EFTA Document EFTA01279961

Good Faith Estimate (GFE) Name of Originator Fifth Third Mortgage Company Joann Brown Originator 5001 Kingsley DR Address ND: 1)93CBQ Cincinnati, OR 45227 Oricinator Phone Number hi; manor Email Purpose Shopping for your loan OMB Approval No. 2502-0265 Borrower Brien Vickers Propeny 435 S TRYON ST UNIT 700 Address Charlotte, NC 28202 Date of GFE November 24, 2014 This GFE gives you an estimate of your settlement charges and loan terms if you are approved for this loan. For more information, see HUD's Special Information Booklet on settlement charges. your Truth-in-Lending Disclosures. and other consumer information at www.hud.gov/respa. If you decide you would like to proceed with this loan, contact us. Only you can shop for the best loan for you. Compare this GFE with other loan offers. so you can find the best loan. Use the shopping chart on page 3 to compare all the offers you receive. Important 1. The interest rate for this GFE is available through 12/11/2014 __.__ . After this time. the interest dates rate. some of your loan Origination Charges. and the monthly payment shown below can change until you lock your interest rate. Summary of your loan Escrow account information Summary of your settlement charges 2. This estimate for all other settlement charges is available through 12/10/2014 3. After you lock your interest rate, you must go to settlement within n days (your rate lock period) to receive the locked interest rate. 4. You must lock the interest rate at least days before settlement. Your initial loan amount is Your loan term is Your initial interest rate is Your initial monthly amount owed for principal. interest, and any mortgage insurance is Can your interest rate rise? Even if you make payments on time, can your loan balance rise? Even if you make payments on time, can your monthly amount owed for principal, interest, and any mortgage insurance rise? Does your loan have a prepayment penalty? Does your ban have a balloon payment? $ 325,000.00 15 years 3.000 % $ 2,244.39 per month M No 0 Yes, it can rise to a maximum of The first change will be in . %. El No 0 Yes. it can rise to a maximum of $ 12 No 0 Yes. the first increase can be in and the monthly amount owed can rise to $ . The maximum it can ever rise to is S . @ No • Yes, your maximum prepayment penalty is $ Iii No • Yes, you have a balloon payment of $ due in years. Some lenders require an escrow account to hold funds for paying property taxes or other property-related charges in addition to your monthly amount owed of $ Do we require you to have an escrow account for your loan? 2 No. you do not have an escrow account. You must pay these charges directly when due. 0 Yes, you have an escrow account. It may or may not cover all of these charges. Ask us. 2,244.39 C 0 A Your Adjusted Origination Charges (See page 2.) Your Charges for All Other Settlement Services (sea page 2.) Total Estimated Settlement Charges 660A5 2,506.81 3,166.96 420361321 Bocci Faith Maws 0-100-0F15 VMP S Wcaos larwat Prencial Scrams 420361321 11/17105 Page 1 c4 3 VAIP116F (100402 CONFIDENTIAL SDNY_GM_00030784 EFTA_0014I397 EFTA01279961 Understanding your estimated settlement charges Some of these charges can change at settlement. See the top of page 3 for more information. Your Adjusted Origination Charges I. Our origination charge This charge is for getting this loan for you. 2. Your credit or charge (points) for the specific interest rate chosen al The credit or charge for the interest rate of 3.000 % is included in "Our origination charge." (See item I above.) K You receive a credit of $ for this interest rate of This credit reduces your settlement charges. El You pay a charge of S o. oo for this interest rate of %. This charge (points) Increases your total settlement charges. The tradeoff table on page 3 shows that you can change your total settlement charges by choosing a different interest rate for this loan. C Your Aclusted Origination Charges 660.15 0.00 660.15 Your Charges for All Other Settlement Services 3. Required services that we select These charges are for services we require to complete your settlement. We will choose the providers of these services. Service Charge Service Charge 920.81 Appraisal Fee 400.00 Credit Report 4.81 Tax Service Fee 72.00 Flood Certification Fee 4.00 Appraisal Ngmt Co Fee 140.00 Condo Certification Fee 300.00 4. Title services and lender's title This charge includes the services insurance to protect the lender. insurance of a title or if required. settlement agent for example. and title 1,327.50 5. Owner's title insurance You may purchase an owner's title insurance policy to protect your interest in the property. N/A 6. Required services that you can These charges are for other services identify providers of these services providing these services are below. Service shop for that are required or you can Charge to complete your settlement. shop for them yourself. Our estimates Service We can for Charge 0.00 7. Government recording charges These charges are for state and local fees to record your loan and title documents. 