Total Loan Amount
$161,000
Initial Loan Amount
$121,000
Construction Holdback
$40,000
Interest Rate
12.00%
Points
2.99
Cash-to-Close Calculator
Estimated Closing Costs
| LINE ITEM | COST |
|---|---|
| Aquisition Price | $130,000 |
| Processing Fee | $495 |
| Total Origination | $4,814 |
| Prepaid Interest | $500 |
| Document Fee (Attorney Cost) | $495 |
| Funding Fee (Cost of Wire) | $45 |
| Deed Prep Fee (Attorney Cost) | $185 |
| Flood Determination Fee | $45 |
| Estimated Recording Fee (Title Cost) | $145 |
| Escrow Fee (Title Cost) | $450 |
| Title Policy (Title Cost) | $1,500 |
| TOTAL CLOSING EXPENSES | $138,674 |
$17,674
Estimated Borrower Cash Due at Closing
$1,610
Estimated Monthly Payment
$40,666
Estimated Liquidity Required
*If you are satisfied with the above terms please click Apply for funding (Hard Money) for an actual term sheet.
*All loans are 12 months with no prepayment penalty.
*Spark Lending does not control title or attorney costs, these can be subject to change.