Appendix G.: Loan Types

Appendix G to Supporting Statement of
Bureau of Consumer Financial Protection
Quantitative Testing of Integrated Mortgage Loan Disclosure Forms

Integrated Disclosures (Name Set One)
NAME OF BANK

LOAN TERMS

Aspen Bank

TYPE OF LOAN
ESTIMATE
Easy Fixed A

Balsam Bank

Easy Fixed B

Cottonwood Bank

Difficult Fixed A

Term: 30 Year
Product: Fixed Rate
Sale Price: $180,000
Loan Amount: $162,000
Interest Rate: 4.25%
Initial Monthly P&I Payment:
$796.94
Closing Costs: $4,736
Cash to Close: $12,736
Prepayment Penalty: No
Escrow: Yes
Term: 30 Year
Product: Fixed Rate
Sale Price: $350,000
Loan Amount: $315,000

Term: 30 Year
Product: Fixed Rate
Sale Price: $180,000
Loan Amount: $162,000
Interest Rate: 3.875%
Initial Monthly P&I Payment:
$761.78
Closing Costs: $8,054
Cash to Close: $16,054
Prepayment Penalty: YES 2%/2 years
Escrow: Yes

1

TYPE OF CLOSING
DISCLOSURE
Easy Fixed A

Easy Fixed B

Difficult Fixed A

LOAN TERMS
Term: 30 Year
Product: Fixed Rate
Sale Price: $180,000
Loan Amount: $162,000
Interest Rate: 3.875%
Initial Monthly P&I Payment:
$761.78
Closing Costs: $9,712
Cash to Close: $14,147
Prepayment Penalty: YES 2%/2
years
Escrow: Yes, Partial Escrow
Term: 30 Year
Product: Fixed Rate
Sale Price: $180,000
Loan Amount: $162,000
Interest Rate: 4.5%
Initial Monthly P&I Payment:
$820.83
Closing Costs: $8,722
Cash to Close: $14,574
Prepayment Penalty: No
Escrow: Yes, Additional Item
Term: 30 Year
Product: 10 Year Interest Only,
Fixed Rate
Sale Price: $350,000

Appendix G to Supporting Statement of
Bureau of Consumer Financial Protection
Quantitative Testing of Integrated Mortgage Loan Disclosure Forms
NAME OF BANK

TYPE OF LOAN
ESTIMATE

LOAN TERMS

Dogwood Bank

Difficult Fixed B

Elm Bank

Easy ARM A

Term: 30 Year
Product: 5 Year Interest Only Fixed
Rate
Sale Price: $350,000
Loan Amount: $315,000
Interest Rate: 4.875%
Initial Monthly P&I Payment:
$1,279.68
Closing Costs: $11,199
Cash to Close: $36,199
Prepayment Penalty: No
Escrow: Yes
Term: 30 Year
Product: 7/1 Adjustable Rate
Sale Price: $135,000
Loan Amount: $121,000
Interest Rate: 3.75%
Initial Monthly P&I Payment:
$560.36
Index: LIBOR
Margin: 4%

Interest Rate: 4.25%
Initial Monthly P&I Payment:
$1,549.61
Closing Costs: $14,056
Cash to Close: $39,056
Prepayment Penalty: YES 2%/2 years
Escrow: Yes

2

TYPE OF CLOSING
DISCLOSURE

Difficult Fixed B

Easy ARM A

LOAN TERMS
Loan Amount: $315,000
Interest Rate: 4.25%
Initial Monthly P&I Payment:
$1,115.62
Closing Costs: $16,607
Cash to Close: $39,897
Prepayment Penalty: No
Escrow: Yes, Additional Item
Term: 30 Year
Product: 5 Year Interest Only Fixed
Rate
Sale Price: $350,000
Loan Amount: $317,000
Interest Rate: 4.875%
Initial Monthly P&I Payment:
$1,287.81
Closing Costs: $16,672
Cash to Close: $37,994
Prepayment Penalty: No
Escrow: Yes, Partial Escrow
Term: 30 Year
Product: 7/1 Adjustable Rate
Sale Price: $135,000
Loan Amount: $121,000
Interest Rate: 3.75%
Initial Monthly P&I Payment:
$560.36
Index: LIBOR
Margin: 4%

