Common Closing Costs
Questions and Answers on Real Estate Closings
Download our Closing Brochure
pdf.
This information is designed to help borrowers understand the types of closing costs involved in buying a home and obtaining a mortgage. The costs will vary depending on the city, county, type of mortgage and loan amount.
Items Payable in Connection With Your Loan
- Loan
Origination Fee
(Sometimes 1% of the loan amount) - Appraisal Fee
- Credit Report
- Tax Service Fee
- Underwriting Fee
- Flood Certificate
Pre-Paid Items
- Interest-will be between 1-30 days,
depending on when in the month you close
Hazard Insurance – One-year premium
Reserves
- Hazard Insurance - Two months
- Taxes - Two months
- Mortgage Insurance - Two months if applicable
Title Charges
- Attorney Fee
- Title Policy (Amount depends on loan amount, purchase or refinance)
- Endorsements
- Courier Fee
Recording & Transfer Fees
- Recording Fees
- Documentary stamps
- Intangible tax and stamps on mortgage
Additional Charges
- Survey
Fine Homes: