Figure 22.2: Figure 22.2 Portions of a model loan estimate form for a mortgage for $162,000 on a house with sale price $180,000. The borrower had already put down a deposit of $10,000 toward a 10% down payment of $18,000. Note under the second “tab” the additional monthly payments for mortgage insurance and for real estate taxes (“Estimated Escrow”") and under J the amount of Total Closing Costs. The APR appears to be based on the monthly payment of $761.78 on a no-fee mortgage for $154,444—that is, the $162,000 principal minus $8054 closing costs except for $85 taxes and $413 initial escrow.