Purchase Price

$

Down Payment On Signing the Contract (~5%-10%) * 

$

Loan Amount

$

$

Owed to Seller + Lender

Tax Reimbursement to Seller + Tax Escrow to Lender (Combined=~1Yr. of Prop. Tax)**

Owed to Title Company

Title Insurance-For Buyer(~[$715.00 for 1^st $100K Purchase Price]+[.4% Over 100K]) x 1.08

Survey Inspection (If There is a Usable Survey) (~$75.00-$200.00)

Other Title Charges (Departmental Searches, Recording Fees, Etc.) (~$350.00-$600.00)

Mortgage Tax (.75% of Loan Amount minus $25.00)  

Owed to Lender (Lender will provide costs in Good Faith Estimate)

Lender's Attorney Fees (~$500.00-$750.00)

Points-Lender (Includes Origination and/or Discount Fee)

Appraisal Fee-Lender

Flood Certification-Lender

MIP (Mortgage Insurance) Payment-Lender

Underwriting Fee-Lender

Pre-Paid Interest-Lender (~ 15 days of interest on loan)

Other Fees-Lender

Total Estimated Closing Expenses

*The Security provided to the Seller upon signing the contract. 
    Not necessarily related to the amount of mortgage being procured by the Purchaser.
    Usually 10% unless negotiated otherwise with the Seller.

**

This includes 2 different costs:
1) Tax Adjustments to Seller-Reimbursing the Seller for the balance of the property taxes paid for the Current Tax Year.
2) Tax Escrows to Lender-Money held by the new Lender so it has enough to pay for the Next Tax Year. 

NOTE-The Lender will collect ¹/₁₂ of the taxes in the Buyer's monthly payment, but will probably not have received a full 12 payments when the taxes are first.  The Lender collects the difference at the closing

NOTE-The total of both combined usually equals ~ 1 year of property tax.  The closer to the end of the tax year the closing occurs, the less that will be owed to the Seller for the remainder of that year.  At the same time, the new tax payment will be coming up sooner and as a result the lender will need more money in escrow to make up for the reduced number of payments it will have received by the time the tax is due.