Mortgage Purchase Loan Analysis
	For a Primary Residence Located In Oregon
	March 16, 2003
		Prepared for:	Roger Smith		Prepared by:	MICHAEL SMITH
			Po Box 3236			"Your Bank"
			Sunriver, Or 97707			714 Main Street
						Portland, OR 97068
		Phone:	541-593-1756		Phone:	(541) 884-3444
		Fax:	541-593-1756		Fax:	(541) 884-6515
		Branch Contact:			Branch Phone:
		Branch Name:			Branch Fax:
												45 Day Lock	45 Day Lock	45 Day Lock	45 Day Lock
	Rates Effective February 13, 2003 @ 8:50AM
				(C30F) CONF 30 YR FIXED 45 Day Lock	(C15F) CONF 15 YR FIXED 45 Day Lock	(FH5-1A) CONF 5-1 ARM 45 Day Lock	(7YRBAL) 7 YR BALLOON 45 Day Lock					(C30F) CONF 30 YR FIXED	(C15F) CONF 15 YR FIXED	(FH5-1A) CONF 5-1 ARM	(7YRBAL) 7 YR BALLOON
		Purchase Price		$150,000.00	$150,000.00	$150,000.00	$150,000.00					########	########	########	########
		Loan-to-Value (LTV)		80.00%	80.00%	80.00%	80.00%					80.00%	80.00%	80.00%	80.00%
		Base Amount		$120,000.00	$120,000.00	$120,000.00	$120,000.00					########	########	########	########
		Note Amount		$120,000.00	$120,000.00	$120,000.00	$120,000.00					########	########	########	########
		Loan Term (Months)		360	180	360	360					360	180	360	360
		Initial Interest Rate		5.625%	4.875%	4.625%	5.000%					5.625%	4.875%	4.625%	5.000%
		Qualifying Interest Rate		5.625%	4.875%	4.625%	5.000%					5.625%	4.875%	4.625%	5.000%
		Index		N/A	N/A	1.320%	N/A					N/A	N/A	1.320%	N/A
		Margin		N/A	N/A	2.750%	N/A					N/A	N/A	2.750%	N/A
		Interest Rate Caps		N/A	N/A	2 / 2 / 5	N/A					N/A	N/A	2 / 2 / 5	N/A
		Lifetime Maximum Rate (Ceiling)		N/A	N/A	9.625%	N/A					N/A	N/A	9.625%	N/A
		Annual Percentage Rate (APR)		5.847%	5.242%	4.767%	5.078%					5.847%	5.242%	4.767%	5.078%
	801	Loan Origination Fee		1.000%	1.000%	1.000%	0.375%					1.000%	1.000%	1.000%	0.375%
	802	Loan Discount		0.875%	0.875%	0.125%	0.000%					0.875%	0.875%	0.125%	0.000%
	Estimated Monthly Payments
		Principal and Interest		$690.79	$941.16	$616.97	$644.19					$690.79	$941.16	$616.97	$644.19
		Property Taxes		$187.50	$187.50	$187.50	$187.50					$187.50	$187.50	$187.50	$187.50
		Hazard Insurance		$50.00	$50.00	$50.00	$50.00					$50.00	$50.00	$50.00	$50.00
	Total Monthly Housing Expense			$928.29	$1,178.66	$854.47	$881.69					$928.29	########	$854.47	$881.69
	Items Payable in Connection With Loan
	801	Loan Origination Fee		$1,200.00	$1,200.00	$1,200.00	$450.00					$1,200.00	$1,200.00	$1,200.00	$450.00
	802	Loan Discount		$1,050.00	$1,050.00	$150.00	$0.00					$1,050.00	$1,050.00	$150.00	$0.00
	803	Appraisal Fee		$450.00	$450.00	$450.00	$450.00					$450.00	$450.00	$450.00	$450.00
	804	Credit Report Fee		$20.00	$20.00	$20.00	$20.00					$20.00	$20.00	$20.00	$20.00
	805	Lender's Inspection Fees
	806	Mortgage Insurance Application Fee
	807	Assumption Fee
	808	Application Fee
	809	Processing Fee
	810	Tax Lien Service Fee		$65.00	$65.00	$65.00	$65.00					$65.00	$65.00	$65.00	$65.00
	811	Underwriting Fee
	812	Flood Hazard Determination Fee		$16.00	$16.00	$16.00	$16.00					$16.00	$16.00	$16.00	$16.00
	813	Document Preparation Fee
	814	Administrative Fee		$500.00	$500.00	$500.00	$500.00					$500.00	$500.00	$500.00	$500.00
	815	Courier Fee
	816	Guarantee Fee
	817
	818
	819
	820
	1101	Settlement or Closing Fee		$180.00	$180.00	$180.00	$180.00					$180.00	$180.00	$180.00	$180.00
