American Commerce  Mortgage Company

Fee Worksheet

Applicant(s):          _______________________________________________________________________________

Property Address: _______________________________________________________________________________

Sales Price (Purchase):  $__________________________   Estimated Value (Refi):  $___________________________

Loan Amount Requested:  $______________  Loan to Value: ______________%      Estimated Rate: _____________%

Loan Type:  ______________  1st TD ______  2nd TD ______ Program Type: _____________     Term: ___________

FHA Base Loan Amount: $____________ Upfront MIP:  $____________Total FHA Loan Amount:  $____________

ESTIMATED SETTLEMENT CHARGES                   Estimated Closing Date: ________  First Payment Date: ________

Prepaid Recurring Expenses:

1.   ____Days Interest @ $______Per Day ......                              ______________                          7. Hazard Ins Premium                                   .....................   ______________

2.   Property Tax Impounds ______ Months ....  ______________  8.   Haz Ins Impounds______Months ..      ______________

3.   1st Half Taxes / 2nd Half Taxes .................  ______________  9.   Initial M.I. Premium ..................... ______________

4.   Interest Existing Liens ...............................  ______________  10.  M.I. Impounds ______ Months .... ______________

5.   Condo HO6 Insurance ................................ ______________  11.  HOA Dues .....................................      ______________

6.   Condo HO6 Impounds______Months .......   ______________  TOTAL PREPAIDS ............................      $_____________

Non-Recurring Closing Costs:

1.   Loan Origination Fee ______% ...............   ______________  16.  Escrow Fee ...................................      ______________

2.   Loan Discount Fee ______% ...................   ______________  17.  Notary Fee .....................................      ______________

      (VA/FHA Only) ........................................  ______________  18.  Wire Fee .......................................      ______________

3.   VA Funding Fee ______% ......................   ______________  19.  Audit Fee ......................................      ______________

4.   Appraisal Fee ............................................. ______________  20.  Courier/Messenger Fee .................      ______________

5.   Credit Report(s) Fee ..................................  ______________  21.  Loan Tie In Fee ............................      ______________

6.   Review Appraisal ......................................  ______________  22.  Administrative Fee ....................... ______________

7.   Tax Service Fee ......................................... ______________  23.  Document Prep Fee ......................      ______________

8.   Pest Inspection ........................................... ______________  24.  Underwriting Fee ..........................      ______________

9.   Processing Fee ........................................... ______________  25.  Title Insurance Fee .......................      ______________

10.  Warehouse Fee .......................................... ______________  26.  Endorsement Fee ..........................      ______________

11.  Owner's Title Policy (Purchase:  Seller Cost) .....   ______________  27.  Sub Escrow Fee ............................      ______________

12.  Transfer Tax (Purchase:  Seller Cost) ..................                              ______________                         28. Wire Transfer Fee      .........................          ______________

13.  County Recording Fees ..............................  ______________  29.  Condo/PUD Management Fee ...... ______________

14.  Flood Certification ....................................   ______________  30.  HOA Cert ......................................      ______________

15.  Reconveyance Fee (Existing Lender) ................                              ______________ TOTAL CLOSING COSTS      .................                  $_____________                                                                                                                                               

*TOTAL PREPAID RECURRING EXPENSES + NON-RECURRING CLOSING COSTS .........................      $____________*

YSP:  NOT A DIRECT COST $_________________     ____________%

PAYMENT BREAKDOWN                         PURCHASE DETAILS                              REFINANCE DETAILS

Principal & Interest ___________________  Down Payment ___________________     New Loan      ___________________

Property Taxes     ___________________   Total Costs*    ___________________      -Liens    (__________________)

Hazard Insurance  ___________________   Less Deposit  (__________________)      -*Costs  (__________________)

Mtg. Ins./MIP       ___________________   Less Credits   (__________________)      +Credits ___________________

HOA/2nd/Other    ___________________   Seller Paying  (__________________)     

Estimated                                                       Estimated Cash                                           Estimated

Monthly Payments $__________________   Required to Close $________________      Proceeds      $____________________                 

_____________________________________   ___________              _____________________________________   ___________

Applicant Signature                                             Date                      Applicant Signature                                              Date