Sentences with phrase «initial upfront closing costs»

Not exact matches

At closing, an upfront insurance fee ranging from 2 % to 3 % of the mortgage amount is charged; this initial insurance cost can either be paid immediately, or can be rolled into the total mortgage amount and added to the monthly payment.

Deducting the borrower's upfront cash requirements (initial MIP, origination fee, closing costs, and servicing set - aside) yields a net principal limit of $ 210,411.02: