We can't tell you what every lender will charge for closing costs on a one page checklist. However, we can list all of the normal closing costs that you can expect to pay and, as an example, list typical amounts for an 80% mortgage loan in the amount of $100,000 at 7.75%. Please ask us for closer costs on what typical charges will be with a certain lender.

Please keep in mind that we offer you Par Interest Rates which is the exact cost from the particular Lender. Feel free to call around and see what other companies are charging. Typically, mortgage brokers earn their fees through rebates back from the lender for charging interest rates above par (going rate for the day). 

We feel that this is very unfair. The difference in interest you will pay for an 8.5%, 30 Year Mortgage on 100,000 is $18,900 more than a 7.75%, 30 Year Loan. However the choice is yours, we feel it is more ethical to charge a fee you can see than one that will hurt you over the life of your mortgage.

Also in 8 out of our last 10 closed transactions - the seller paid for our home buyer's closing costs. They either increased the sales price to cover our client's closing costs, took a reduction in their listing price or more commonly a combination of both. Also not all of these fees will apply with each loan- For example - some lender's require you prepay your taxes and insurance for a total of one year, some for only a couple months. Once your offer to purchase is accepted, we will begin submitted your loan application to find the best home for your new loan. When we have that lender's costs to close, we will submit an updated Closing Cost Estimate to you.

   

Items Payable In Connection With Loan		Typical Charge
Loan Origination Fee		$1,000
Mortgage Broker Fee		$500
Appraisal Fee		$450
Credit Report		$50
Lender's Final Inspection		$79
Mortgage Insurance Application Fee
Assumption Fee
Processing Fee		$900
Flood Zone Determination Fee		$20
Tax Service Fee		$60
Underwriting Fee Varies from $495 to $1500 depending on the loan program
Items Required By lender To Be Paid In Advance
Prepaid Interest		$350
Mortgage Insurance Premium
Hazard Insurance Premium		$95
Flood Insurance Premium
Reserves Required With Some Lenders
Some lenders do not require impounds/reserve account - Others may allow an
interest rate increase or points paid to remove the reserve requirements.
Hazard Insurance		$200
Mortgage Insurance
Property Taxes		$850
Annual Assessments
Flood Insurance
Title Charges
Settlement or Closing Fee/Escrow Fee		$175
Abstract or Title Search
Title Examination
Title Insurance Binder		$350
Title Endorsements
Document Review		$185
Notary Fees
Attorney's Fees
Premium For Title Insurance/Lender's Coverage
Premium For Title Insurance/Owner's Coverage		$150
Other:
Government Recording and Transfer Charges
Recording Fees		$30
City/County Tax/Stamps
State Tax/Stamps
Real Estate Transfer Tax
Mortgage Tax
Other:
Additional Settlement Charges
Survey or Plat Drawing
Pest Inspection
Structural or Mechanical Inspection
Water/Well inspection/Certification
Roof Inspection
Express Mail/Courier
Other:
Total		$5,444***
****Underwriting Fee Varies from $400 to $1500 depending on the loan program ****Appraisal Fee Varies from $400 to $1500 depending on the loan program
Please email us if you have any questions - teresa@t-crealty.com