12/05/2025
I 100% agree! These are great tips.๐
๐๐๐
Give me a call๐ฑto further discuss.
Brandon Rudkin | Attain RE
319-594-1981
Real Estate Agent
Licensed to Sell in IA
๐ ๐๐จ๐ฐ ๐ญ๐จ ๐๐๐๐ ๐๐๐ ๐ ๐ ๐จ๐ ๐ ๐๐จ๐๐ง ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ (๐๐ฎ๐ข๐๐ค ๐๐ฎ๐ข๐๐)
On the top left of the page, where it is redacted, there is the borrower in property information. To the right of that, we see the terms of the ๏ฟผloan, and whether or not the interest rate is locked. (๐๐๐ซ๐ฒ ๐ข๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐ญ!)
๐ด RED ARROW โ Your Interest Rate
The borrower's rate is 5.375%. And of course, we can see at the top right that it is "locked". This means that it CANNOT CHANGE, unless you pass the expiration date.
๐ต BLUE ARROW โ Total Monthly Payment
This is your true monthly cost:
Principal + Interest + Taxes + Insurance + HOA.
Here itโs $3,453/month.
๐ข GREEN ARROW โ Cash to Close
How much money you need at closing.
A negative number = credits + concessions covering everything.
Here: โ$2,905 (๐๐ฎ๐ฒ๐๐ซ ๐ ๐๐ญ๐ฌ ๐ฆ๐จ๐ง๐๐ฒ ๐๐๐๐ค).
โญ Quick Tip
Don't just stop at this page! Even if these numbers look good, you MUST review page 2, so that you know the context of all these numbers.
Have Questions??
Bryan Curtis
515-770-2491
NMLS # 1820018