Mortgage Loan Purchase 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 97058

Phone:

541-593-1756

Phone:

(541) 884-3444

Fax:

541-593-4480

Fax:

(541) 884-6515

Branch Contact:

Branch Phone:

Branch Name:

Branch Fax:

Rates Effective February 13, 2003 @ 8:50AM for a 45 Day Lock.

(C30F) CONF 30 YR FIXED

Purchase Price

$150,000.00

Loan-to-Value (LTV)

80.00%

Base Amount

$120,000.00

Note Amount

$120,000.00

Loan Term (Months)

360

Initial Interest Rate

5.500%

5.750%

6.000%

6.250%

Qualifying Interest Rate

5.500%

5.750%

6.000%

6.250%

Index

N/A

Margin

N/A

Interest Rate Caps

N/A

Lifetime Maximum Rate (Ceiling)

N/A

Annual Percentage Rate (APR)

5.756%

5.891%

6.037%

6.216%

801

Loan Origination Fee

1.000%

-0.125%

-0.875%

802

Loan Discount

1.250%

0.000%

Estimated Monthly Payments

Principal and Interest

$681.35

$700.29

$719.47

$738.87

Property Taxes

$187.50

Hazard Insurance

$50.00

Total Monthly Housing Expense

$918.85

$937.79

$956.97

$976.37

Items Payable in Connection With Loan

801

Loan Origination Fee

$1,200.00

-$150.00

-$1,050.00

802

Loan Discount

$1,500.00

$0.00

803

Appraisal Fee

$450.00

804

Credit Report Fee

$20.00

805

Lender's Inspection Fees

809

Processing Fee

810

Tax Lien Service Fee

$65.00

812

Flood Hazard Determination Fee

$16.00

813

Document Preparation Fee

814

Administrative Fee

$500.00

815

Courier Fee

816

Guarantee Fee

817

1101

Settlement or Closing Fee

$180.00