Finance interest reservesRoll interest into the loan — nothing extra out of pocket at closing
Require reserves shown in bank accountBorrower shows funds exist — not spent at closing
Collect reserves at closingBorrower pays this amount at the closing table
Loan Amount
—
Monthly Payment
—
Total Fees
—
Limiting Factor
—
Borrower & Property
Borrower—
Program—
Address—
Purpose—
Closing Date—
Loan Terms & Numbers
Purchase Price—
ARV—
Rehab Budget—
Total Project Cost—
Interest Rate—
Origination Fee—
Loan Term—
Max LTV—
Max LTC—
Purchase Leverage—
Rehab Leverage—
UW Fee—
Credit Report Fee—
Cash Due at Closing
—
Enter property numbers to calculate
Limiting constraint
—
Purchase Price—
Rehab Budget—
Total Project Cost—
Loan Amount (Purchase)—
Loan Amount (Rehab)—
Origination Fee—
Underwriting Fee—
Credit Report Fee—
Other Closing Costs—
Cash Due at Closing—
How this is calculated
Cash to close = Purchase Price + Fees − Loan Amount. The loan is capped by the lowest of: purchase leverage, Max LTV × ARV, and Max LTC × total project cost.
Loan Document Checklist
0 / 11 complete
PDF Options — What to Include
PDF Quality Note
Select Save as PDF in your browser's print dialog and enable Background graphics for full color output.