You are only able to borrow the original purchase price as stated on the original hud-1 plus the taxes, prepaid points, closing costs etc.  

They said if it comes from their checking or debit that there can't be a chargeback.

For example, there are prepaids that end up resulting in my having a larger principal balance than I currently have, in addition to paying the refinance fee.Now I'm trying to determine if the savings from the lower payments will be more than the cost of the higher overall loan payoff.

Alternatively, she could pay you using a paypal drawing from her USD account or using a USD denominated credit or debit card, then pay the card off from the account.

Based on quick math of a $160k purchase price at 25% down, I'm coming up with $62k needed to acquire (including inspection costs, prepaid insurance, contingency account, etc.), not including your $10k for renovations.

My understanding is that the debit is still secured by the property, but the borrower may be relieved of responsibility for it.  

However, the system I use, erentpayment.com, sends me an email as soon as the tenant initiates payment or when the auto-debit occurs (depends how I have set it up).

If they were to rent my place, I would require extra security deposit, automatic debit from company bank account, 1 year minimum lease and much higher rents.

Interest 4.5%, 30 year fixed Home price $680,000 Our origination fees $1,790.00 Flood Certificate $25.00 Prepaid Intrest 15 days $1,006.03 Title services & lender title ins $850.00 Pre paid finnance charges Appraisal fee $550.00 Compiance inspection (if applicable) $150.00 First year home owners insurance $1,800.00 Home owners insurance 2 months@ $150 $300.00 Taxes 3 months @ $416.67 per month $1,250.00 Title services and lenders title insurance Lenders title ins $677.00 Departamental charges $475.00 Bankruptcy & company charges $185.00 Endorsements $350.00 Escro service fee / contin $300.00 Owners title insurance $2,749.00 Recording fees $550.00 Transfer taxes $12,410.00 State tax/Stamp $10,472.00 Survey $500.00 $36,389.04 total cost $716,389.04

Sometimes the guidelines will specify what this can not be credited toward, like prepaid items.Loans on primary residence are the most versatile in combining gifts, and concessions to produce the least amount of required contribution from the borrower.