Cash Loan Purchase Statement examples:
Fixed-Rate Servicing Retained
The total disbursement for this type of contract is calculated as follows:
| Name | Add or Subtract | Amount |
| Principal Purchased | N/A | $3,307,491.00 |
| Accrued Interest | + | $618.15* |
| Total Fees | + | $26,138.40* |
| Premium (Discount) | + |
$73,905.19* This amount is added or deducted to/from the Total Disbursement depending on the base price:
|
| Total Disbursement | = | $3,355,75.94 (Amount wired to the Seller) |
| *If this amount is enclosed in parentheses, it is deducted from the Total Disbursement. | ||
Fixed-Rate Servicing Released
The total disbursement for this type of contract is calculated as follows:
| Assumption: Freddie Mac Funding Date is in the month prior to the last paid installment due date | ||
| Name | Add, Subtract, or Equal | Total Amount |
| Principal Purchased | N/A | $256,500.00 |
| Accrued Interest | + | $1,152.54 |
| Total Fees | - | $(641.25) |
| Premium (Discount) | + | $8,741.07* |
| Servicing Released Proceeds Summary | - | $(2,365.20)** |
| Total Disbursement | = | $263,387.16 (Amount wired to the Seller) |
| Amounts in parentheses are deducted from the Total Disbursement | ||
| **Deductions for servicing related adjustments as displayed in the Servicing Released Proceeds Summary section. For more information, refer to Guide Chapter 6101 and Exhibit 28A. The amounts in the Servicing Released Proceeds Summary are wired to the Servicer on the settlement/funding date. | ||
| Breakdown of Proceeds to Servicer - See Servicing Released Proceeds Summary | ||
| Name | Add, Subtract, or Equal | Total Amount |
| Escrow Funds Collected at Closing | N/A | $682.07 |
| Buydown Collected at Closing (unapplied Buydown Subsidy) | + | $0.00 |
| Interest Adjustment | + | $1,440.67 |
| Servicing Spread Adjustment | + | $12.46 |
| Tax Fee | + | $80.00 |
| Transaction Fee | + | $150.00 |
| *Total Funding Adjustments Transferred to Servicer | = | $2,365.20** |
| *The Premium (Discount), in the example above, was calculated as follows: | ||
| Name | Add, Subtract, Multiply or Equal | Amount |
| Base Price | N/A | 103.407 |
| Loan SRP | - | (1.255) |
| Sub total | = | 102.15 |
| Par | - | (100.000) |
| Sub total | = | 0.0215 |
| Principal Purchased | x | $256,500 |
| Sub total | = | $5,522.44 |
| SRP Amount | + | $3,218.64 |
| Total Premium (Discount) | = | $8,741.07 |
The Loan SRP which displays in the Servicing Released Proceeds Summary section, may be truncated and/or rounded. To view the Loan SRP as a rate (before it is rounded and/or truncated), create a custom export. For step-by-step instructions on how to export data and create custom exports, access the job aids shown below:
- Learn how to export data and create custom data sets.
- Access an additional job aid on how to Map Loan Purchase Statement Data Fields using the Summary Data MISMO 3.30 data set. The Loan SRP data field is available in the Summary MISMO 3.0 data set.
Secured Overnight Financing Rate (SOFR) ARM Servicing Retained
The total disbursement for this type of contract is calculated as follows:
| Name | Add or Subtract | Amount |
| Principal Purchased | N/A | $117,500.00 |
| Accrued Interest | + | $29.57* |
| Total Fees | + | $0.00* |
| Premium (Discount) | + |
$(5,688.17)* This amount is added or deducted to/from the Total Disbursement depending on the base price:
|
| Total Disbursement | = | $111,841.20 (Amount wired to the Seller) |
| *If this amount is enclosed in parenthesis, it is deducted from the Total Disbursement. | ||
