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Friday, September 10, 2010
 
 

Closing Costs

Tue, Aug 17, 2010 2:12 PM

This rate quote is based on a loan amount of $275,000.00.

15 Years FHA Fixed
Interest Rate Discount Points Payment APR Margin Lifetime Cap
5.000% 0.000 $2,174.68 5.731% N/A N/A
Loan Fees      
Appraisal Fee $ 300.00
Credit Report $ 20.00
Mortgage Broker Fee $ 1,375.00
Tax Related Service Fee $ 75.00
Processing Fee $ 595.00
Underwriting Fee $ 595.00
Wire Transfer Fee $ 50.00
Closing or Escrow Fee $ 0.00
Document Preparation Fee $ 250.00
Title Insurance $ 1,450.00
Recording Fees $ 195.00
City/County Tax/Stamps $ 770.00
State Tax/Stamps $ 440.00
FHA Mortgage Insurance Premium $ 6,187.50  
Total Loan Fees $ 12,302.50  
Prepaid Items
The following items may be required for you to prepay in escrow. These are not additional fees, they are expenses which are prepaid to cover items such as homeowners insurance, initial interest payment on your new mortgage, and mortgage insurance [if required].
15 Days of Interest at $37.67 $ 565.07  
Home Owners Insurance $ TBD  
Property Tax $ TBD  
Total Prepaid Items $ 565.07  
Origination and Discount Points      
Origination Fees $ 2,750.00  
Discount Points $ 0.00  
Total Closing Costs $ 15,617.57  
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The above payment reflects principal and interest only.

All rates subject to change without notice


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