A fee charged by lenders for processing the application and underwriting it. This fee typically ranges from 0.5% -1% of the borrower’s mortgage.
Includes the appraisal, credit report, flood determination and certificate, tax status, post inspection, title search and insurance, and survey fees. Appraisals and surveys can cost anywhere between $300 to $500 each. Title services can add up to about $2,000.
TRANSFER TAXES AND RECORDING FEES:
Vary by state but can run as high as 2.7% in some states.
Includes homeowners’ insurname, property taxes, and primary mortgage insurance, if applicable. These vary by location. HOA fees also may be included here.
Source: National Association Of Realtors