Appendix G to Supporting Statement of
Bureau of Consumer Financial Protection
Quantitative Testing of Integrated Mortgage Loan Disclosure Forms
NAME OF BANK

TYPE OF LOAN
ESTIMATE

Fir Bank

Easy ARM B

Ginkgo Bank

Difficult ARM A

LOAN TERMS
Lifetime Max: 9%
Lifetime Min: 4.25%
First Change Cap: 3%
Subsequent Change Cap: 2%
Closing Costs: $4,803
Cash to Close: $13,803
Prepayment Penalty: No
Escrow: No
Term: 30 Year
Product: 3/3 Adjustable Rate
Sale Price: $135,000
Loan Amount: $121,000
Interest Rate: 3.375%
Initial Monthly P&I Payment:
$534.93
Index: COFI
Margin: 4%
Lifetime Max: 9%
Lifetime Min: 5%
First Change Cap: 2%
Subsequent Change Cap: 2%
Closing Costs: $5,668
Cash to Close: $14,668
Prepayment Penalty: No
Escrow: Yes
Term: 30 Year
Product: 5 Year Interest Only, 5/3
Adjustable Rate
Sale Price: $240,000
3

TYPE OF CLOSING
DISCLOSURE

Easy ARM B

Difficult ARM A

LOAN TERMS
Lifetime Max: 9%
Lifetime Min: 4.25%
First Change Cap: 3%
Subsequent Change Cap: 2%
Closing Costs: $7,265
Cash to Close: $15,102
Prepayment Penalty: No
Escrow: Yes, Partial Escrow
Term: 30 Year
Product: 3/3 Adjustable Rate
Sale Price: $135,000
Loan Amount: $121,000
Interest Rate: 3.375%
Initial Monthly P&I Payment:
$534.93
Index: COFI
Margin: 4%
Lifetime Max: 9%
Lifetime Min: 5%
First Change Cap: 2%
Subsequent Change Cap: 2%
Closing Costs: $7,703
Cash to Close: $15,472
Prepayment Penalty: No
Escrow: Yes, Partial Escrow
Term: 30 Year
Product: 5 Year Negative
Amortization, Step Payment, 5/3
Adjustable Rate

Appendix G to Supporting Statement of
Bureau of Consumer Financial Protection
Quantitative Testing of Integrated Mortgage Loan Disclosure Forms
NAME OF BANK

Hornbeam Bank

TYPE OF LOAN
ESTIMATE

Difficult ARM B

LOAN TERMS
Loan Amount: $211,000
Interest Rate: 4.0%
Initial Monthly P&I Payment:
$703.33
Index: MTA
Margin: 4%
Lifetime Max: 12%
Lifetime Min: 3.25%
First Change Cap: 2%
Subsequent Change Cap: 2%
Closing Costs: $8,791
Cash to Close: $27,791
Prepayment Penalty: No
Escrow: No
Term: 30 Year
Product: 7 Year Interest Only, 7/1
Adjustable Rate
Sale Price: $240,000
Loan Amount: $211,000
Interest Rate: 4.25%
Initial Monthly P&I Payment:
$747.29
Index: LIBOR
Margin: 4%
Lifetime Max: 8%
Lifetime Min: 4.5%
First Change Rate Cap: 1%
Subsequent Change Cap: 1%
Closing Costs: $7,296
4

