★ ★ ★LOCKDAY WORKSHEETby Rick Elmendorf · NMLS #485091

Estimated APR is calculated from the amount financed and payment stream shown and is an estimate only.

All amortization runs at the note rate. A temporary buydown never changes the loan's amortization — it funds a buydown balance (paid by the seller or lender) that subsidizes the payment difference each month; any remaining buydown balance is applied to the loan payoff.

Tax escrow months auto-set by state (3 standard; Maryland 9 = 6 up front + 3 escrow). Transfer/recordation shows the customary BUYER share by state; owner's title defaults to seller-paid where that is the custom (FL and most western states). Customs vary by county and contract — every figure above is editable, and estimated states are approximations pending verification.

The example of loan costs illustrated in this tool does not represent a "Loan Estimate of Closing Costs" that you will receive once you apply for a loan. This example is being provided to you for illustrative purposes only, and the amounts shown therein are only approximations. The actual amounts for each item may vary by town, property type, title vesting, or other factors, and there may be additional cost in any mortgage transaction, that are not detailed above. Lender credits are illustrative, you may not be eligible for a lender credit. Actual payment obligations may be greater. This is an approximate loan cost example, and does not constitute a loan approval, or a commitment to lend. As interest rates change daily, the monthly payment information listed above is subject to change. Assumes first lien position. The figures as shown are not an example of actual program terms. Your individual terms will vary. All approvals are subject to underwriting guidelines and applicant's credit profile. Not all applicants will be approved. Program rates, terms, and conditions are subject to change at any time. Taxes and Insurance are estimated based on the information provided paired with historical data for the location and property characteristics. The estimated Mortgage Insurance is based upon a variety of assumptions and conditions which include a borrower's loan type and term length, loan amount and down payment amount and are subject to change. Your estimated Mortgage Insurance quote may be high if your debt-to-income (DTI) ratio exceeds 45%. Get an official Loan Estimate before choosing a loan. Your actual rate, payment and costs could be higher. Contact Guaranteed Rate, Inc. D/B/A Rate for more information and up to date rates and to receive an official Loan Estimate.

Rick Elmendorf: NMLS ID #485091 (Nationwide Mortgage Licensing System, www.nmlsconsumeraccess.org) • ME - Licensed • VA - MLO-9918VA • TN - 485091 • SC - MLO - 485091 • FL - LO13779 • GA - 42415 • NJ - Licensed • WV - LO-485091 • ND - NDMLO485091 • AR - 485091 • AL - 485091 • MA - MLO485091 • TX - Licensed • CO - 100544653 • KY - MC915184 • NY - Licensed • PA - 104077 • MI - 485091 • KS - LO.0056990 • MD - 485091 • CA - CA-DFPI485091 • OH - MLO-OH.485091 • DC - MLO485091 • NC - I-153190 • IL - 031.0090398

Full corporate licensing for Guaranteed Rate, Inc. D/B/A Rate appears on the Disclosures tab of the LockDay Worksheet workbook and on any official Loan Estimate. Equal Housing Lender.