Posted on: 11th Nov, 2010 09:19 am
Please explain where this looks kosher vs. questionable
No loan origination fee, but
Appraisal Fee: $495
Lenders Inspection Fee: left blank
Processing Fee: $495
Underwriting Fee: $1095
Interest for Mortgage Insurance Premium: 15 days @ $21 per day = $320. I am putting 20% down - do I have to have MI?
Hazard Insurance Premium $968
Closing or Escrow Fee: $450
Notary Fee: $150
Owners Title Insurance $500
Recording $500
Total estimated settlement charges: $4573
No loan origination fee, but
Appraisal Fee: $495
Lenders Inspection Fee: left blank
Processing Fee: $495
Underwriting Fee: $1095
Interest for Mortgage Insurance Premium: 15 days @ $21 per day = $320. I am putting 20% down - do I have to have MI?
Hazard Insurance Premium $968
Closing or Escrow Fee: $450
Notary Fee: $150
Owners Title Insurance $500
Recording $500
Total estimated settlement charges: $4573
Hi Guest,
You should note that closing costs vary one state to another. There will be some states where the closing costs are comparatively higher than the other states.
As far as I can understand, the closing costs charged to you are quite reasonable. As far as lender's inspection fee and loan origination fee is concerned, you should clarify them with the lender and ask them to mention it in the GFE.
You should note that closing costs vary one state to another. There will be some states where the closing costs are comparatively higher than the other states.
As far as I can understand, the closing costs charged to you are quite reasonable. As far as lender's inspection fee and loan origination fee is concerned, you should clarify them with the lender and ask them to mention it in the GFE.