00
Appraised Value $145,000.00
LTV 75.17%
Note Rate 6.125%
APR 6.189%
Loan Type 30 Year Fixed Conv
Years 30
Estimated Annual Property Taxes $0.00
Annual Homeowners Association $0.00

Projected Fees Amount Prepared Especially For:

Loan Origination Fee 0.000% $0.00 Name Leah Alexander
Loan Discount Fee 0.000% $0.00 Address 1400 8th Ave N #107
Appraisal Fee $325.00 City,State,Zip Nashville, TN 37208
Credit Report Fee $14.00 Phone
Application Fee $0.00 Fax
Loan Commitment Fee $0.00 Email
VA/FHA Funding Fee (financed) $0.00
Buydown Fee $0.00
Underwriting Fee $275.00
Document Preparation Fee $90.00
C/P Conversion Fee $0.00 April 19th, 2005
Tax Service Fee $59.00
Flood Certification $14.00
Closing Attorney Fee $275.00
Title Insurance $1,048.92
Recording Fee $90.00 Prepared By:
State Tax Stamps $126.44 Name Steve Goodin
City/County tax $536.50 Company AmSouth Bank
Intangible Tax $0.00 Address
Survey $0.00 City,State,Zip
Pest Inspection $0.00 Phone 615-573-4793
Express/Courier Fee $25.00 Email: steve.goodin@amsouth.com
Repair/Final Inspection Fee $0.00 Fax
GA Residential Mortgage Fee $0.00
TOTAL ESTIMATED CLOSING COSTS $2,878.86

Prepaid Items Months Estimated Monthly Payment

Interim Interest (days) 15 $274.37 Principal & Int. $662.30
Mortgage Insurance Premium 0.01 $70.85 Mtg. Ins. $70.85
Hazard Insurance Premium (12 Mo.) $0.00 Hazard Ins. $0.00
Flood Insurance Premium $0.00 Flood Ins. $0.00
Hazard Insurance Escrow 3 $0.00 Property Tax $0.00
Mortgage Insurance Escrow 0 $0.00 Assoc. Dues $0.00
Property Taxes 9 $0.00 Total Payment $733.15
Association Dues 1 $0.00
Flood Insurance Escrow 3 $0.00
TOTAL ESTIMATED PREPAIDS $274.37

TOTAL FEES + PREPAIDS $3,153.23

Estimated Down Payment $36,000.00

Less Earnest Money&/or Seller Paid CC $8,316.00
TOTAL DUE FROM BORROWER $30,837.23

The information provided above reflects estimates of the charges which you are likely to incur at the settlement of your loan.
The fees listed are estimates - the actual charges may be more or less. Your transaction may not involve a fee for every item listed.
These estimates are provided to assist potential applicants in evaluating their financing needs. Rates subject to change without notice.
At time of application you will be provided a Good Faith Estimate pursuant to the Real Estate Act of 1974, as amended. (RESPA)
Additional information can be found in the HUD Special Information Booklet, which is provided to you by your mortgage lender at application. MEMBER FDIC
For Arm loans: The annual percentage rate may increase after the loan is closed.
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 Regions Bank Loan Comparison

Proposed Loan Information Current Mortgage information

Refinance/Pay-Off $76,000.00 1st mortgage balance $68,000.00
Loan Amount $106,000.00 2nd Mtg or HELOC balance $8,000.00
Final Loan Amount $106,000.00
Appraised Value $165,000.00 Total payoff(s) $76,000.00
LTV 64.24%
Note Rate 5.000%
APR 5.119%
Loan Type Conv
Years 30
Estimated Annual Property Taxes $1,192.60
Annual Homeowners Association $0.00

Projected Fees Amount Prepared Especially For:

