Loan Amount $21,500
Now you subtract non-APR fees that are included in the points and fees test. Since you are using an affiliated title company, you need to subtract this from your loan amount (Both agency and underwriting portion). QUESTION: Is the $153 the total title insurance premium OR just the Agency's portion?? Only the agency portion is calculated in the points and fees. I am going to ASSUME it is the total premium for this post. Is the $11 flood the flood certification fee OR the flood monitoring fee?
So, with the Non-APR fees subtracted, you get a total loan amount of $21,347 ($21,500 - title insurance premium)
Total Points and Fees Limit = $1,067.35 (5% of total loan amount)
Now add up your points and fees:
Flood Insurance ($11) + AGENCY portion of Title Insurance Premium Only) = Points and Fees
Is it less than $1,067.35 ? If so, you pass the points and fees test.