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		Minnesota Only
	Chuck Heubach CRB CRS GRI 952-239-1311
	Linda Heubach CRS E-Pro 952-931-9008
Good Faith Estimate of Closing Costs Calculator & Preliminary Buyer Expenses Worksheet
The Following data is for estimation purposes only and the accuracy of the figures is not guaranteed.
	INPUT DATA IN COLORED FIELDS ONLY	Input	Results
1	SALES PRICE OF HOME
2	DOWN PAYMENT INCLUDING EARNEST MONEY % (20+% down avoids mortgage insurance)	0% 3% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80% 85% 90% 95% 100%
3	MORTGAGE AMOUNT
TITLE INSURANCE & CLOSING FEES
4	Lenders Title Insurance(Input Actual Amount if known or E to estimate at $2.50 per thousand)
5	Title Insurance (Owner) or Attorney’s Opinion. This is optional, see title company for rates.
6	Plat Drawing Inspection
7	Recording Fees (number of documents)	1 2 3 4 5 6 7 8
8	Name & Judgment Search
9	Mortgage Registration Tax. $2.30 per thousand of Mortgage Amount
10	Settlement / Closing Fee Varies by Title Company
LOAN FEES
11	Origination or Assumption Fee (as % of mortgage) 1% is Retail.	0% 0.25% 0.50% 0.75% 1%
12	Credit Report Input number of borrowers
13	Appraisal Fee
14	Arm or Balloon Endorsement Fee (Enter Y if this applies)
15	Discount Points (for fractions of % input a zero before dot).
16	Commitment Fee (Enter E to Estimate at $500 or enter actual charge.
17	Processing Fee
18	VA Funding Fee or Upfront FHA MIP. Charged only on VA and FHA Loans
19	Flood Certification
20	Administrative Compliance Fee: Charged by Real Estate Brokers in addition to commission.	0 175 195 200 225 250 275 300 325 350 375 400 425 450 475 500
ADDITIONAL PREPAID ITEMS
21	Interim Interest Insert Day of the Month of closing
22	Home Warranty (POC)	0 379
23	1st Yr Hazard Insurance Insert Your Estimate or $240 for Condo Owners Insurance. Insert E to estimate at 1/2 of 1% of value. Insurance rates vary, and usually are based on replacement value.
24	Fees Paid to a Private Inspector (POC)
ESCROW ACCOUNT
25	Homeowners Insurance (2 Months)
26	Mortgage Insurance (2 Months)
27	Property Taxes (Enter Annual Taxes)
28	Total Expenses Excluding Down Payment
MONTHLY PAYMENT BREAKDOWN
29	Principal & Interest (Select Estimated Interest Rate)	4.50% 4.63% 4.75% 4.88% 5.00% 5.13% 5.25% 5.38% 5.50% 5.63% 5.75% 5.88% 6.00% 6.13% 6.25% 6.38% 6.50% 6.63% 6.75% 6.88% 7.00% 7.12% 7.25% 7.38% 7.50% 7.63% 7.75% 7.88% 8.00% 8.13% 8.25% 8.38% 8.50% 8.63% 8.75% 8.88% 9.00%
30	Homeowners Insurance	$ -
31	Mortgage Insurance
32	Taxes	$ 2,525.00
33	Homeowner Association Fees (HOA)
34	Total Monthly Payment
These estimates are based upon information available at this date & may not agree with actual charges determined at closing. Also see your lenders good faith estimate, which should be provided to you by the loan officer. Take time to review these services
35	Total Cash Required to Close, including down Payment:
36	Total of Payments over 30 Years:
37	Total Interest over 30 Years:
38	APR :
Real Estate Brokers occasionally create partnerships with service providers such as lenders, title, inspection, or builders. This broker may receive financial or other benefits from these partnerships or affiliated service providers. THERE ARE FREQUENTLY OTHER MORTGAGE OR SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES. YOU MAY ALSO USE YOUR ATTORNEY TO RECOMMEND OR PROVIDE THESE SERVICES. Chuck & Linda Heubach do not have an equity interest in nor do we accept consideration from any service provider. This Calculator is Copyright 2007 Chuck & Linda Heubach.
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	Buyers Signatures and Date		Date