Loan Origination Fee 0.500% $530.00 Name Ray Pinkston
Loan Discount Fee $0.00 Address 5581 Higdon Road
Appraisal Fee $450.00 City,State,Zip Joelton, TN 37080
Credit Report Fee $15.00 Phone 615-226-6999
Application Fee $0.00 Fax
Loan Commitment Fee $0.00 Email pinkstonray@comcast.net
VA/FHA Funding Fee (financed) $0.00
Buydown Fee $0.00
Underwriting Fee $450.00 Referred By: Andrew Irvine
Document Preparation Fee $0.00
C/P Conversion Fee $0.00
Tax Service Fee $74.00 November 10, 2009
Flood Certification $14.00
Closing Agent Fee $275.00
Title Insurance ( Reissue ) $609.50
Recording Fee $105.00 Prepared By:
State Tax Stamps $0.00 Name Steve Goodin
City/County tax $212.00 Company Regions Bank
Intangible Tax $0.00 Address 40 Burton Hills Blvd. #370
Survey $0.00 City,State,Zip Nashville, TN 37215
Pest Inspection $0.00 Phone 615-748-2864
Express/Courier Fee $0.00 Email: steve.goodin@regions.com
2009 Taxes due Oct 1st $1,192.60 Fax 615-748-2823
Processing Fee $350.00
TOTAL ESTIMATED CLOSING COSTS $4,277.10

Prepaid Items Months Estimated Monthly Payment

Interim Interest (days) 5 $72.60 Principal & Int. $569.03
Mortgage Insurance Premium 0 $0.00 Mtg. Ins. $0.00
Hazard Insurance Premium $577.50 Hazard Ins. $48.13
Flood Insurance Premium $0.00 Flood Ins. $0.00
Hazard Insurance Escrow 2 $96.25 Property Tax $99.38
Property Taxes 3 $298.15 Assoc. Dues $0.00
Association Dues $0.00 Total Payment $716.54
Flood Insurance Escrow $0.00
TOTAL ESTIMATED PREPAIDS $467.00

TOTAL FEES + PREPAIDS $4,744.10

TOTAL DUE FROM / (TO BORROWER) $25,255.90

The information provided above reflects estimates of the charges which you are likely to incur at the settlement of your loan.
The fees listed are estimates - the actual charges may be more or less. Your transaction may not involve a fee for every item listed.
These estimates are provided to assist potential applicants in evaluating their financing needs. Rates subject to change without notice.
At time of application you will be provided a Good Faith Estimate pursuant to the Real Estate Act of 1974, as amended. (RESPA)
Additional information can be found in the HUD Special Information Booklet, which is provided to you by your mortgage lender at application. MEMBER FDIC
For Arm loans: The annual percantage rate may increase after the loan is closed.
 Buy Down Calculations

Loan Information
Type of Buydown 3-2-1 2-1 1- 0
Amount of Loan $100,000 $100,000 $100,000
Interest Rate % 6.000% 6.000% 6.000%
Number of Years 30 30 30
Payment Information Rate Rate Rate
First Year Payments $421.60 3.000% $477.42 4.000% $536.82 5.000%
Second Year Payments $477.42 4.000% $536.82 5.000% $599.55 6.000%
Third Year Payments $536.82 5.000% $599.55 6.000% $599.55 6.000%
Remaining Payments $599.55 6.000% $599.55 6.000% $599.55 6.000%
Savings Information % of Loan % of Loan % of Loan
First Year Savings $2,135.36 2.135% $1,465.62 1.466% $752.75 0.753%
Second Year Savings $1,465.62 1.466% $752.75 0.753% $0.00 0.000%
Third Year Savings $752.75 0.753% $0.00 0.000% $0.00 0.000%
Total Savings $4,353.73 4.354% $2,218.37 2.218% $752.75 0.753%
Funding Fee Tables

Purchase And Construction Loans

Note: The funding fee for regular military first time use from 1/1/04 to 9/30/04 is 2.2 percent.
This figure drops to 2.15 percent on 10/1/04
Type of Veteran Down Payment First Time Use Subsequent Use for
loans from 1/1/04 to
9/30/2011
Regular Military None 2.15% 3.3% *
5% or more (up to 10%) 1.50% 1.50%
10% or more 1.25% 1.25%
Reserves/National Guard None 2.40% 3.3% *
5% or more (up to 10%) 1.75% 1.75%
10% or more 1.50% 1.50%

Cash-Out Refinancing Loans

Type of Veteran Percentage for First Time Use Percentage for
Subsequent Use
Regular Military 2.15% 3.3% *
Reserves/National Guard 2.40% 3.3% *
* The higher subsequent use fee does not apply to these types of loans
if he veteran’s only prior use of entitlement was for a manufactured home loan

Other Types of Loans

Type of Loan Percentage for Either Type of
Veteran Whether First Time or
Subsequent Use

Interest Rate Reduction 0.50%

Refinancing Loans
Manufactured Home Loans 1.00%
Loan Assumptions 0.50%