1.This is the Federal Truth in lending dusclosure statement. it is just a disclosure how much they will charge you and NOT final settlement, so don't worry, you have ton of time to change your mind later.
2. there are 4 big box on top, Anual percentage rate, Finace charge, amount financed, and total payment. Don't wory too much of this, it is confusing.
3. you only need to pay attention to two things:
a) below the 4 big box, is interest rate and payment summary. first line is interest rate, as long as it is 2.625%, you will be fine,
b) next there should be a good fath estimate or Itermized Fee work sheet. Read carefully for the charges associated with 8xx numbers, such as 3800, 801, 802.... these are the charge that for the loan, all other charges are for your own reserve. Ask the loan agent how they are going to return these fees to you, because this is no cost refi.
You will have other charges, don't worry, those are just your PREPAY, still your money eventiually.
If you are still confused, sit dow with a loan agent friend, and let them explain to you.
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