Filling out the PSAgreement

[Courtney S]

Ok so this may sound odd, but thats why I'm here to find out everything.

My question is this on a Purchase and Sale Agreement where it talks about "New Loan" exactly what would I write there?

****The agreement is contingent upon buyer's ability to obtain a new loan in the amount of $___________.
Buyer is not required to accept any loan with interest rate exceeding _________% amortized over
___________ years or pay any closing costs or points exceeding $___________. Buyer shall provide
seller with written proof of a loan commitment on or before __________, 20 ___.*****