Laverne Lovelle Garcia's Picture
Laverne Lovelle Garcia
Phone: 210.482.3750
Office: 210.482.3500
Cell: 210.837.2493
Fax: 210.482.3758

Estimate of Buyer's Cost

ESTIMATE of Buyer Cost

 

VA

FHA

Conventional

Assume

Owner Carry

Cash

TITLE CO. CHARGES            
Escrow Fee - varies

*$350.00

$350.00

$350.00

$350.00

$350.00

$350.00

Mortgagee's Title Policy

$175.00

$175.00

$175.00

 

$175.00

 
Survey Endorsement

5% of Owner's Title Policy and Mortgagee's Title Policy

Courier Fee  

$35.00

$35.00

$20.00

$20.00

$20.00

Recording Fees -$16 for 1st p. & $4 each add. p.

$180.00

$180.00

$180.00

$50.00

$180.00

$23.00

Guaranty Fee

$10.00

$10.00

$10.00

$10.00

$10.00

$10.00

 
LENDER CHARGES
Loan Origination Fee

1% of loan

     
Loan Discount Points            
Appraisal Fee- Basic Residential Home

$400.00

$400.00

$400.00

     
Credit Report

$50.00

$50.00

$50.00

     
Inspection Fee

*$60.00

$50.00

       
Underwriting Fee  

$375.00

$375.00

     
Loan Processing Fee

*$360.00

$375.00

$375.00

     
Tax Service Fee

*$110.00

 

$110.00

     
Flood Certification

$25.00

$25.00

$25.00

     
Courier Fee  

$35.00

$35.00

$35.00

   
Assumption/Transfer Fee            
Conventional PMI            
FHA-MIP            
VA Funding Fee — varies

1% of loan

         
 
MISCELLANEOUS CHARGES
Survey- Basic Residential Home

$420.00

$420.00

$420.00

     
Termite Inspection - under 2000 sq. ft.  

$75.00

$75.00

$75.00

$75.00

$75.00

Structural Inspection (**POC)

*$175.00

$200.00

$175.00

$175.00

$175.00

$175.00

HOA Transfer Fee  

$100 - Varies according to subdivision

 
Homeowner's Warranty

$299-400

$299-400

$299-400

$299-400

$299-400

$299-400

Attorney Fee/Note/Deed of Trust

*$250.00

$250.00

$250.00

 

$200.00

$200.00

Deed of Trust to Secure Assumption      

$60.00

   
 
ESTIMATED CLOSING COSTS          
Sales Price   First Year Hazard Insurance   Principle & Interest
Estimated Closing Costs +   2 Months Hazard Insurance   Taxes  
Estimated Prepaid Items +   3 Months Tax Reserves   Hazard insurance
Total Loan Amount (Including PMI/MIP)   1st Year PMI (Conv.)   PMI (Conv.)
Less Earnest Money   2 Months MIP   Association/Condo Dues
    Prepaid Interest    
    Total Prepaid Items   Estimated Monthly Payment
**Paid outside closing 
*Only allowed if Borrower is NOT paying origination fee

***NOTICE: THIS IS AN ESTIMATE ONLY AND IS PROVIDED AS A COURTESY BY CHICAGO TITLE OF TEXAS, LLC***