Two part question: Does PRC want just the lender fees and other associated costs to close (which I'm assuming is correct), or, does it ALSO want the down payment included? Then, and either way, this should be calculated as a percentage of the Current Market Value, which for a new home purchase would be whatever you end up paying for it).
And does PRC "consider" APR and Closing costs out to the third decimal (i.e., 2.215%) or round everything up to one decimal and calculate based off that (as it appears in the sheet)?
Purchase closing costs only include lender fees and such, definitely NOT down payments (the tool accounts for that separately). And, yes, that percentage is applied to the current market value. Yes, PRC does its calculations using whatever precision you enter; it's only the display that gets rounded to the number of decimal places you can see on the screen.
