| Breaking Down Closing Costs |
These estimates are believed to be correct but every lender is different. You must check with
your
particular lender, real estate professional and title company to establish true figures.
|
| Mortgage title policy and endorsements |
$300 |
| Record warranty deed |
$6 |
| Record trust deed |
$30-150 |
| Tax certificate |
$10-30 |
| State document fee |
.01 per $100/sales price |
| Loan closing fee |
$200-300 |
| Real estate closing
fee |
generally 1/2 at $100-150 |
| Realty tax service fee |
$75-100 |
| First year homeowners
hazard premium |
(your insurance agent) |
| 2 months hazard insurance
reserve |
(your insurance agent) |
| Loan origination |
varies, 1% - 2% of the loan amount |
| Loan discount fee |
varies, 1% - 2% of the loan amount |
| Flood certificate |
$25-50 |
| Improvement Location Certificate |
$75-150 |
| Appraisal |
$300-400 |
| Credit report |
$50-100 |
| Interest on new loan |
prorated |
| Tax reserve |
prorated |
| Mortgage insurance premium
(PMI) |
(your lender) |
| Water and sewer transfer
fee |
$15-25 |
| Water and sewer fees |
prorated |
| Underwriting fee |
$200-300 |
| Lender document preparation |
$200-300 |
| Miscellaneous loan fees |
(determined by lender) |
