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Tim Bradford
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AMMC_Matrix.xls

203K Loan Calculator

	Estimated Sales Price of Home Prior to Repairs/Rehab Costs


1	Total Cost of Repairs (Line 36, HUD-9746-A)
	includes the improvements in A6 and REO Lead Based Paint Stabilization $
2	Contingency Reserve on Repair Costs ( %) (10 to 20% of B1) $
3	Inspection Fees
	( x $ per inspection) + Title Update Fee ( x $ per draw) $
4	Mortgage Payments Escrowed ( months x $ ) if uninhabitable $
5	Sub-Total for Rehabilitation Escrow Account (Total of B1 thru B4) $
6	Architectural and Engineering Fees (Exhibits) $
7	Consultant Fees (including mileage, if applicable)
	(_____ +___ miles @ ____/mile)(N/A for Steamlined (k)) $
8	Permits $
9	Other Fees (Explain in Remarks) $
10	Sub-Total (Total of B5 thru B9) $
11	Supplemental Origination Fee for both 203k and Streamlined (k)
	(greater of $350 or 1.5% of B10) $ _____
12	Discount Points on Repair Costs and Fees (B10 x %) $
13	Sub-Total for Release at Closing
	(Total of B6 thru B9 + B11 and B12) (Note 3) $
14	Total Rehabilitation Cost (Total of B5 and B13 minus A6)
	(Streamlined (k) can not exceed $35,000.) $

	Estimated Rate of Interest
	Term of Loan
	Down Payment Percentage (1-20) or Dollar Amount
	Loan Amount (Base and Rounded down to $50.00 Multiple		Rounded -->
	Upfront FHA MIP Factor / Amount/ Loan Amount

	Principle & Interest Payment
	Monthly Real Estate Taxes (Semi Annual Amount)
	Monthly MIP
	Home Owners Insurance (Annual Premium)
	Total Estimated Payment
	The following values are used to calculate the Required Escrows
	Estimated Payment (Change this to match the "Estimated Total Payment")
	Estimated Cost Per Inspection/Draw

This calculator is not an offer for the extension of credit, its purpose only is to present the costs associated with a FHA 203K loan and estimate a proposed monthly payment. Additional APR disclosures are required. Request those if you are considering any mortgage loan.
http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/4240.4/index.cfm

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Questions, comments, or suggestions? Please contact us: American Midwest Mortgage Corp. Telephone: 216-324-8113 Updated Thank you for visiting Ohio203K.com!
Tim Bradford -- OHIO MB.803389/LO.007173 ---- NMLS CO.142066/LO.250013 Pending
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