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 Estimated Closing Costs

Most of my loans include a lender credit which pays all or most of the closing costs. The actual itemized fees are listed below. All fees are legitimate 3rd party fees payable to service providers, the county Registry of Deeds, or the closing agent - there are no junk fees.   

 

My mortgage broker commission is almost always paid by the lender directly. This broker fee appears as a simultaneous fee along with a equal offsetting lender credit. My office has no other fee other than the lender paid mtg broker fee.

Origination Charges
Appraisal & Credit Fees

 

Legal Fees

 

Lender Fee....................................   $750
(My lenders fee range from $750 to $790)

Mortgage Broker Fee 1.00% .......  $2,000
Lender Paid Credit (1.00%) .......  ($2,000)
(My mortgage broker fee is paid by the lender. It appears as a simultaneous 1% fee and offsetting 1% lender credit)
 

Appraisal Fee.............................  $455.00

(Appraisal Management company charges your credit card $455)

 

Credit Report (per person) .........  $15.36
(Kroll Factual Data Credit charges your credit card $15.36 per person)

Attorney Fee .............................  $600.00
Title Insurance  .........................  $500.00

(lenders title ins. is $2.50 per $1,000 and is discounted 40% on refinances)
Municipal Lien ............................  $25.00
Plot Plan (purchases only) ........  $125.00
 

Government Recording Fees

payable to The Registry of Deeds

Purchase Recording Fees .............. $365.00
Refinance Recording Fees ............. $315.00
 

Note: It is slightly more expensive to record a purchase transaction because the deed.

Optional Items

 

Homestead ................................ $75
Recording fee for Homestead ..  $35
Owner's Title Insurance ... $ (cost varies)
 

 

 

Pre Paid Escrow Items

 

Homeowner Insurance ..... 2 - 4 months
(Purchases pay 1st year in advance)

Real Estate Tax ................ 2 - 4 months
Per Diem Interest .............. 1 - 29 days

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