✅ Real Closed File Review – New Hyde Park, NY
- marketing928870
- Dec 30, 2025
- 2 min read
At LJ Mortgage Team Inc., transparency matters. Every successful closing tells a story and this one is a great example of how strong financial structure, smart planning, and clear communication lead to smooth results. Below is a real closed file from New Hyde Park, NY, broken down so buyers and homeowners can see what a completed loan actually looks like at the closing table.
🏡 Property & Loan Snapshot
Purchase Price: $825,000
Down Payment: $165,000 (20%)
Loan Amount: $660,000
Loan Type: Conventional – 30 Year Fixed
Interest Rate: 6.625%
This deal benefited from a clean conventional structure and competitive pricing, helping the borrowers move forward with confidence.
👥 Borrower Profile
Number of Borrowers: 2
Credit Score: 700
Household Income: $150,000 annually
Monthly Liabilities: $350
A balanced debt profile and solid credit played a key role in securing approval and favorable loan terms.
💵 Monthly Housing Costs
Principal & Interest: $4,226.05
Escrow: $0
Total Monthly Payment (P&I): $4,226.05
Taxes & Insurance (paid separately):
Property Taxes: $14,130/year
Home Insurance: $1,337/year
Estimated Monthly Taxes & Insurance: ~$1,288.92
This structure gave the borrowers flexibility while maintaining predictable mortgage payments.
📑 Closing Breakdown
Closing Costs: $17,985.83
Closing Cost Percentage: ~2.18%
Total Cash to Close: $153,279.83
No surprises. No last-minute changes. Just a clear path from application to keys in hand.
⭐ Why This Closing Worked
This transaction was smooth from start to finish because of:
Strong borrower fundamentals
Proper pricing strategy
Clean documentation
A straightforward Conventional loan structure
At LJ Mortgage Team Inc., we focus on clarity, strategy, and execution, so every client knows exactly what to expect before they sit down at the closing table.
Another successful closing in New Hyde Park, NY, and another homeowner moving forward with confidence.
📍 Your Local Guide to Homeownership
LJ Mortgage Team Inc.
127-03 Rockaway Blvd South Ozone Park, NY 11420
📞 (516) 218-1297
LJ Realty Team Buy • Sell • Rent Equal Housing Opportunity
LJ Mortgage Team Inc. – NMLS #2120286
Purchase & Refinance NYS Registered
Mortgage Broker NYS Department of Financial Services
Mortgage Broker Only. Not a mortgage lender or mortgage correspondent lender. Broker arranges mortgage loans with third-party providers. We do not make any mortgage loan commitments or fund mortgage loans. Licensed by the NJ Department of Banking and Insurance. For licensing information: www.nmlsconsumeraccess.org
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