Jump to main content

# How is Down Payment/Funds from Borrower and Funds for Borrower determined?

Loan EstimateFor a purchase loan, Down Payment/Funds from Borrower and Funds for Borrower is the difference between the Total Existing Debt Being Satisfied/Disbursements Not Disclosed in Total Closing Costs and Unpaid Principal Balance.
Note: Total Existing Debt Being Satisfied and Disbursements Not Disclosed in Total Closing Costs are found on the Calculations page under the Calculating Cash to Close section.

For a purchase loan, the Total Existing Debt Being Satisfied/Disbursements Not Disclosed in Total Closing Costs is the Sales Price of the property.

If the amount calculated is greater than zero, then this amount will be disclosed as Down Payment/Funds from Borrower in the Cash To Close table of the Loan Estimate document. Otherwise, zero will be disclosed.

If the amount is less than zero, then this amount will be disclosed as Funds for Borrower. Otherwise, zero will be disclosed.

Closing Disclosure

For a purchase loan, Down Payment/Funds from Borrower and Funds for Borrower is determined as the difference between the Sales Price and Unpaid Principal Balance.

The Sales Price of Property is entered on the Collateral Details page.

If the amount calculated is greater than zero, then this amount will be disclosed as Down Payment/Funds from Borrower in the Cash To Close table of the Loan Estimate document. Otherwise, zero will be disclosed.

If the amount is less than zero, then this amount will be disclosed as Funds for Borrower. Otherwise, zero will be disclosed.