Sample Tender and Feasibility Analysis by Tqurg9

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									               Sample tender & feasibility analysis


    principal loan amount                        =   60,000


-   transaction costs               6,240            =        53,760          (value
                                                                       of
                                                                         property
                                                                         received)
-   statutory damages for
    TILA/HOEPA misdisclosure
    violation                       2,000            =        51,760

-   TILA/HOEPA violation for
    failure to rescind              2,000            =        56,000

-   TILA/HOEPA rescission
    deduction for finance charges
    paid (all payments made)
    10 months @ $739.51           7,395.10       =   48,604.90

-   additional offset for
    enhanced statutory
    HOEPA damages                   7,395.10     =   41,209.80         (adjusted
                                                                         tender
                                                                         amount)

    settlement offer                             =   45,000
    short payoff plus 5% transaction costs           =      47,250

    $47,250 loan - 30-yr fixed rate 6.5% (NHS)   =   298.65/mo
    $47,250 loan - 30-yr ARM 9% (private)        =   380.18/mo
    $67,250 loan - 30-yr fixed rate 6.5% (NHS)   =   425.07/mo
    $67,250 loan - 30-yr ARM 9% (private)        =   541.11/mo

    Monthly income          x 38%        - $200 TI

    800                     304          104
    1200                    456          256
    1600                    608          408
    2000                    760          560

								
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