Loan Estimate (4)

Screen ID: 

Screen Title: 

Panel Number:

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UMTLNEST-04

Loan Estimate

5713


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This screen appears when you continue from the previous screen.

Check out the video related to this topic: Completing the Loan Estimate (More videos below!)

Screen Overview

This is the fourth in a series of screens used to “capture” the data required to print on the Loan Estimate.  The data entered on this screen is printed in the Other Costs column on page 2 of the Loan Estimate.

Use the Continue button to proceed to the next screen.

Field Descriptions

Field Name

Description

E. Taxes and Other Government Fees

Recording Fees and Other Taxes  

Enter the total amount of recording fees and other government taxes/fees paid as part of this loan request.  This amount is rounded to the nearest dollar.

Transfer Taxes

Enter the total amount of transfer taxes paid as part of this loan request.  This amount is rounded to the nearest dollar.

F. Prepaids

Homeowner’s Insurance Premium

Enter the number of months and the total amount of homeowner's insurance premiums that are required to be prepaid.  The dollar amount is rounded to the nearest dollar.

Mortgage Insurance Premium

Enter the number of months and the total amount of mortgage insurance premiums that are required to be prepaid.  The dollar amount is rounded to the nearest dollar.

Prepaid  Interest

Enter the daily amount, number of days, and the interest rate for prepaid interest

Property Taxes

Enter the number of months and the total amount of property taxes that are required to be prepaid.  The dollar amount is rounded to the nearest dollar.

Description

Enter a description of additional prepaid charges required for this loan request.

Depending upon your forms provider’s exact layout, up to 2 additional items can be disclosed.

Amount

Enter the amount of each additional prepaid charge.  These amounts are rounded to the nearest dollar.

G. Initial Escrow Payment at Closing

Homeowner’s Insurance Premium

Enter the number of months and the total amount of homeowner's insurance premiums that are required in the initial escrow payment at closing.  The dollar amount is rounded to the nearest dollar.

Mortgage Insurance Premium

Enter the number of months and the total amount of mortgage insurance premiums that are required in the initial escrow payment at closing.  The dollar amount is rounded to the nearest dollar.

Property Taxes

Enter the number of months and the total amount of property taxes that are required in the initial escrow payment at closing.  The dollar amount is rounded to the nearest dollar.

Description

Enter a description of additional items to be included in the initial escrow payment at closing required for this loan request.
Depending upon your forms provider’s exact layout up to 4 additional items can be disclosed.

Amount

Enter the amount of each additional escrow item.  These amounts are rounded to the nearest dollar.  

Additional Video Resources

View more lending videos.

Visit the Show Me the Steps video library to view more videos!

 

 Link to ID: https://help.cubase.org/cubase/cubase.htm#UMTLNEST-04.htm