Mortgage Closing Cost Estimator ^top

Loan Amount $

Application Fee $250.00

Appraisal Fee $250.00

Underwriting Fee $175.00

Tax Service Fee $69.00

Flood Certification Fee $15.00

Credit Report Fee $18.00

Settlement Fee to ESL $415.00

Title Insurance $

Recording Fees (Deed & Mortgage) $111.00

State Mortgage Tax $

Equalization/Capital Gains Affidavits $75.00

Total Closing Costs $

Actual costs may vary.

If you are re-financing an ESL loan, your closing costs may be less!

Possible Additional Charges

• Interest Paid at Closing (Calculated from the day of closing to the end of month). Also called "Per Diem" Interest
  • Formula is Loan Amount times Interest Rate divided by 360 days times number of days from closing date to end of month.
• Discount Points ( if applicable - to lower the interest rate). Each "Point" is equal to 1% of the mortgage amount which is used to lower the interest rate.
• Property Taxes: based on true taxes as levied for County, Town, Village, City, School
  • If Escrowed (Lender pays taxes when due) - plan on 12 months worth of taxes to be divided between the ESL Tax Escrow account and what is owed back to the seller.
  • If Not Escrowed (you pay your own taxes when due) - plan on an amount to payback the Seller for prepaid taxes.
• Down Payment - the cash portion paid by a buyer from his own funds to purchase a property.
• Refinance transactions - an Abstract Rebate will be conducted. The estimated minimum fee for the re-date is $100.00. Fees differ by county.
• Tax Service Fee - Additional charge for loan amounts of $500,000 or higher.
• PMI Charge (Private Mortgage Insurance) - required on loans over 80% LTV to protect the Lender in the event of default of the borrower
• Your Attorney Fees - as charged by your Attorney for services rendered.
• Other charges or fees as required by the county in which the property is located. Other expenses as agreed upon between the Buyer and Seller.
• Additional closing fees charged on construction loans (perm-to-perm or temp-to-perm).