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See customized estimates of closing costs for specific loans at Mortgage24 Check Rates. Click on the “Change Information” button to see how the numbers change for a different loan type and amount. Click on the “Closing Fees Dollar Amount” to see a detailed listing of estimated costs.

Compare Our Closing Costs With Other Lenders

Closing Costs — Financial Institution Fees	Elevations	Typical for Other Lenders
Loan Origination Fee	None	1% of Loan
Application Fee	None	Up to $500
Mortgage Broker Fee	None	$100 - $200
Processing Fee	None	$150-$200
Document Prep	$175	$275-$425
Underwriting	$225	$225-$400

Closing Costs — Third Party Fees	Elevations	Typical for Other Lenders
Appraisal Fee	$125 - $500	$350 - $500
Credit Report	$18	Varies
Tax Service Fee	$60	$60-$75
Flood Determination	$16	$16-$20
Automated Decisioning	$65	$57-$75
Settlement or Closing Fee	$275	$100-$175
Title Insurance	Actual Costs	Actual Costs
Over-night Delivery Fee	$32	Varies
Endorsements 100+8.1	$70	Varies
Tax Certificates	$25	$30-$40
Courier Fee	$55	$50-$75

Closing Costs — Taxes	Elevations	Typical for Other Lenders
Recording Fee	Actual Costs	Actual Costs

Besides Closing Costs, you may need to pay the following fees:

Loan Discount or “Point.”Loan Discount or “Point.” One-time charge to lower the interest rate. Each point costs 1% of the loan amount and lowers the rate by 0.25%.

Prepaid Interest. Interest due on the loan from your day of closing until your first monthly payment.

Private Mortgage Insurance (PMI). You will pay PMI if your down payment isn’t enough percentage to allow the loan to be approved under Fannie Mae guidelines.

Hazard/Homeowners Insurance Premiums

Property Taxes

Portions of Insurance Premiums and/or Taxes to establish an escrow account with the lender for future payment of these items.

Loan Level Price Adjustments (LLPAs) may be required on certain loans that are considered to have an increased risk as specified by the Federal National Mortgage Association (Fannie Mae). Although these LLPAs can often be paid by loan proceeds (rolled into the loan), they are not paid by the lender under the No Closing Cost option.

Note: After you have completed an application, you will receive a Good Faith Estimate of the loan-related expenses that are due at closing. These disclosures will be available online at Mortgage24 Disclosures

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