Basic Quantitative Methods

Loan Estimate

Date Issued June 16

Loan ID

#123456789

Applicant All-Store Loan Term 5 years

Sale Price $150,000 Purpose Purchase

Loan Terms

Loan Amount $100,000

Interest Rate 7.00% Fixed rate

Monthly Principal and Interest $1,980.12

Prepayment Penalty No

Balloon Payment No

Projected Payments

Years 1–5 Years 6–10 Years 11–15

Monthly Principal and Interest $1,980.12 N/A N/A

Property Insurance $250.00 N/A N/A

Property Taxes in Escrow $1250.00 N/A N/A

Total Monthly Payment $3480.12 N/A N/A

Costs at Closing

Estimated Closing Costs $0.00 Note: Closing costs paid by seller

Down Payment $50,000.00 Due to seller

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