LOAN BUDGET WORKSHEET
BORROWER NAME: Requested Loan Amount: Int. Rate: Const. Term (Mos) Date: Total Cost Soft Costs: Architect Engineering Soils Report Permits Fees Builder Supervision Builder Overhead Other Other Other Total Soft Costs: Hard Costs: Construction Contract Construction Contract Total Hard Costs Closing Costs: Origination Fee Discount Fee Appraisal Fees Appraisal Review Fees Credit Report Processing Fee Loan Documents Table Funding Fee Title Insurance Title Endorsements Mechanic's Liens Endorsements Escrow Fee Sub Escrow Fee Property Insurance Recording Fee Other Flood Cert. Notary Fee Total Closing Costs Reserves Interest Reserve 1 Contingency 5.0% ADDITIONAL CONTINGENCY Tax Service CLD Administration Fee Excess Equity Total Reserves Lot Value/Cost Total Project Costs Requested Loan Amount: Remaining Cash to be Paid by Borrower at Closing---------------> Appraised or Estimate of Value: Loan to Value Ratio: Loan to Cost Ratio: #DIV/0! #DIV/0! Total Equity: (Loan Amount/Appraised Value) (Loan Amount/Total Costs) Prepaid or Equity from Borrower November 26, 2008 Preliminary or Final Remaining Costs -
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Exhibit "C"
Borrower Name: Loan Amount: Interest Rate: Construction Term:
0 (A) 0.000% 0 Budgeted Construction Costs Date: November 26, 2008
Disbursed @ Loan Closing (B) (C)
To be Disbursed during Construction -
Soft Cost Hard Cost Closing Cost Reserves Lot/1st Payoff Amount Debt Payoff Totals Cash From Borrower* Loan Amount ---------->
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(D)
* A positive number under "Budgeted Construction Cost" in the Cash From Borrower line represents funds the borrower must pay at closing. A negative number represents "excess equity" that the borrower will receive when the home is completed in accordance with the terms of the construction loan agreement. A must equal B B minus C must equal D C represents maximum loan funds disbursed at closing D represents total remaining funds to be disbursed
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