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TEXAS TRUST MORTGAGE
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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 are amortized over the fixed term selected for each option — 30 year (360 payments) or 15 year (180 payments).
Upfront FHA MIP / VA funding fee is financed into the loan amount, matching the worksheet.
Texas Trust Mortgage · texastrustmortgage.com