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Common Disbursements
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Loan Origination
Fee
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$390.00
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Credit Report
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65.00
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Tax Service Fee
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75.00
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Underwriting Fee
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175.00
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Processing Fee
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175.00
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Mortgagee's Title
Policy
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250.00 - 400.00
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Flood Certificate
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25.00
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Survey Fee
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225.00
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Courier/Express
Mail
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50.00
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Home Inspection
Fee
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250.00
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Termite Inspection
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75.00
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Appraisal Fee
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275.00
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Cesspool / Well
Certification (If Necessary
)
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75.00
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Other Fees - If your down payment is less than 20% of the purchase
price of the property, the mortgage will require PMI/MIP insurance.
This will result in an additional out-of-pocket expense of 2.25%
of the mortgage. This upfront cost can be financed into the mortgage
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There is also a
monthly PMI/MIP insurance premium, which is added to the mortgage
payment. This premium ranges from .5% of the mortgage value to .78%
depending on the size of down payment.
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State Tax on Mortgage
– 0.35 per 100
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State Mortgage
Intangible Tax – 0.20 per 100
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Tax Deposits as
required
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Flood Insurance
Premium - If required
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Hazard Insurance
Premium as required
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Transaction
Coordination Fee
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