Have a situation where I'm not sure I agree with our LOS vendor.

Loan Amount = 250,080
Total Closing Costs (J) = 3,100
Total Payoffs and Payments = 250,000
Cash to Close from Borrower is $3,020 I'm fine with that.

But, they are saying Closing Costs Financed are $0. I think they should be $80. (Difference between the Loan Amount and the Total Payoffs and Payments.)

If I'm wrong, please explain in easy to understand words.

(v) Closing costs financed. The sum of the amounts disclosed under paragraphs (h)(2)(i) and (iii) of this section, but only to the extent that the sum is greater than zero and less than or equal to the sum disclosed under paragraph (g)(6) of this section, labeled “Closing Costs Financed (Paid from your Loan Amount).”

If you follow that formula, you get $80.

Bville,
We may have a similar issue with financing UFMIP. We have always disclosed the UFMIP as a negative number in the calculating cash to close box under "Closing Cost Financed". We are now being told by our QC company that this is incorrect. I outlined this in the thread last week. It as MIP and cash to close.