Texas 50(a)(6) Home Equity 2% Worksheet

Texas 50(a)(6) Home Equity 2% Worksheet

STEP 1: Maximum Fees

$ (Loan Amount)

x 2% = $

(Maximum Fees)

STEP 2: Total Fees

Total the borrower fees to be included in the 2% calculation as reflected on the Closing Disclosure as follows:

D. Total Loan Costs (Borrower Paid) $

Minus

Bona Fide Discount Points

$

Appraisal Fee *

$

Lender's Title Insurance or Title Examination Fee

$

Survey

$

Lender Credits

$

* Only the amount paid directly to the appraiser may be subtracted.

Plus E. Taxes and Other Government Fees

$ ___________

Mortgage Insurance Premium

$ ___________

Total Fees $ ___________

STEP 3

$______________ must be equal to or less than $ ______________

(Total Fees)

(Maximum Fees)

Step 2

Step 1

Compare the Total Fees calculated in Step 2 with the Maximum Fees calculated in Step 1. If Total Fees are greater than the Maximum Fees, then the fees being charged to the borrower must be reduced.

Equal Housing Lender. Mortgages are offered and originated by Citizens Bank, N.A. Citizens is a brand name of Citizens Bank, N.A. (NMLS ID #433960). For mortgage banking professionals only; not authorized for distribution to consumers or third-parties. ?2022 Citizens Financial Group, Inc. All rights reserved.

Original Issue Date: 12/2013 Last Revision Date: 02/09/2018 Last Reviewed Date:02/09/2018

Texas 50(a)(6) Home Equity 2% Worksheet For Wholesale Customers Only

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