Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Typically we can use the Tax Assessed value for proof of value and avoid appraisals for loan amounts less than $50,000. In that case closing costs for a fixed rate mortgage are $177. Closing costs for a home equity line of credit are $168. If an appraisal is required, you will pay $225 to $250, depending on the county.
