CLOSING COSTS
Closing Costs to expect when refinancing. You can save on Title Insurance and receive a re-issue credit provided you have the original Title Policy. You may not have to get a new survey if no improvements have been made to the property. This depends on the lender and the title insurance.
TYPICAL CLOSING COSTS
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- Credit Report Fee
- Processing Fee
- Application / Underwriting Fee
- Loan origination / Discount Points
- Appraisal Fee
- Survey Fee (if required)
- Flood Certification Fee (if applicable)
- Tax service Fee
- Title search Fee
- Lender’s Title Insurance
- Owner’s Title Insurance
- Closing / Settlement / Escrow Fee
- Recording Fees
- Intangible Taxes
- Attorney Fee (if applicable)
- Notary Fee
- Prepaid Interest
- Pro-Rated Taxes
- Prepaid Insurance
- Pro-Rated HOA Dues (if applicable)
PURCHASE MORTGAGE (additional costs)
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- Initial Escrow Deposit
- Second Escrow Deposit (if applicable)
- Inspection Costs
- Homeowners Insurance (1 Year)
- Condo / HOA Estoppel or Transfer Fees (if applicable)