Description: This is a
sample of a completed Loan Estimate for a transaction that is for
a refinance of an existing mortgage loan that secures the property,
for which the consumer is estimated to receive funds from the transaction.
The estimated property value is $180,000, the loan amount is $150,000,
the estimated outstanding balance of the existing mortgage loan is
$120,000, and the interest rate is 4.25 percent. The consumer has
elected to lock the interest rate. The creditor requires an escrow
account and that the consumer pay for private mortgage insurance.
