Closing Costs
Administration fee
Appraisal fee & Appraisal review fee
Closing/escrow/settlement fee, Courier fee, Notary fees,Document preparation
Escrow Fee, Recording fees l Sub-escrow fee: Title insurance company charges this.Tax service fee: Monitors payment of property tax, Title insurance: For clear title to the property. Wire transfer fee: Funds transfer from one account to another.Flood certification fee: Verifies if property is in a federally designated flood zone.( If applicable)
Home inspection and Pest inspection and Home warranty
Homeowner’s association transfer fee
Homeowner’s insurance: Usually required to pay the entire first year’s insurance at closing.
Homeowners insurance impounds: Two months’ worth of premiums.
Lender’s Inspection fee: On new property, verifies construction is complete with carpeting and flooring installed.
Loan discount: “Points.” l Loan Origination Fee l Loan tie-in fee: Closing agent’s services dealing with the lender.Underwriting fee,Credit Report, Mortgage broker fee, Mortgage insurance impounds, Mortgage insurance( if applicable)
Notary fees,Pre-paid interest: Accumulated interest between closing day and first payment., Property tax impounds
**THERE MIGHT BE OTHER FEES FOR SPECIFIC PURPOSES.