Allowable Discount Calculation
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Scenario 1Scenario 2Explanation
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Loan Amount$250,000.00
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Interest Rate (Base)4.75%4.75%
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LLPA Rate Adjust0.006250.63% Rate bump to -0- out LLPA discount cost
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Rate with LLPA 5.375%5.375%
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Term3030
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Payment$1,399.93$1,399.93
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Total Points Fees1.5%3%
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Borrower Paid Fees (Inc Broker Comp)$3,750.00$7,500.00Add ALL borrower paid fees
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APR5.51%5.65%
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APOR4.57%4.57%From PMMS
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Max Spread for 2% Disc5.57%5.57%
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Available Spread (-) Over (+)-0.06%0.08%If a positive number, max discount is 1
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Max Point Buyup for 2 discount0.17607-0.24257
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HMPL Margin (1.5 + APOR) 0.56%0.42%If a positive number, not HMPL Loan
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LLPA Calculator
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95% 620 3.75%Compute the cost for each LLPA. The total will be applied against a standard .375=.125 buyup formula
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Hi-Rise Condo0.75%
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0
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Total4.5%
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Rate Adjustment1.50%
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