Ver en español con Google Translate

FIRST-TIME HOMEBUYER PROGRAM
Approximate
Standardized Closing Costs


MORTGAGE LOAN APPLICATION

Financial Institution's Fees: (Paid at time of application)

OR

FHA Fees:

FNMA $400

 

FHA $450

Includes the Cost of:

  • Credit Report
  • Appraisal
  • Flood
 

Includes the Cost of:

  • Credit Report
  • Appraisal
  • Flood

FEES COLLECTED BY FINANCIAL INSTITUTION
Taxes (Tax Escrow - 3-5 months) $550
Homeowner's Insurance (Insurance Escrow - 3-5 months) $130
Interest on Mortgage from day of closing to end of month (per diem) (To be determined at closing)  
Tax Service Fees $85

CLOSING FEES
*Prior to closing Homeowners Insurance must be prepaid (1 year). $550
Deed, 2 Mortgages, Notice of Settlement filing $560
Title Insurance/Title Search (To be determined by purchase price)
Survey *
$475
Borrower's Attorney * $750
Document Prep and Review Fee-County Counsel $300

* The Program Administrator/Consultant may have recommendations for local professionals who may provide services at the stated fees.

THE CLOSING COSTS LISTED ABOVE ARE BASED ON THE SALES PRICE OF AN $150,000 HOME WITH A MORTGAGE AMOUNT OF $145,500,00. THESE COSTS ARE APPROXIMATE AND MAY VARY.


rev. July 2006
excel/closing costs