Better Mortgage Corporation
1 World Trade Center, 80th Floor, New York, NY 10007 Save this Loan Estimate to compare with your Closing Disclosure.
LOAN TERM 30 years
Loan Estimate PURPOSE Home Equity Loan
PRODUCT Fixed Rate
DATE ISSUED 6/16/2025 LOAN TYPE X Conventional FHA VA _______
APPLICANTS Robert B Opatrny
10834 Est Cortile Ct LOAN ID # 1469238616
Naples, FL 34110 RATE LOCK NO X YES, until 7/16/2025 at 5:00 p.m. EDT
PROPERTY 10834 Est Cortile Ct Before closing, your interest rate, points, and lender credits
Naples, FL 34110 can change unless you lock the interest rate. All other
estimated closing costs expire on
EST. PROP. VALUE $3,560,137
Loan Terms Can this amount increase after closing?
Loan Amount $180,000 NO
Interest Rate 8.25% NO
Monthly Principal & Interest
See Projected Payments below for $1,352.28 NO
your Estimated Total Monthly Payment
Does the loan have these features?
Prepayment Penalty NO
Balloon Payment NO
Projected Payments
Payment Calculation Years 1-30
Principal & Interest $1,352.28
Mortgage Insurance +0
Estimated Escrow +0
Amount can increase over time
Estimated Total Monthly Payment $1,352.28
This estimate includes In escrow?
X Property Taxes NO
Estimated Taxes, Insurance
& Assessments
$3,802 X Homeowner's Insurance NO
Amount can increase over time a month Other:
See Section G on page 2 for escrowed property costs. You must pay for other property
costs separately.
Costs at Closing
Includes $1,874 in Loan Costs + $1,910 in Other Costs - $0 in Lender Credits.
Estimated Closing Costs $3,784 See page 2 for details.
Includes Closing Costs. See Calculating Cash to Close on page 2 for details.
Estimated Cash to Close $176,216 From X To Borrower
Visit www.consumerfinance.gov/mortgage-estimate for general information and tools
LOAN ESTIMATE 6/16/2025 2:33 PM EDT PAGE 1 OF 3 • LOAN ID #1469238616
Closing Cost Details
Loan Costs Other Costs
A. Origination Charges $1,299 E. Taxes and Other Government Fees $1,300
0.391% of Loan Amount (Points) $704 Recording Fees and Other Taxes $310
Origination Fee $595 Transfer Taxes $990
Processing Fee $0
Underwriting Fee $0 F. Prepaids $610
Homeowner's Insurance Premium ( months)
Mortgage Insurance Premium ( months)
Prepaid Interest ($40.68 per day for 15 days @ 8.25%) $610
Property Taxes ( months)
B. Services You Cannot Shop For $90 G. Initial Escrow Payment at Closing $0
Credit Report $85 Homeowner's Insurance $1,720.73 per month for mo.
Flood Certification $5 Mortgage Insurance per month for mo.
Property Taxes $2,081.75 per month for mo.
H. Other $0
C. Services You Can Shop For $485
Title-Property Report $75
Title-Settlement Fee $375
Title-Tax Certificate $35
I. TOTAL OTHER COSTS (E + F + G + H) $1,910
J. TOTAL CLOSING COSTS $3,784
D+I $3,784
Lender Credits
Calculating Cash to Close
Loan Amount $180,000
Total Closing Costs (J) - $3,784
Estimated Total Payoffs and Payments - $0
Estimated Cash To Close From X To Borrower $176,216
Estimated Closing Costs Financed
(Paid from your Loan Amount) $3,785
D. TOTAL LOAN COSTS (A + B + C) $1,874
LOAN ESTIMATE 6/16/2025 2:33 PM EDT PAGE 2 OF 3 • LOAN ID #1469238616
Additional Information About This Loan
LENDER Better Mortgage Corporation MORTGAGE BROKER
NMLS/FL LICENSE ID 330511/MLD1484 NMLS/__ LICENSE ID
LOAN OFFICER Katharine Danielle Vance LOAN OFFICER
NMLS/FL LICENSE ID 1940997/LO68873 NMLS/__ LICENSE ID
EMAIL katherinet@better.com EMAIL
PHONE 704-270-3962 PHONE
Comparisons Use these measures to compare this loan with other loans.
$83,621 Total you will have paid in principal, interest, mortgage insurance, and loan costs.
In 5 Years
$8,489 Principal you will have paid off.
Annual Percentage Rate (APR) 8.389% 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 percentage of
Total Interest Percentage (TIP) 170.795% your loan amount.
Other Considerations
We may order an appraisal to determine the property's value and charge you for this appraisal. We will
Appraisal 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.
If you sell or transfer this property to another person, we
Assumptions will allow, under certain conditions, this person to assume this loan on the original terms.
X will not allow assumption of this loan on the original terms.
This loan requires homeowner's insurance on the property, which you may obtain from a company of
Homeowner's Insurance
your choice that we find acceptable.
If your payment is more than 10 days late, we will charge a late fee of 5% of the monthly principal and
Late Payment
interest payment.
Loan Acceptance You do not have to accept this loan because you have received this form or signed a loan application.
Taking this loan could end any state law protection you may currently have against liability for unpaid
Liability after Foreclosure debt if your lender forecloses on your home. If you lose this protection, you may have to pay any debt
remaining even after foreclosure. You may want to consult a lawyer for more information.
Refinancing this loan will depend on your future financial situation, the property value, and market
Refinance
conditions. You may not be able to refinance this loan.
We intend
Servicing to service your loan. If so, you will make your payments to us.
X to transfer servicing of your loan.
LOAN ESTIMATE 6/16/2025 2:33 PM EDT PAGE 3 OF 3 • LOAN ID #1469238616
Additional Details for Services You Can Shop For
To get you started with shopping, this list identifies some providers for the services you can shop for (see Section C
on page 2 of your Loan Estimate).
Service Provider List You can select these providers or shop for your own providers.
Service Provider We Identified Contact Information
Property Report Mortgage Connect, LP 600 Clubhouse Drive Moon Township, PA
Settlement Fee 15108
Tax Certificate Phone: 866-789-1814
APPLICANTS: Robert B Opatrny DATE ISSUED: 6/16/2025 LOAN ID # 1469238616