TYPE OF CLOSING
DISCLOSURE

Difficult ARM B

LOAN TERMS
Sale Price: $240,000
Loan Amount: $211,000
Interest Rate: 4.0%
Initial Monthly P&I Payment: $500
Index: MTA
Margin: 4%
Lifetime Max: 12%
Lifetime Min: 3.25%
First Change Cap: 2%
Subsequent Change Cap: 2%
Closing Costs: $13,519
Cash to Close: $30,589
Prepayment Penalty: No
Escrow: Yes, Partial Escrow
Term: 30 Year
Product: 5 Year Negative
Amortization, Option ARM, 7/1
Adjustable Rate
Sale Price: $240,000
Loan Amount: $214,000
Interest Rate: 4.125%
Initial Monthly P&I Payment: $400
Index: LIBOR
Margin: 4%
Lifetime Max: 8%
Lifetime Min: 4.5%
First Change Rate Cap: 1%
Subsequent Change Cap: 1%
Closing Costs: $13,743

Appendix G to Supporting Statement of
Bureau of Consumer Financial Protection
Quantitative Testing of Integrated Mortgage Loan Disclosure Forms
NAME OF BANK

TYPE OF LOAN
ESTIMATE

LOAN TERMS
Cash to Close: $26,296
Prepayment Penalty: No
Escrow: Yes

TYPE OF CLOSING
DISCLOSURE

LOAN TERMS

TYPE OF CLOSING
DISCLOSURE
Easy Fixed A
Easy Fixed B
Difficult Fixed A
Difficult Fixed B
Easy ARM A
Easy ARM B
Difficult ARM A
Difficult ARM B

LOAN TERMS

Cash to Close: $27,788
Prepayment Penalty: No
Escrow: Yes, Partial Escrow

Current Disclosures (Name Set One)
NAME OF BANK
Maple Bank
Nandina Bank
Oak Bank
Pine Bank
Quince Bank
Redbud Bank
Spruce Bank
Tulip Bank

TYPE OF LOAN
ESTIMATE
Easy Fixed A
Easy Fixed B
Difficult Fixed A
Difficult Fixed B
Easy ARM A
Easy ARM B
Difficult ARM A
Difficult ARM B

LOAN TERMS
See above.
See above.
See above.
See above.
See above.
See above.
See above.
See above.

5

See above.
See above.
See above.
See above.
See above.
See above.
See above.
See above.

Appendix G to Supporting Statement of
Bureau of Consumer Financial Protection
Quantitative Testing of Integrated Mortgage Loan Disclosure Forms

Integrated Disclosures (Name Set Two)
NAME OF BANK
Maple Bank
Nandina Bank
Oak Bank
Pine Bank
Quince Bank
Redbud Bank
Spruce Bank
Tulip Bank

TYPE OF LOAN
ESTIMATE
Easy Fixed A
Easy Fixed B
Difficult Fixed A
Difficult Fixed B
Easy ARM A
Easy ARM B
Difficult ARM A
Difficult ARM B

LOAN TERMS

TYPE OF CLOSING
DISCLOSURE
Easy Fixed A
Easy Fixed B
Difficult Fixed A
Difficult Fixed B
Easy ARM A
Easy ARM B
Difficult ARM A
Difficult ARM B

See above.
See above.
See above.
See above.
See above.
See above.
See above.
See above.

LOAN TERMS
See above.
See above.
See above.
See above.
See above.
See above.
See above.
See above.

Current Disclosures (Name Set Two)
NAME OF BANK
Aspen Bank
Balsam Bank
Cottonwood Bank
Dogwood Bank
Elm Bank
Fir Bank
Ginkgo Bank
Hornbeam Bank

TYPE OF LOAN
ESTIMATE
Easy Fixed A
Easy Fixed B
Difficult Fixed A
Difficult Fixed B
Easy ARM A
Easy ARM B
Difficult ARM A
Difficult ARM B

LOAN TERMS

TYPE OF CLOSING
DISCLOSURE
Easy Fixed A
Easy Fixed B
Difficult Fixed A
Difficult Fixed B
Easy ARM A
Easy ARM B
Difficult ARM A
Difficult ARM B

See above.
See above.
See above.
See above.
See above.
See above.
See above.
See above.

6

LOAN TERMS
See above.
See above.
See above.
See above.
See above.
See above.
See above.
See above.