Sample Net Tangible Benefit Worksheet Form - Amerihome Mortgage Company
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1Sample Net Tangible Benefit Worksheet
SELLER LOAN #
BORROWER:
REFI PURPOSE
OCCUPANCY
PROPERTY
ADDRESS
BENEFIT
Loan Being Refinanced
New Loan
# of years to recoup closing costs (divide total
Closing costs $_____________ /
Number of months to recoup costs
closing costs by difference between current P&I
monthly savings $____________
___________
and original P&I)
Lowered interest rate
Prior interest rate
New interest rate
___________%
___________%
Lowered monthly payment, including principal,
Prior PITI
New PITI
interest, taxes, and insurance (1003 and 1008
$ ____________
$ ____________
MUST reflect the present housing expense)
Shorter amortization schedule
Prior total # payments
New total # payments
__________
__________
Changing from an adjustable rate to a fixed rate
Prior loan program
New loan program
_________________________
________________________
Eliminating a negative amortization feature
Prior loan program
New loan program
______________________
____________________
Eliminating a balloon payment feature
Prior loan program
New loan program
_____________________
____________________
Cash-out from the new loan exceeds closing costs
Closing costs for subject loan
Cash out proceeds from subject
incurred in connection with the loan
$__________________
loan $________________
Eliminating mortgage insurance
MI- Yes / No
MI- Yes / No
Consolidating other existing debt into a new
Total monthly debt payment prior
New total monthly debt
mortgage loan
to refi $____________
$________________
Additional comments:
COMPLETED BY:
AmeriHome Mortgage Company, LLC
Sample Net Tangible Benefit Worksheet,
Last Updated December 1, 2015
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