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Good Faith Estimate
When it comes to closing costs, even savvy shoppers find it difficult to compare closing costs from one mortgage company to the next.
| Appraisal : |
$420 to 460 (higher on homes over $400,000) |
| Credit Report: |
$23 |
| Bank Fees: |
$550-$800 (underwriting, doc prep, flood and tax certificate, administration.) |
| Title: |
Varies based on the loan amount size. For a refinance:
0-$100,000 -- $525
$100,000 to $150,000 -- 605
$150,000 to $200,000 -- 655
$200,000 to $300,000 -- $755
$300,000 to $400,000 -- $855
$400,000 to $500,000 -- $955
$500,000 to $750,000 -- $1,105
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| Closing Fee: |
$280, paid to the title company |
| Recording: |
$151, paid to the county in which the property located |
| Survey: |
$95-150 (generally not required on refi transactions) |
| Origination fee and Points: |
These are optional costs. As a general rule, when you pay an origination fee (generally 1% of the loan amount), your rate will be lower. |
| Miscellaneous: |
$75 (courier fee, fed ex, etc.) |
| Note: Mortgage interest paid at closing, and reserves collected for tax and insurance, are not considered closing costs. |
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