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Closing costs are
based on an average of customary closing costs
around the nation and include a 1% origination
fee; your actual closing costs will reflect costs
common and customary to your area and may vary
according to specific product type selected.
Prepaid expenses include 30-days prepaid
interest and 2 month's escrow for taxes, home
owners insurance, and private mortgage insurance,
if applicable; actual prepaid expenses may vary
according to closing date and property location.
Reserves are funds available to borrower
after closing and do not have to be paid to
lender.
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Equal Housing Opportunity 