15 Oct 2007 osufederal Loan Information October 15, 2007 - 9:44 AM PT Amount: $175,000 Home Value: $240,000 State: Oregon County: Benton City: Corvallis Escrow/Impounds? Yes Loan Purpose: Refinance with Cash Out Property Use: Primary Residence Property Type: Existing single family home Lock Period: 30 Day 20 Year Fixed Rate (240 months) Rate Points APR Payment Closing Fees Total Interest 6.000% 2.000% 6.268% $1,253.75 $6,788.00 300,900.00 6.125% 1.000% 6.267% $1,266.41 $5,038.00 303,938.40 6.375% 0.000% 6.391% $1,291.91 $3,288.00 310,058.40 15 Year Fixed Rate (180) months Rate Points APR Payment Closing Fees 5.625% 2.000% 5.959% $1,441.53 $6,788.00 259,475.40 5.750% 1.000% 5.926% $1,453.22 $5,038.00 261,579.60 6.125% 0.000% 6.145% $1,488.59 $3,288.00 267,946.20 92,946.20 Total Cost Assumptions Annual Real Estate Taxes: $2,400 Estimated Closing Date: 02/28/2008 Mortgages to be paid in full: $125,000 Mortgages to be paid with this loan $125,000.00 Total OSU Federal Fees $1,300.00 Total Third Party Fees $1,826.00 Total Taxes and other Unavoidable Fees $162.00 Total Required Advances $1,858.73 Your New Loan Amount -$175,000.00 Estimated Cash to Be Received at Closing $44,853.27 ------------------------------ How much would you estimate your home is worth? 240,000 How much are you planning to refinance? 175,000 What is your current mortgage balance? 125,000 20 Year Fixed Rate (240 months) Rate Points APR Payment Closing Fees Total 6.125% 1.000% 6.422 $1,266 $9,112 6.375% 0.500% 6.612% $1,292 $8,257 15 Year Fixed Rate (180) months Rate Points APR Payment Closing Fees 5.750% 1.000% 6.115% $1,453 $9,081 6.000% 0.500% 6.290% $1,477 $8,226 ---------------------------- How long to repay? Begining: 175,000 Interest: 6.145 Payments: 2,000 How long to repay? 117 payments = 9.8 years 180 payments * $1,489 per payment = $268,020 117 payments * $2,000 per payment = $234,000 difference = $ 34,020 $234,000 paid - $175,000 borrowed = $59,000 interest ======================= 15 Oct 2007 20 Year Fixed Rate (240 months) Rate Points APR Payment Closing Fees Total Interest 6.000% 2.000% 6.268% $1,253.75 $6,788.00 300,900.00 6.125% 1.000% 6.267% $1,266.41 $5,038.00 303,938.40 6.375% 0.000% 6.391% $1,291.91 $3,288.00 310,058.40 15 Year Fixed Rate (180) months Rate Points APR Payment Closing Fees 5.625% 2.000% 5.959% $1,441.53 $6,788.00 259,475.40 5.750% 1.000% 5.926% $1,453.22 $5,038.00 261,579.60 6.125% 0.000% 6.145% $1,488.59 $3,288.00 267,946.20 92,946.20 ======================= 23 Oct 2007 30 Year Fixed Rate Rate Points APR Payment Closing Fees 6.000% 2.000% 6.202% $1,049.21 $6,788.00 6.125% 1.000% 6.232% $1,063.32 $5,038.00 6.250% 0.000% 6.262% $1,077.51 $3,288.00 20 Year Fixed Rate Rate Points APR Payment Closing Fees 5.875% 2.000% 6.142% $1,241.17 $6,788.00 6.000% 1.000% 6.141% $1,253.75 $5,038.00 6.250% 0.000% 6.266% $1,279.12 $3,288.00 15 Year Fixed Rate Rate Points APR Payment Closing Fees 5.500% 2.000% 5.833% $1,429.90 $6,788.00 5.625% 1.000% 5.800% $1,441.53 $5,038.00 5.875% 0.000% 5.895% $1,464.96 $3,288.00 ======================= 08 Nov 2007 30 Year Fixed Rate Rate Points APR Payment Closing Fees 6.000% 2.000% 6.202% $1,049.21 $6,788.00 6.125% 1.000% 6.232% $1,063.32 $5,038.00 6.375% 0.000% 6.387% $1,091.77 $3,288.00 20 Year Fixed Rate Rate Points APR Payment Closing Fees 6.000% 2.000% 6.268% $1,253.75 $6,788.00 6.125% 1.000% 6.267% $1,266.41 $5,038.00 6.375% 0.000% 6.391% $1,291.91 $3,288.00 15 Year Fixed Rate Rate Points APR Payment Closing Fees 5.500% 2.000% 5.833% $1,429.90 $6,788.00 5.625% 1.000% 5.800% $1,441.53 $5,038.00 6.000% 0.000% 6.020% $1,476.75 $3,288.00 --- OSU Federal for 0 point refinance loans Rates Date 30 year 20 year 15 year 15 Oct 2007 6.375% 6.125% 23 Oct 2007 6.250% 6.250% 5.875% 08 Nov 2007 6.375% 6.375% 6.000% Payments Date 30 year 20 year 15 year 15 Oct 2007 $1,291.91 $1,488.59 23 Oct 2007 $1,077.51 $1,279.12 $1,464.96 08 Nov 2007 $1,091.77 $1,291.91 $1,476.75 +++++++++++ 30 year 08 Nov 2007 6.375% 0.000% 6.387% $1,091.77 $3,288.00 20 year 15 Oct 2007 6.375% 0.000% 6.391% $1,291.91 $3,288.00 310,058.40 23 Oct 2007 6.250% 0.000% 6.266% $1,279.12 $3,288.00 08 Nov 2007 6.375% 0.000% 6.391% $1,291.91 $3,288.00 15 year 15 Oct 2007 6.125% 0.000% 6.145% $1,488.59 $3,288.00 267,946.20 23 Oct 2007 5.875% 0.000% 5.895% $1,464.96 $3,288.00 263,692.80 08 Nov 2007 6.000% 0.000% 6.020% $1,476.75 $3,288.00