Your mortgage lender will cover these items in detail at the time of your loan application. The following sample costs are estimates, some of which will vary at the time if closing.
Fee or Service |
Description |
Estimated Sample Cost |
| Mortgager's title policy | A standard title insurance policy you furnish for the lender's protection | $120.00 |
| Tax Certificate | Certifies the current property tax status | $25.00 |
| Recording Fees | To record your Warranty Deed, Deed of Trust and other related documents | $80.00; $5.00 per page |
| Realty Tax Service | A one-time charge, this fee is for an annual inspection of your property status and payment of your property taxes by a third party. | $90.00 |
| Improvement Survey | $150.00 | |
| Credit Report | $60.00 | |
| Appraisal | $325.00 | |
| Photos, Notary Fees, Misc. Lender Fees | $450.00 | |
| State Documentary Fees | One cent per $100 of purchase price | |
| Loan Origination Fee | Usually 1% of the amount that you borrow | |
| Loan Discount Fee | Varies, based on loan amount | |
| Tax Reserve | Usually two or three month's taxes | |
| Loan Interest (Month of Closing) | Prorated to end of month |
