ESTIMATE
YOUR CLOSING COSTS
TABLE
OF COMMON FEES
These
tables will show you the typical charges that are at closing,
depending on the location of the property and the lender.
| |
Based
on
|
Paid
To
|
Approximate
Cost
|
|
Administrative
Fee
|
flat
fee
|
lender
|
$50-$150
|
|
Appraisal
Fee
|
flat
fee
|
appraiser
|
$300-$450
|
|
Broker
Origination Fee
|
loan
amount
|
broker
|
0%-3%
|
|
Broker
Processing Fee
|
flat
fee
|
broker
|
$400-$550
|
|
Credit
Report Fee
|
flat
fee
|
credit
agency
|
$12-$50
|
|
Flood
Check Fee
|
flat
fee
|
lender
|
$50-$60
|
Lender
Documentation
Preparation Fee
|
flat
fee
|
lender
|
$100-$200
|
|
Origination
Fee
|
flat
fee
|
broker
|
0%
- 3%
|
|
Lender
Processing Fee
|
flat
fee
|
lender
|
$400-$500
|
|
Underwriting
Fee
|
flat
fee
|
broker
|
$400-$595
|
|
Wire
Transfer Fee
|
flat
fee
|
lender
|
$20-$30
|
Title
Fees
You need to hire a title company to research the history of
the property and to insure the results of that search.
| |
Based
on
|
Paid
To
|
Approx.
Cost
|
|
Escrow
Fees
|
purchase
|
Escrow
|
$200-$500
|
|
Notary
Fee
|
flat
fee
|
Escrow
|
$100-$200
|
|
Escrow
Owners Title Insurance
|
flat
fee
|
Title Co.
|
$400-$500
|
|
Recording
Fees
|
flat
fee
|
Escrow
|
$20-$50
|
Prepaid
Fees
Most Lenders want to be sure that you have enough money left
over to from your down payment and closing costs to pay your
bills, so they require you to prepay some of them at closing.
| |
Based
on
|
Paid
To
|
Approx.
Cost
|
Hazard
Insurance
|
Loan
|
insurance
|
0.035%
|
|
Interest
|
closing date
|
company lender
|
0-30 Days Interest
|
MORE
INFORMATION.....
How
Points and Rebates Work
Points can buy down your interest rate and increase your closing
costs. Rebates will do the opposite. Strategies on 
Discount
Points
You can use discount points to control the cost of your mortgage.
|
