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      Down Payment/Funds from Borrower Calculation

      Unlike several other competitor systems, LendingPad follows the CFPB guidelines to calculate the down payment/funds from borrower.

       

      Please refer to attached CFPB guideline page no.49.

      https://files.consumerfinance.gov/f/documents/cfpb_kbyo_guide-loan-estimate-and-closing-disclosure-forms_v2.0.pdf