U.S.
Bank Home Mortgage HELOC Direct
1550 American Blvd East, Suite 250
Bloomington, MN 55425
877.347.5631
July 14, 2022
REF: 20221940175029
Frank J Valenti
142 Hillside Dr
Greentown, PA 18426
Property Address: 142 Hillside Drive
Greentown, PA 18426
Dear Frank J Valenti:
In connection with the loan application secured by the above listed property, we
are providing you with the enclosed Loan Estimate.
U.S. Bank is committed to providing you with quality services designed to help you
meet your financial goals. Please contact us at the number below if you have any
questions.
Thank you for choosing U.S. Bank. We look forward to serving you.
Sincerely,
U.S. Bank
Originator Name: Jonathan D Bazzell
Originator Id: 000000738557
Originator Contact Number: 913-725-7318
Member FDIC
20221940175029 Form #ACAP LESP-P1-USBR01 USBR01_BC_LCVR 09/2018
U.S. BANK NATIONAL ASSOCIATION
Save this Loan Estimate to compare with your Closing Disclosure.
200 S. 6th St. • Minneapolis, MN 55402
Loan Estimate LOAN TERM 10 years
PURPOSE Home Equity Loan
DATE ISSUED 07/14/2022 PRODUCT Fixed Rate
✔ Conventional FHA VA
APPLICANTS Frank J Valenti LOAN TYPE
142 Hillside Dr LOAN ID # 20221940175029
Greentown, PA 18426 RATE LOCK ✔ NO YES
PROPERTY 142 Hillside Drive Before closing, your interest rate, points, and lender credits can
Greentown, PA 18426 change unless you lock the interest rate. All other estimated
EST. PROP. VALUE $200,000 closing costs expire on 08/03/2022 at 12:00 a.m. CDT
Loan Terms Can this amount increase after closing?
Loan Amount $50,000 NO
Interest Rate 7.05% NO
Monthly Principal & Interest
See Projected Payments below for your $581.28 NO
Estimated Total Monthly Payment
Does the loan have these features?
Prepayment Penalty NO
Balloon Payment NO
Projected Payments
Payment Calculation Years 1-10
Principal & Interest $581.28
Mortgage Insurance + 0
Estimated Escrow
Amount can increase over time
+ 0
Estimated Total
Monthly Payment $581
This estimate includes In Escrow?
$322 ✔ Property Taxes NO
Estimated Taxes, Insurance
& Assessments ✔ Homeowner's Insurance NO
a month
Amount can increase over time Other:
See Section G on page 2 for escrowed property costs. You must pay for
other property costs separately.
Costs at Closing
Includes $191 in Loan Costs + $100 in Other Costs - $291 in Lender
Estimated Closing Costs $0 Credits. See page 2 for details.
Includes Closing Costs. See Calculating Cash to Close on page 2 for details.
Estimated Cash to Close $50,000 From ✔ To Borrower
Visit www.consumerfinance.gov/mortgage-estimate for general information and tools.
PAGE 1 OF 3 • LOAN ID # 20221940175029
LOAN ESTIMATE Letter Code: LESP-P1-USBR01 • USBR01_BC_LEST 09/2018
Closing Cost Details
Loan Costs Other Costs
A. Origination Charges E. Taxes and Other Government Fees $100
% of Loan Amount (Points) Recording Fees and Other Taxes $100
Transfer Taxes
F. Prepaids
Homeowner's Insurance Premium ( months)
Mortgage Insurance Premium ( months)
Prepaid Interest ( per day for days @ %)
Property Taxes ( months)
G. Initial Escrow Payment at Closing
Homeowner's Insurance per month for mo.
B. Services You Cannot Shop For $191 Mortgage Insurance per month for mo.
Avm $95 Property Taxes per month for mo.
Credit Report Fee $1
Flood Determination Fee $5
Property Report $60
Title Service Fee $15
Verification of Employment $15
H. Other
I. Total Other Costs (E + F + G + H) $100
C. Services You Can Shop For
J. Total Closing Costs $0
D+I $291
Lender Credits -$291
Calculating Cash to Close
Loan Amount $50,000
Total Closing Costs (J) $0
Estimated Total Payoffs and Payments $0
Estimated Cash to Close From ✔ To Borrower $50,000
Estimated Closing Costs Financed
D. Total Loan Costs (A + B + C) $191 (Paid from your Loan Amount) $0
PAGE 2 OF 3 • LOAN ID # 20221940175029
LOAN ESTIMATE Letter Code: LESP-P1-USBR01 • USBR01_BC_LEST 09/2018
Additional Information About This Loan
LENDER U.S. Bank National Association MORTGAGE BROKER
NMLS/_LICENSE ID 402761 NMLS/_LICENSE ID
LOAN OFFICER Jonathan D Bazzell LOAN OFFICER
NMLS/_LICENSE ID 738557 NMLS/_LICENSE ID
EMAIL jonathan.bazzell@usbank.com EMAIL
PHONE 913-725-7318 PHONE
Comparisons Use these measures to compare this loan with other loans.
$35,068 Total you will have paid in principal, interest, mortgage insurance, and loan costs.
In 5 Years
$20,612 Principal you will have paid off.
Annual Percentage Rate (APR) 7.05% Your costs over the loan term expressed as a rate. This is not your interest rate.
The total amount of interest that you will pay over the loan term as a
Total Interest Percentage (TIP) 39.507% percentage of your loan amount.
Other Considerations
Appraisal We may order an appraisal to determine the property’s value and charge you for this
appraisal. We will promptly give you a copy of any appraisal, even if your loan does not close.
You can pay for an additional appraisal for your own use at your own cost.
Assumption If you sell or transfer this property to another person, we
will allow, under certain conditions, this person to assume this loan on the original terms.
✔ will not allow assumption of this loan on the original terms.
Homeowner's This loan requires homeowner’s insurance on the property, which you may obtain from a
Insurance company of your choice that we find acceptable.
Late Payment If your payment is more than 5 days late, we will charge a late fee of $29.00.
Loan Acceptance You do not have to accept this loan because you have received this form or signed a loan
application.
Refinance Refinancing this loan will depend on your future financial situation, the property value, and
market conditions. You may not be able to refinance this loan.
Servicing We intend
✔ to service your loan. If so, you will make your payments to us.
to transfer servicing of your loan.
PAGE 3 OF 3 • LOAN ID # 20221940175029
LOAN ESTIMATE Letter Code: LESP-P1-USBR01 • USBR01_BC_LEST 09/2018
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