Sonic Realty

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Mortgage Calculator

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Sonic Realty’s Mortgage Calculator is a powerful tool designed to assist homebuyers in understanding their financial commitments when purchasing a property. This intuitive calculator simplifies the complex process of estimating mortgage payments, enabling users to make informed decisions about their home buying journey.

At the heart of Sonic Realty’s Mortgage Calculator is its user-friendly interface, which allows users to input key variables such as loan amount, interest rate, loan term, and down payment. With just a few clicks, users can quickly generate accurate estimates of their monthly mortgage payments, helping them budget effectively and plan for their future expenses.

One of the standout features of Sonic Realty’s Mortgage Calculator is its flexibility. Users can experiment with different scenarios by adjusting variables such as interest rates and down payments to see how these changes impact their monthly payments. This flexibility empowers users to explore various financing options and choose the one that best fits their financial situation and long-term goals.

Furthermore, Sonic Realty’s Mortgage Calculator goes beyond basic payment estimates by providing valuable insights into the total cost of homeownership. Users can view detailed breakdowns of their monthly principal and interest payments, as well as estimates for property taxes, homeowners insurance, and private mortgage insurance (PMI) if applicable. This comprehensive view of expenses helps users understand the full financial picture of owning a home and plan accordingly.

In addition to its practical functionality, Sonic Realty’s Mortgage Calculator also offers peace of mind to users by ensuring accuracy and reliability. The calculator utilizes up-to-date algorithms and industry-standard formulas to generate precise estimates, giving users confidence in the information provided.

Overall, Sonic Realty’s Mortgage Calculator is an indispensable tool for anyone navigating the home buying process. Whether you’re a first-time homebuyer or a seasoned investor, this calculator empowers you to make informed decisions and embark on your homeownership journey with confidence.

Affiliated Business Arrangement Disclosure Statement
This is to give you notice that Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC have a business relationship. The nature of the relationship between the Referring Party and the provider(s), including percentage of ownership interest, if applicable, is: Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC are all 100% owned by the same party. Because of this relationship, this referral may provide any of the above parties with financial or other benefit.
A. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of your loan on, or purchase, sale, or refinance of, the subject property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement Service Charge or Range of Charges
Sonic Realty LLC 1%-6% of purchase price
Sonic Title Agency, LLC Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.)
Title Search Fee: $250 - $325 (where applicable)
Closing Fee: $450 - $650
Sonic Loans Inc.

This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing.

Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees)
Loan Discount Fee/points: 0.5%-6% of loan amount.
Application/Processing Fee: $0.00 - $875.00
Flood and tax service: $0.00 - $95.00
Underwriting Fee: $0.00 - $1295.00
Document Review Fee: $0.00 - $400.00
Appraisal Fee: $0.00 - $850.00
Credit Report Fee: $0.00 - $135.00

Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing.
B. Set forth below is the estimated charge or range of charges for the settlement services of an attorney, credit reportingagency, or real estate appraiser that we, as your lender, will require you to use, as a condition of your loan on this property, to represent our interests in the transaction.
Sonic Loans Inc. provides mortgage lender/broker services. Sonic Realty LLC provides real estate brokerage services. Sonic Title Agency LLC provides title insurance and settlement services.

Provider and Settlement Service Charge or Range of Charges
Appraisal Fee $0-$800
Credit Report Fee $63-$125
 Actual charges may vary depending on the lender and loan program selected which can be found on your loan estimate.
ACKNOWLEDGMENT
I/we have read this disclosure form and understand that Sonic Loans Inc., Sonic Realty, LLC, or Sonic Title Agency LLC are referring me/us to purchase the above-described settlement service(s) and may receive a financial or other benefit as the result of this referral.
Acknowledge
  • Sonic Realty LLC holds a Real Estate Brokerage license in the state of Michigan.

Sonic Realty is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our site for everyone and welcome and recommendations to improve.

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