| Anticipated
Buyers Settlement Costs and Related
Expenses |
| Credit
Report (paid at application) P.O.C. |
$50 |
| Appraisal
Fee (paid at application) P.O.C |
|
| Conventional:
$350+ FHA: $450+ VA: $350+ VHDA: $450+ |
|
| Loan
Origination Fee (Normally 1% of the
Loan Amount (not sales price) |
|
| House
Re-Inspection Fee (If Appraiser Must
Re-inspect) |
|
| Tax
Service Contract Fee (Mtg. Company)
|
$65
+ |
| Document
Preparation Fee ( Mtg. Company ) |
$75
+ |
| Condo
Document Review Fee |
$100
+ |
| Flood
Certification Fee |
$20
+ |
| Interest
Proration (days at $__per day) |
|
| Private
Mortgage Insurance (months at $_per
month)
(see options on following page)
|
|
| City/County
Real Estate Taxes (months @ $__per month) |
|
| Flood
Insurance - 1yr + ( months @ $__per
month) |
|
| Homeowners
Association Dues |
|
| Mortgage
Insurance Premium (FHA) 2.25% of loan
+ __% per month) |
|
| VA
Funding Fee, 2% 1st Buyer - 3% 2nd +
loan (Financed or Prepaid) |
|
| Special
Assessments |
|
| Closing
Fee to Attorney. |
$395
- $475 |
| Abstract
or Title Search, 60-year |
$95
- $125 |
| Title
Insurance binder. Shows Title problems
(if any). |
$25
- $50 |
| Title
Insurance (see chart) |
|
| Owners
Policy + $50 for Mortgagor (buyer) &
Mortgagee (lender) |
|
| Courier
Fee(s) |
$45
+ |
| Recording
fees: Deed-20 cents per $100.00 |
|
| Mortgage
and Clerk fee |
|
| City/County
Stamps: Deed, Mortgage |
|
| State
Tax Stamps: Deed Mortgage |
|
| Survey
of Property |
$225
+ |
| Oil
Pro-ration |
|
| Whole
House Inspector’s Fee, (Sq. Ft.
of house x 10% with $150 min., approx.) |
|
| Extended
Warranty Insurance for One Year |
|
| Personal
Property |
|
| Minus
Purchasers closing costs paid by seller |
|
| TOTAL
CASH NEEDED BY PURCHASER AT CLOSING |
|
