Itemization of amount financed sample 2025

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  1. Click ‘Get Form’ to open the itemization of amount financed sample in the editor.
  2. Begin by entering your Mailing Address and Property Address in the designated fields. Ensure accuracy for effective communication.
  3. Input your Loan Number and select the Loan Type from the dropdown menu, which helps categorize your loan appropriately.
  4. Fill in the Preparation Date and Estimated Interest Rate. These details are crucial for understanding your loan terms.
  5. Enter the Loan Amount, Prepaid Finance Charge, and calculate the Amount Financed. This section summarizes your financial obligations clearly.
  6. Finally, review the acknowledgment statement at the bottom. Confirm that you understand there is no commitment from the creditor before signing.

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Providing an itemized estimate creates a clear list of labor hours, material costs, and additional costs affecting the project total. This level of transparency helps even the most price-conscious customer rest easy knowing all the details of their upcoming project.
The amount financed is the loan amount applied for, minus the prepaid charges. The amount financed may be lower than the amount you applied for because it represents a net figure: its equal to your loan amount minus any prepaid fees.
The amount financed is shown on page 5 of your Closing Disclosure under Loan Calculations. For example, if you have a $100,000 loan, but the lender is charging you $4,000 in certain types of fees in order to get the loan, the amount financed would be $96,000.
The amount financed is the money you are borrowing from the lender, minus most of the upfront fees the lender is charging you.
For the purposes of this subparagraph, itemization of the amount financed means a disclosure of the following items, to the extent applicable: (i) the amount that is or will be paid directly to the consumer; (ii) the amount that is or will be credited to the consumers account to discharge obligations owed to the