What costs are involved in closing a home with financing?
Total closing costs include (but not limited to): Loan origination, Real estate commissions, application fee , credit fee, underwriting fees, funding fees, 1yr of Hazard insurance policy (possibly flood insurance if in flood plain), Owner Title policy, Lender Title policy, Tax reserves, Pro-ration of taxes, Insurance reserves, Hazard Insurance reserves, Attorney’s fees, document preparation fee, Deed preparation, Escrow fee, Appraisal, Survey, recording fees, Pre-paid interest, Courier fees, HOA transfer fees.
