Alesha Locker
Mortgage Loan officer
NMLS 2525240
- alesha@texastrustmortgage.com
- 254.291.3061
TEXAS TRUST MORTGAGE
Mortgage Plan
You enter
Calculated
▶ Closing cost & escrow assumptions
These drive the auto-filled figures in Funds To Close. Estimated Closing Costs = % of purchase price. Pre-Paid Escrows = months of property taxes + months of homeowner's insurance + prepaid daily interest. Either cell can be typed over directly; a "reset to auto" link appears when you do. Points Paid is a manual entry and defaults to zero.
▶ Mortgage insurance rate assumptions
Monthly mortgage insurance is calculated automatically from each option's loan type: annual rate × base loan amount (purchase price less down payment) ÷ 12. Conventional PMI applies only when the down payment is under 20%. VA and Non-QM carry no monthly MI. Adjust these rates to match what you actually quote.
Estimates only
Not a Loan Estimate, approval, commitment, or offer to lend. Figures are estimates for planning and comparison;
actual amounts come from underwriting and your Loan Estimate. Property taxes, insurance, closing costs, prepaid
escrows, points, and credits are entered manually and should reflect your specific transaction.
Payments assume a 30-year fixed term (360 payments).
Upfront FHA MIP / VA funding fee is financed into the loan amount, matching the worksheet.
Texas Trust Mortgage · texastrustmortgage.com