We have a customer who is taking out a loan with another FI for the down payment. Here is what our Calculating Cash to Close section on the LE is looking like. Is this correct? I am unsure about how the $45,000 is disclosed twice.
Total Closing Costs (J) $3,040.00
Closing Cost Financed (Paid from your loan amount) $0.00
Down Payment/Funds from Borrower $45,000.00
Funds for Borrower $0.00
Seller Credits $0.00
Adjustments and Other Credits -$45,000.00
Estimated Cash to Close $2,540.00