Calyx Point 7 User Manual page 203

Complete the
4
This section calculates the total cash the borrower needs to close the transaction, or
the amount of money they will receive back.
a
b
c
d
The
The
are applied in the
Point User Guide
Cash Investment Requirements
The
Minimum Down Payment
from the
Sales Price Maximum Mortgage Amount
manually edit this field, click the lock box to enable the field.
The
Refi (Incl Debts to be Paid Off)
, and
Points Subordinate Financing
entered in the Loan Application
next to
Refi (Incl Debts to be Paid Off)
To add or edit additional itemized closing costs, click the CC Adjustments for
FHA button to open the FHA: Additional Itemized Closing Costs
This dialog box is also accessible from the
Loan Application
.
The
Upfront MIP Paid in Cash
that was entered in the Mortgage Insurance Premium/Funding Fee
box. Click the lock box to manually edit this field.
field calculates the total of all credit sources that are applied to the loan.
Credits
Cash from/to Borrower
Cash Investment Requirements
Cash from/to Borrower
If the
Borrower Details of Transaction
in the
Estimate Loan Application
and
of the screen.
section.
field is automatically calculated by subtracting the
,
Prepaid Expenses
fields are populated with information that was
and Good Faith Estimate
to manually edit the field.
Tip
Good Faith Estimate
field is automatically populated from information
field calculates the total of all credits from all sources that
section.
Warning
field does not match the
section on the
, a message is displayed at the bottom
FHA loans
for a purchase transaction. To
, ,
Closing Costs Discount
. Click the lock box
dialog box.
and the
dialog
Cash from/to
Good Faith
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