Loan Costs
A. Origination Charges$1,802
.25 % of Loan Amount (Points)$405
Application Fee$300
Underwriting Fee$1,097
B. Services You Cannot Shop For$672
Appraisal Fee$405
Credit Report Fee$30
Flood Determination Fee$20
Flood Monitoring Fee$32
Tax Monitoring Fee$75
Tax Status Research Fee$110
C. Services You Can Shop For$3,198
Pest Inspection Fee$135
Survey Fee$65
Title – Insurance Binder$700
Title – Lender's Title Policy$535
Title – Settlement Agent Fee$502
Title – Title Search$1,261
D. TOTAL LOAN COSTS (A + B + C)$5,672
Other Costs
E. Taxes and Other Government Fees$85
Recording Fees and Other Taxes$85
F. Prepaids$867
Homeowner's Insurance Premium (6 mo.)$605
Prepaid Interest ($17.44/day, 15 days)$262
G. Initial Escrow Payment at Closing$413
Homeowner's Insurance (2 mo.)$202
Property Taxes (2 mo.)$211
H. Other$1,017
Title – Owner's Title Policy (optional)$1,017
I. TOTAL OTHER COSTS (E + F + G + H)$2,382
J. TOTAL CLOSING COSTS$8,054
D + I$8,054
Lender Credits
Calculating Cash to Close
Total Closing Costs (J)$8,054
Down Payment/Funds from Borrower$18,000
Deposit– $10,000
Estimated Cash to Close$16,054