| Closing Item | Cost |
|---|---|
| Origination/Broker Fee | Cap of 3% of loan amount if loan greater than $100k. Cap of $3k otherwise. |
| Discount Points | 0-4% of loan amount for conventional and up to 6% for FHA. |
| Administration Fee | $0-995 |
| Underwriting Fee | $0-995 |
| Document Prep Fee | $0-200 |
| Commitment/Lender Rate Lock Fee | Between 0.5-2% of loan amount. |
| Closing Item | Cost |
|---|---|
| Credit Report Fee | $15-35 |
| Appraisal Fee | $400-550 |
| Courier Fee | $35-75 |
| Flood Certification Fee | $7-45 |
| Tax Service Fee | $40-95 |
| Wire Transfer Fee | $20-55 |
| Lender's Inspection Fee | $0-175 |
| Recording Fee | $35-150 |
| Notary Fee | $125-300 |
| Title Insurance | Average 0.5% of purchase price (or loan amount in a refinance). |
| Closing/Escrow Fee | Average 0.2% of purchase price + $250. Typically split between seller and buyer. |
| Settlement Item | Charge |
|---|---|
| Pre-Paid Interest | # of days from close to end of month. Worst case is 30 days if you closed on the 1st. |
| Homeowners Insurance | Varies between states. Between $250-1,500 annually. |
| Mortgage Insurance Impound | 1 month of premium. Mortgage insurance is between 0.25-2% of loan amount (depends on your LTV). |
| Property Taxes Impound | 1-8 months of taxes. Taxes vary between states; 0.18-1.89% of assessed property value. |
Located in Huntington Beach, CA
info@besmartee.com
888-519-8881
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