Mortgage processing GFE calculation
"The Good faith estimate program was created for calculating the
settlement closing costs" (GFE). It provides all required Real Estate
Settlement Procedures Act (RESPA) information that is required for disclosure.
The program is being used by real estate professionals and consumers to
estimate total funds needed to buy residential real estate at a given price,
interest rate, and term.
The program also calculated the total monthly payment regarding principal,
interest, taxes, Insurance (PITI). This tool was developed and installed as an
online GFE calculator, where the users will supply the website with information
such as sale price, term, down payment, interest rate, taxes, insurance and
days of interest.
The GFE calculator generates the GFE in a downloadable PDF format which the
users can save on their computer.
We developed a LAMP (software bundle), which is an open source
web platform consisting of Linux, Apache, MySQL and PHP that runs dynamically
on Web sites or servers.
The GFE calculator can be viewed at http://atlantahouses.com/index.php
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