Lenders
Point, Loan origination or loan service fees - can be up to 3% of
the loan
? Loan
application fee
? Lenders credit
report
? Lenders processing fees
? Lenders documentation preparation
fees
? Lenders appraisal fees
? Prepaid interest on loan - prepaid per day
until the end of the month in which the closing occurs
? Lenders insurance escrow - can be up to 20%
of the cost of a one year homeowner's insurance policy
? Lenders tax escrow - Depending on the time of
year you close this can be up to 50% of the yearly property taxes
? Lenders tax escrow service fee-
fees to set up the tax escrow
?
Premium mortgage insurance (PMI) - applicable if the down
payment does not exceed 20% of the sales price
? Title insurance cost for lenders policy -
depending on what part of the country you live a portion or the full
amount may be paid by the seller
?
Special endorsements to the title - Depending on the property
you pick the lender may require that the buyer pay special
endorsements such as an environmental lien endorsements or location
endorsements to name a few
? House
inspection fees -any that remain unpaid
?
Title/escrow company closing fee
?
Recording fees, for the deed or the mortgage
? Local city, town or village property transfer
tax, county transfer tax and state transfer tax -- these charges
will vary form city to city and state to state
? Flood cert fee - fee to determine if the home
you pick is in a flood plain
? Buyer
attorney's fee
? Association transfer
fee
? Condo move in fees
? Co-op apartment fees -- fees that may be
required to transfer the shares of stock in the property to the
buyer
? Any credit checks by the
condo or co-op board