	1102	Abstract or Title Search
	1103	Title Examination
	1104	Title Insurance Binder
	1105	Document Preparation
	1106	Notary Fees
	1107	Attorney's Fees
	1108	Title Insurance		$203.75	$203.75	$203.75	$203.75					$203.75	$203.75	$203.75	$203.75
	1109	Lender's Coverage
	1110	Owner's Coverage
	1111
	1112
	1113
	1201	Recording Fees		$115.00	$115.00	$115.00	$115.00					$115.00	$115.00	$115.00	$115.00
	1202	City/County Tax/Stamps
	1203	State Tax/Stamps
	1204
	1205
	1301	Survey
	1302	Pest Inspection
	1303
	1304
	1305
	Total Estimated Closing Costs			$3,799.75	$3,799.75	$2,899.75	$1,999.75					########	########	########	########
	Items Required by Lender to be Paid in Advance & Reserve Deposit Requirements
	901	Pre-Paid Interest (2 Days)		$36.98	$32.06	$30.42	$32.88					$36.98	$32.06	$30.42	$32.88
	902	Mortgage Insurance Premium
	903	Hazard Insurance Premium (1st Year)		$600.00	$600.00	$600.00	$600.00					$600.00	$600.00	$600.00	$600.00
	904
	905
	0
	1000	Reserves Deposited With Lender
	1001	Hazard Insurance Reserve		$100.00	$100.00	$100.00	$100.00					$100.00	$100.00	$100.00	$100.00
	1002	Mortgage Insurance Reserve
	1003	City Property Tax Reserve
	1004	County Property Tax Reserve (8 Months)		$1,500.00	$1,500.00	$1,500.00	$1,500.00					########	########	########	########
	1005	Annual Assessment Reserve
	1006
	1007
	1008
	Total Estimated Prepaids & Reserves(3)			$2,236.98	$2,232.06	$2,230.42	$2,232.88					########	########	########	########
		Downpayment		$30,000.00	$30,000.00	$30,000.00	$30,000.00					########	########	########	########
		Estimated Total Closing Costs		$3,799.75	$3,799.75	$2,899.75	$1,999.75					########	########	########	########
		Estimated Total Prepaids		$2,236.98	$2,232.06	$2,230.42	$2,232.88					########	########	########	########
		Upfront Deposit		($470.00)	($470.00)	($470.00)	($470.00)					($470.00)	($470.00)	($470.00)	($470.00)
		Earnest Money		($3,000.00)	($3,000.00)	($3,000.00)	($3,000.00)					########	########	########	########
	Estimated Funds Needed at Closing			$32,566.73	$32,561.81	$31,660.17	$30,762.63					########	########	########	########
			Reference:	38111177  112 3211	38111177  311 3111	38111177  2912 3611	38111177  712 3311
	Income Qualification Estimates Based On Qualifying Interest Rate (Other Factors Are Considered In Qualifying)
	Minimum Gross Monthly Income			$2,813.00	$3,571.70	$2,589.30	$3,148.89					########	########	########	########
	Maximum Monthly Debt			$196.91	$250.02	$181.25	$251.91					$196.91	$250.02	$181.25	$251.91
	Actual/Allowable Housing Ratio			30.94% / 33.00%	39.29% / 33.00%	28.48% / 33.00%	29.39% / 28.00%					30.94% / 33.00%	39.29% / 33.00%	28.48% / 33.00%	29.39% / 28.00%
	Actual/Allowable Debt Ratio			36.78% / 40.00%	45.12% / 40.00%	34.32% / 40.00%	35.22% / 36.00%					36.78% / 40.00%	45.12% / 40.00%	34.32% / 40.00%	35.22% / 36.00%
	Residual Payments at Closing (2 months)			$1,856.58	$2,357.32	$1,708.94	$1,763.38					########	########	########	########
	To Receive a Free Qualification Analysis, Please Call (541) 884-3444
	(1) Apportion to seller as customary to market or as negotiated in purchase offer.
	(2) Apportion to buyer and seller as customary to market or as negotiated in purchase offer.  Rates vary by title company.
