Page 9 - AAG126_HECM for Purchase Booklet for Real Estate Professionals
P. 9
#2 AAG HECM for Purchase Loan
Sales Price $200,000 $300,000 $500,000 $700,000
Age Estimated Cash to Close*
62 $122,882¹ $182,618² $300,684³ $417,643⁴
65 $118,882⁵ $175,571⁶ $290,684⁷ $403,643⁸
70 $112,082⁹ $166,418¹⁰ $273,684¹¹ $379,843¹²
75 $106,882¹³ $158,618¹⁴ $260,684¹⁵ $361,643¹⁶
*Closing costs included
¹This example is based on the youngest borrower ¹⁰This example is based on the youngest borrower
age 62, Annual Percentage Rate (APR) of 5.705%, age 65, APR of 5.627%, home purchase price of
home purchase price of $200,000, IMIP of $4,000, $500,000, IMIP of $10,000, origination fee of $6,000,
origination fee of $4,000, and other closing costs of and other closing costs of $4,184.
$2,682.
¹¹This example is based on the youngest borrower
²This example is based on the youngest borrower age 70, APR of 5.678%, home purchase price of
age 65, APR of 5.764%, home purchase price of $500,000, IMIP of $10,000, origination fee of $6,000,
$200,000, IMIP of $4,000, origination fee of $4,000, and other closing costs of $4,184.
and other closing costs of $2,682.
¹²This example is based on the youngest borrower
³This example is based on the youngest borrower age 75, APR of 5.771%, home purchase price of
age 70, APR of 5.831%, home purchase price of $500,000, IMIP of $10,000, origination fee of $6,000,
$200,000, IMIP of $4,000, origination fee of $4,000, and other closing costs of $4,184.
and other closing costs of $2,682.
¹³This example is based on the youngest borrower
⁴This example is based on the youngest borrower age 62, APR of 5.532%, home purchase price of
age 75, APR of 5.952%, home purchase price of $700,000, IMIP of $14,000, origination fee of $6,000,
$200,000, IMIP of $4,000, origination fee of $4,000 and other closing costs of $4,943.
and other closing costs of $2,682.
¹⁴This example is based on the youngest borrower
⁵This example is based on the youngest borrower age 65, APR of 5.573%, home purchase price of
age 62, APR of 5.655%, home purchase price of $700,000, IMIP of $14,000, origination fee of $6,000,
$300,000, IMIP of $6,000, origination fee of $5,000, and other closing costs of $4,943.
and other closing costs of $3,318.
¹⁵This example is based on the youngest borrower
⁶This example is based on the youngest borrower age 70, APR of 5.618%, home purchase price of
age 65, APR of 5.717%, home purchase price of $700,000, IMIP of $14,000, origination fee of $6,000,
$300,000, IMIP of $6,000, origination fee of $5,000, and other closing costs of $4,943.
and other closing costs of $2,271.
¹⁶This example is based on the youngest borrower
⁷This example is based on the youngest borrower age 75, APR of 5.700%, home purchase price of
age 70, APR of 5.769%, home purchase price of $700,000, IMIP of $14,000, origination fee of $6,000,
$300,000, IMIP of $6,000, origination fee of $5,000 and other closing costs of $4,943.
and other closing costs of $3,318.
HECM Fixed rates are effective as of July 2019 and
⁸This example is based on the youngest borrower subject to change without notice.
age 75, APR of 5.879%, home purchase price of
$300,000, IMIP of $6,000, origination fee of $5,000,
and other closing costs of $3,318.
⁹This example is based on the youngest borrower
age 62, APR of 5.581%, home purchase price of
$500,000, IMIP of $10,000, origination fee of $6,000,
and other closing costs of $4,184.
aag.com/realestateprofessionals 9