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Streamline Worksheet

VIEWS: 5 PAGES: 2

									                    OCEANSIDE MORTGAGE COMPANY
                    615 W. Lacey Road
                    Forked River, NJ 08731
                    609-971-8500 Fax 609-971-8411



                                   Streamline Worksheet
Borrower Name:


Closing Month               Jan-11     Term (old)          360         CC In Loan (Y/N)        N
Date Closed                6/1/2008    Rate (old)        6.000%        Condo/203K (Y/N)        N
Loan Amt (ORIG)            $250,000    Term (new)          360         State                   NJ
Principal Balance          $247,000    Rate (new)        5.500%        Points                  0
                              125            12/7/2004    7/14/2008
                                            12/28/2005    10/1/2008
First Payment                 8/1/2008 MIP (ORIG)         $3,694.58    Amt of PMT Skipped      $0
Months of MIP                       31 x Refund Factor           0.2   Insurance               $0
                                       MIP (Credit)        -$738.92    Taxes                   $0

         Details of Transaction
d. Refinance                  $247,000
e. Estimated Prepaids               $0
f. Estimated CC                     $0
h. Discount                         $0
l. MIP Credit                    ($739)        ($739)

m. Loan Amt (NO MIP)          $246,300       $246,300
n. MIP Financed                 $3,695         $3,695
o. Loan Amount (NEW)          $249,995       $249,995



            Loan Comparison                 $246,300                   mip cr       -738.916
Old P & I                      $1,499         $3,695                   mip factor      0.015
New P & I                      $1,419       $249,994
                                                                       max la       $253,750
Dollars Saved                    $80                                   mos recoup   37.43
                                                                                    -5.34%
                                                                                    32
_______________________________________
Applicant                          Date


_______________________________________
Applicant                          Date
                                                                                                    Rev 5.1
                                                      Good Faith Estimate

Lender:      Oceanside Mortgage Company                                                    Sales Price:
Address:     615 Lacey Road                                                                Base Loan Amount:        $246,300
             Forked River, NJ 08731                                                        Total Loan Amount:       $249,994
Applicant:                                                                                 Interest Rate:           5.500%
                                                                                           Type of Loan:            FHA
Property Address:                                                                          Preperation Date:        1/3/2011
                                                                                           Loan Number:
    The information provided below reflects estimates of the charges which you are likely to incur at the settlement of your loan. The fees listed are
estimates - actual charges may be more or less. Your transaction may not involve a fee for every item listed.
The numbers listed beside the estimates generally correspond to the numbered lines contained in the HUD-1 or HUD-1A settlement statement which you will
be reveiving at settlement. The HUD-1 or HUD-1A settlement statement will show you the actual cost for items paid at settlement.
  800        Items Payable in Connection With Loan:                             1100       Title Charges:
  801        Origination Fee @ 0.00 % + $                 $ 0                   1101       Closing/Escrow Fee       $400 - Paid OMC $ 0
  802        Discount Fee @        0.00 % + $             $ 0                   1102       Abstract/Title Search $265 - Paid OMC $ 0
  803        Appraisal Fee                                $                     1103       Title Examination                         $
  804        Credit Report                                $                     1104                                                 $
  805        Lender's Inspection Fee                      $                     1105       Document Preperation Fee                  $
  806        Mortgage Insurance Application Fee           $                     1106       Notary Fee               $0 - Paid OMC    $ 0
  807        Assumption Fee                               $                     1107       Attorney's Fee                            $
  808        Mortgage Broker Fee                          $                     1108       Title Insurance          $581 - Paid OMC $ 0
  809                                                     $                     1109       Endorsments              $0 - Paid OMC    $ 0
  810        Tax Related Service Fee                      $                     1110                                                 $
  811        Application Fee                              $                     1111                                                 $
  812        Commitment Fee                               $                     1112                                                 $
  813        Lender's Rate Lock-In Fee                    $                     1113                                                 $
  814        Processing Fee                               $                     1114                                                 $
  815        Underwriting Fee                             $                     1200       Government Recording and Transfer Charges:
  816        Flood Cert                 $12 - Paid OMC    $ 0                   1201       Recording Fee            $130 - Paid OMC $ 0
  817        Yield Spread Premium (0 - 4.5%)              $                     1202       City/Cty Tax/Stamps                       $
  900        Items Required By Lender to be Paid in Advance:                    1203       State Tax/Stamps         $0 - Paid OMC    $ 0
  901        Interest for         15 Days @ $ 37.67       $ 565                 1204       Intangible Tax           $0 - Paid OMC    $ 0
  902        Mortgage Insurance Premium                   $ 3695                1205                                                 $
  903        Hazard Insurance Premium                     $                     1206                                                 $
  904        County Property Taxes                        $                     1207                                                 $
  905        Flood Insurance                              $                     1208                                                 $
  906        MIP Refund                                   $ -739                1300       Additional Settlement Charges:
  907                                                     $                     1301       Survey                                    $
 1000        Reserves Deposited with Lender                                     1302       Pest Inspection                           $
 1001        Hazard Ins.              2 Mo. @ $           $                     1303       Courier Fee              $25 - Paid OMC   $ 0
 1002        Mortgage Ins.            0 Mo. @ $ 102.63 $ 0                      1304                                                 $
 1003        Tax & Assmt.             2 Mo. @ $           $                     1305                                                 $
 1004        Flood Insurance                              $                     1306                                                 $
 1005                                                     $                                                                          $
 1006                                                     $                                                                          $

"S" / "B" designates those costs to be piad by Seller/Broker
Total Estimated Monthly Payment:                                              Total Estimated Funds Needed to Close:
        Principal & Interest                                   $ 1419
        Real Estate Taxes                                      $                     Payoffs Down Payment                            $
        Hazard Insurance                                       $                     Estimated Closing Costs                         $ 0
        Flood Insurance                                        $                     Estimated Prepaid Items / Reserves              $
        Mortgage Insurance                                     $ 103                 Total Paid Items (subtract)                     $
        Other                                                  $                     Other                                           $
        TOTAL MONTHLY PAYMENT                                  $                     CASH FROM BORROWER                              $

THIS SECTION IS COMPLETED ONLY IF A PARTICULAR PROVIDER OF SERVICE IS REQUIRED. Listed below are providers of service which we
required you to use. The charges indicateed in the Good Faith Estimate above are based upon the corresponding charge of the below designated providers.

       Item No.                 Name & Address of Provider                           Telephone No.          Nature of Relationship
  _____________________________________________________________________________________________________________________
  _____________________________________________________________________________________________________________________
  _____________________________________________________________________________________________________________________
  These estimates are provided pursuant to the Real Estate Settlement Procedures Act of 1974, as amended (RESPA). Additional information can
  be found in the HUD Special Information Booklet, which is to be provided to you by your mortgage broker or lender, if you application is to
  purchase residential property and the Lender will take a first lien on the property.



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  Applicant                                            Date                   Applicant                                            Date



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  Applicant                                            Date                   Applicant                                            Date

								
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