	(3) The initial amount you will pay at closing to establish an impound/escrow account, if required, is estimated.  The actual amount collected at closing will be determined based upon your first payment due date and the date your hazard insurance and real
	This is not a commitment to lend.  Bank policy requires submission of a complete application including supporting documentation.  Loan approval is subject to the borrower and the property meeting bank requirements.  Rates and terms subject to change witho
	Rev. 1/31/2003
	3/16/03 8:14 PM
																			Column 1	Column 2	Column 3	Column 4	RESULTS
																		RATE LOCK	45	45	45	45
																		LOAN SCENARIO	38111177  112 3211	38111177  311 3111	38111177  2912 3611	38111177  712 3311
																		HOA DUES
																		Loan Term
																		Interest Rate
																		Loan Origination Fee
																		Loan Discount
																		Gross Amount Due From Borrower						100
																		Contract Sales Price						101
																		Personal Property						102
																		Settlement Charges to Borrower (line 1400)						103
																								104
																								105
																		Adjustments For Items Paid By Seller in Advance
																		City/Town Taxes						106
																		County Taxes						107
																		Assesments						108
																								109
																								110
																								111
																								112
																		Gross Amount Due From Borrower						120
																		Amounts Paid By or In Behalf of Borrower						200
																		Deposit or Earnest Money						201
																		Principal Amount of New Loans(s)						202
																		Existing Loan(s) Taken Subject To						203
																								204
																								205
																								206
																								207
																								208
																								209
																		Adjustments for Items Unpaid by Seller
																		City/Town Taxes						210
																		County Taxes						211
																		Assesments						212
																								213
																								214
																								215
																								216
																								217
																								218
																								219
																		Total Paid By/For Borrower						220
																		Cash At Settlement From/To Borrower						300
																		Gross Amount Due From Borrower (Line 120)						301
																		Less Amounts Paid By/For Borrower (Line 220)						302
																		Cash  From/To Borrower						303
																		Gross Amount Due To Seller						400
																		Contract Sales Price						401
																		Personal Property						402
																								403
																								404
																								405
																		Adjustments For Items Paid By Seller In Advance
																		City/Town Taxes						406
																		County Taxes						407
																		Assesments						408
																								409
																								410
																								411
																								412
																		Gross Amount Due To Seller						420
																		Reductions In Amount Due To Seller						500
																		Excess Deposit (see instructions)						501
																		Settlement Charges to Seller (Line 1400)						502
																		Existing Loan(s) Taken Subject To						503
																		Payoff of First Mortgage Loan						504
																		Payoff of Second Mortgage Loan						505
																								506
																								507
																								508
																								509
																		Adjustments For Items Unpaid by Seller
																		City/Town Taxes						510
																		County Taxes						511
																		Assesments						512
																								513
																								514
																								515
																								516
																								517
																								518
																								519
																		Total Reduction Amount Due Seller						520
																		Cash at Settlement To/From Seller						600
																		Gross Amount Due to Seller (Line 420)						601
																		Less Reductions in Amount Due Seller (Line 520)						602
																		Cash  From/To Borrower						603
																		Total Sales/Broker's Commission Based on Price						700
																		Division of Commission (Line 700) as Follows
																								701
																								702
																		Commission Paid at Settlement						703
																								704
																		Items Payable in Connection With Loan						800
																		Loan Origination Fee						801
																		Loan Discount						802
																		Appraisal Fee						803
																		Credit Report Fee						804
																		Lender's Inspection Fees						805
																		Mortgage Insurance Application Fee						806
																		Assumption Fee						807
																		Application Fee						808
																		Processing Fee						809
																		Tax Lien Service Fee						810
																		Underwriting Fee						811
																		Flood Hazard Determination Fee						812
																		Document Preparation Fee						813
																		Administrative Fee						814
																		Courier Fee						815
																		Guarantee Fee						816
																								817
																								818
																								819
																								820
																		Items Required By Lender To Be Paid in Advance						900
																		Pre-Paid Interest (31 Days)						901
																		Mortgage Insurance Premium						902
																		Hazard Insurance Premium (1st Year)						903
																								904
																								905
																		Reserves Deposited With Lender						1000
																		Hazard Insurance Reserve						1001
																		Mortgage Insurance Reserve						1002
																		City Property Tax Reserve						1003
																		County Property Tax Reserve (9 Months)						1004
																		Annual Assessment Reserve						1005
																								1006
																								1007
																								1008
																		Title Charges						1100
																		Settlement or Closing Fee						1101
																		Abstract or Title Search						1102
																		Title Examination						1103
																		Title Insurance Binder						1104
																		Document Preparation						1105
																		Notary Fees						1106
																		Attorney's Fees						1107
																		Title Insurance						1108
																		Lender's Coverage						1109
																		Owner's Coverage						1110
																								1111
																								1112
																								1113
																		Government Recording and Transfer Charges						1200
																		Recording Fees						1201
																		City/County Tax/Stamps						1202
																		State Tax/Stamps						1203
																								1204
																								1205
																		Additional Settlement Charges						1300
																		Survey						1301
																		Pest Inspection						1302
																								1303
																								1304
																								1305
																		Total Settlement Charges						1400