96.00 8. Transfer taxes These charges are for state and local fees on mortgages and home sales. o. 00 9. Initial deposit for your escrow account This charge is held in an escrow account to pay future recurring charges on your property and includes O all property taxes. 0 all insurance, and 0 other 0.00 10. Daily interest charges This charge is for the daily interest on your loan from the day of your settlement until the first day of the next month or the first day of your normal mortgage payment cycle. This 162.50 amount is $I27 -08 I per day for In days (if your settlement is 11/25/14 . II. lkmeowner's insurance This charge is for the insurance you must buy for the property to protect from a loss. such as fire. Policy Charge Policy Charge o.00 Your Charges for All Other Settlement Services Total Estimated Settlement Charges 2,506.81 3,166.96 420361321 VMP 8 0000 Faith ammo) 0400-0FIEI • • • ll Wafters lama: Frencial Services R 420361321 11/17103 Page 2 c43 VIIP116F (10031.02 CONFIDENTIAL SDNY_GM_00030785 EFTA_00141398 EFTA01279962 Instructions This GFE estimates your settlement charges. At your settlement, you will receive a HUD-I. a form that lists your actual costs. Compare the charges on the HUD-I with the charges on this GFE. Charges can change if you select your own provider and do not use the companies we identify. (See below for details.) Understanding which charges can change at settlement Using the tradeoff table Using the shopping chart These charges cannot Increase al settlement • Our origination charge • Your credit or charge (points) for the specific interest rate chosen (after you lock in your interest rate) • Your adjusted origination charges (after you lock in your interest rate) • Transfer taxes The Iola] of these charges can increase up to 10% at settlement: • Required services that we select • Title services and lender's tide insurance (if we select them or you use companies we identify) • Owner's title insurance (if you use companies ut, identify) • Required services that you can shop for (if you use companies we identify) • Government recording charges These charges can change at settlement • Required services that you can shop for (if you do not use companies we identify) • Tide services and lender's title insurance (if you do not use companies we identify) • Owner's title insurance (if you do not use companies we identify) • Initial deposit for your escrow account • Daily interest charges • Homeowner's insurance In this GFE. we offered you this loan with a particular interest rate and estimated settlement charges. However: • If you want to choose this same loan with lower settlement charges, then you will have a higher interest rate. • If you want to choose this same loan with a lower interest rate, then you will have higher settlement charges. If you would like to choose an available option. you must ask us for a new GFE. Loan originators have the option to <woolen' this whir. Plell3r 044 fin (Uhl/lir/Ira if the table i.. nor romplrled. Tn • The • . • • •an • Your initial loan amount S 325,000.00 S Your initial interest rate i 3.000 % % Your initial monthly amount owed S 2 244.39 S S Change in the monthly amount owed from this GFE No change You will pay $ more every month You will pay $ less every month Change in the amount you will pay at settlement with this interest rate No change Your settlement charges will be reduced by $ Your settlement charges will increase by S How much your total estimated settlements es will be S 3 166.96 S S 1For an adjustable rate loan. the comparisons above are for the initial interest rate before adjustments are made. Use this chart to compare GFEs from different loan originators. Fill in the information by using a different column for each GFE you receive. By comparing loan offers. you can shop for the best loan. I I I i Loan originator name Jeans Brown Initial loan amount 5 325,000.00 Loan term 15 years Initial interest rate 3.000 % Initial monthly amount owed $ 2,244.39 Rate lock period 70 days Can interest rate rise? No Can loan balance rise? No Can monthly amount owed rise? Ho Prepayment penalty? Ho Balloon a mcnt? Ho $ 3,166.96 If your loan is Sonic lenders may sell your loan idler s ttlement. Any fees lenders receive in the future cannot change the loan you receive or the sold in the future charges you paid at settlement. 420361321 0000 Flilh emimen 04.10-0F0 .11 4\ VIAP /9 ; • • Weems lomat Frencial Sanaa 420351321 11/17100 Page 3 c4 3 VII P1 16F (100402 CONFIDENTIAL SDNY_GM_00030786 EFTA_00141399 EFTA01279963