Just received an email from our Lender (Home American Mortgage) and the email was nothing but good news!
We got our interest rate locked in at 3.75% fixed for 30years
Closing Costs: $1,042.17 (thank you VA)
The closing costs we nagging at us for the past month or so and nobody would even give us an estimate. I guess we had to wait until the builder (Richmond American) provided the lender with the “go ahead” on the loan.
I am pretty sure that we will also get our $6,400 deposit back after escrow closes as the money does not appear as being absorbed in any of the paperwork. Looks like we will be able to afford the rear deck we want.
Oh, monthly house payment $2,129. The amount includes our HOA fees. The mortgage payment is only $129 more than we are paying now.
We are getting so close right now.
The last few expenses will be a refrigerator and the cost to move our stuff. I have a firm quote of $1,092 from Two Men and a Truck. We get two guys for ten hours. We will have everything boxed up so they just need to move it. Good luck with the treadmill guys! Ha!!