Home Refinance Loans Home Purchase Home Equity Loan Consolidate Debt Business Loans Student Loans RE Investor Loans Commercial Loans

  

Understanding mortgage closing costs and other fees

Mortgage closing costs can typically run from under $1000 to as much as $3000 or more 
depending on the size of the loan and loan program selected. Closing costs can be rolled 
into the loan itself to offset the sting of having to pay up front.
  • Appraisal - Average cost about $350.
             Conventional loan (Fannie Mae/Freddie Mac): $50 drive-by appraisal if automated 
         underwriting approves you.
  • Credit Report - $20-$60 per report.
  • Tax Service Company - $60-$70 depending on lender.
  • Settlement Fee - Amount varies.
  • Title Insurance - Average cost $350 per $100,000 mortgage.
  • Garbage Fees - Other closing costs including processing, underwriting and/or document preparation fees. 

To find low competitive loan rates and see how much loan you qualify...


 


Mortgage Loan Search Financial Network is a division of
Financial Marketing Network, Inc.
926 Cator Avenue
Baltimore MD 21218 
 © 2006, 2007, 2008 Financial Marketing Network, Inc. All rights reserved.