These are estimates, your actual costs may be different.  Fees based on a typical single family owner occupied purchase transaction.  Call me for a more accurate estimate of your actual costs.

 

 

Lender fees

Application fee	$0  ($295 deposit applied to other costs)
Appraisal fee (fee varies)	$300
Credit report	$0
Funding and review fee	$405
Payment processing fee	$0  (without auto payment debit it would be: $200)
Wire transfer	$35
Tax procurement fee	$81
Flood determination	$13
Points  (may be paid to lower rate)	optional
Total lender fees  (excludes pre-paid interest and escrows)	$834

Other closing costs:  These cost vary, please consult your closing agent and survey company for accurate quotes.   We do not sell title insurance.

Owner's title insurance (optional)  May be paid by seller	Based on purchase price.  $5.75 per thousand up to 100,000 and $5.00 per thousand to $1,000,000.  Contact title agent for accurate quote.
Lender's title insurance (required with mortgage).  If owner's title insurance is not purchased, the cost will be the same formula as owner's policy plus most of the additional fees in the opposite column but based on loan amount and not purchase price.	Approximately 10%  of owner's policy + $50 to $125   (Additional 10% for waterfront property)
Other title company fees	$250
Florida document stamps, intangible tax and recording fee	Loan amount X .0055 + $110
Survey (usually not be needed if condo)	$325  (survey fees vary greatly)
Overnight mail fees (title company)	$50
Pest inspections and roof inspections are usually not required by the bank but can ordered by buyer

Pre-paid closing costs

Pre-paid interest	This cost is based on the number of days remaining in the month that the loan closes.  It is the loan amount multiplied by the interest rate divided 365 and multiplied by the number of days.
First year's insurance	Cost of 1 year of hazard and possibly flood and wind insurance
Tax escrows:  Additional funds would usually be credited from seller for a pro-rata portion of the tax year.	2 months of real estate taxes.  Tax escrows not normally required on loans with 80% or less loan to value ratio.
Insurance escrows	2 months of insurance cost.  Insurance escrows not normally required on loans with 80% or less loan to value ratio.