|
CLOSING
COST TABLE
Following are the
closing costs associated with refinancing or purchasing a home. Please
note your
closing costs depend on numerous factors, including your loan amount and
loan to value.That is why Alliance Mortgage
provides you with a Free Good
Faith Estimate
right from the start, please consult our loanteam.
ASSUMPTIONS
1.
Loan amount $100,000 2. Owner
occupied 3.
20 percent down payment available 4.First trust deed. 5.Fico
score 620
PURCHASING
ESTIMATES
| Loan
Origination Fees |
flat/variable |
Percent |
|
|
|
| Origination
Fee |
varies |
0% |
| Loan
Discount Fee |
varies |
0-2% |
|
|
|
| Loan
Fees |
flat/variable |
Dollars/Percent |
|
|
|
| Appraisal
Fees- to appraiser |
Flat |
300-325 |
| Credit
Report Fee Credit Bureau |
Flat |
59 |
| Processing
Fee- Alliance |
Flat |
400 |
| Underwriting
Fee lender |
varies |
200-300 |
| Flood
Certification lender |
Flat |
25 |
| Tax
service lender |
Flat |
69 |
| Wire
Transfer lender |
Flat |
30 |
| Document
preparation lender |
Flat |
175 |
|
|
|
|
|
|
| Title
Company fees |
Settlement |
fees |
|
|
|
| Owners
Title Insurance |
varies |
300 |
| Lenders
Title insurance |
varies |
0.30%
to .60% |
| Escrow
fee |
varies |
250 |
| Notary
fee 2 borrowers |
varies |
40 |
| Recording
fee |
varies |
60 |
| Federal
express |
varies |
45 |
|
|
|
|
|
|
| Pre
Paid Items |
Escrow |
Impounds |
| Prepaid
interest |
varies |
0-30 |
| Hazard
insurance |
varies |
6-12
months |
| Impound
Account Reserves |
Impounds |
IF
REQUIRED
|
| Mortgage
Insurance Premium |
>80 LTV |
12
months over |
| Property
Taxes |
varies |
6
months |
REFINANCING
ESTIMATES
|
|
|
| Loan
Origination Fees |
flat/variable |
Dollars
|
| Origination
Fee |
varies |
0 |
| Loan
Discount Fee |
varies |
0-2 |
| Loan
Fees |
flat/variable |
Dollars/Percent |
| Appraisal
Fees -To appraiser |
Flat |
300 |
| Credit
Report Fee Credit Bureau |
Flat |
59 |
| Processing
Fee- Alliance |
Flat |
400 |
| Underwriting
Fee lender |
Flat |
200 |
| Flood
Certification lender |
Flat |
20 |
| Tax
service lender |
Flat |
69 |
| Wire
Transfer lender |
Flat |
40 |
| Document
preparation lender |
Flat |
100 |
| Title
Company fees |
Settlement |
fees |
| Owners
Title Insurance |
Flat |
250
|
| Lenders
Title insurance |
none |
280 |
| Escrow
fee |
varies |
200 |
| Notary
fee |
varies |
40 |
| Recording
fee |
varies |
60 |
| Federal
express |
varies |
40 |
| Pre
Paid Items |
Escrow |
Impounds
|
|
|
|
| Pre-paid
interest |
varies |
0-30days |
| Hazard
insurance |
varies |
6-12
months |
|
|
|
|
|
|
|
|
|
|
|
|
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