Estimated closing costs for buyers -buyers getting a conventional loan

CONVENTIONAL LOAN BUYER’S CHARGES

1. Purchase Price
2. Mortgage Title Policy
3. Miscellaneous Title Endorsements as Required by the New Lender (see title commitment)
4. Recording Fees
5. Tax Certificate
6. Doc Fee (.01 cent per $100 of sales price)
7. Insurance Reserve Account*
8. Tax Reserve Account
9. Premium for Hazard Insurance
10. Loan Origination Fee*
11. Survey*
12. Credit Report*
13. Appraisal Fee*
14. Interest on New Loan* .
15. Miscellaneous Loan Fees per New Lender*
16. Tax Service Fee*
17. Real Estate and Loan Closing Fees
18. Homeowners Dues, Fees, etc.

*Amounts Determined by the New Lender. Note: All closing costs are negotiable but must be agreed to by all parties in the sales contract.

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