Estimated Closing Costs In The Athens Area
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Common Disbursements |
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Loan Origination Fee |
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1% |
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Credit Report |
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$65.00 |
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Tax Service Fee |
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125.00 |
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Underwriting Fee |
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250.00 |
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Processing Fee |
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150.00 |
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Mortgagee's Title
Policy |
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150.00 |
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Tax Endorsement |
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25.00 |
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Flood Certificate |
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50.00 |
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Escrow Fee |
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110.00 |
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Survey Fee |
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200.00 |
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Attorney Fee |
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150.00 |
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Photos |
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25.00 |
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Courier/Express Mail |
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50.00 |
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Home Inspection Fee |
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150.00 |
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Termite Inspection |
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50.00 |
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Appraisal Fee |
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350.00 |
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Lender Inspection Fee |
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100.00 |
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Home Warranty if wanted |
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325.00 |
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Recording Fees |
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30.00 |
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Other Fees - If your down payment is less than 20% of the
purchase price of the property, the mortgage will require PMI/MIP insurance.
This will result in an additional out-of-pocket expense of 2.25% of the mortgage.
This upfront cost can be financed into the mortgage |
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There is also a monthly
PMI/MIP insurance premium, which is added to the mortgage payment. This
premium ranges from .5% of the mortgage value to .78% depending on the size
of down payment. |
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Tax Deposits as
required |
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Flood Insurance
Premium - If required |
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Hgaard Insurance Premium
as required |
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Transaction
Coordination Fee |
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*These figures are an estimate only. They are subject to change and it is recommended that you consult your lawyer for confirmation of your total costs.
