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The First Payment Letter is provided by your lender when you close your mortgage that notes the amount of your monthly mortgage payment, when the payment is due and where to send the payment. Please note that this is an example First Payment Letter document that should be used for informational purposes only.
Loan terms assume conforming mortgage amount, 80% LTV ratio and minimum borrower credit score of 740. Purchases and rate and term refinances only. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.