Estimated Closing Costs

Estimated Closing Costs Discount Mortgage Estimated Closing Cost

Please note that the following costs are estimates and do not include items such as prepaid interest, Homeowner’s insurance, transfer taxes, and other fees. These items will depend on your closing date, property address, and current lender.

Discount Mortgage will send you a detailed closing cost estimate upon application. Once you have returned your paperwork, you will be provided with the Good Faith Estimate.

Non-Recurring Costs		Title @ Settlement Fees
Points or Rebate		Title Insurance Lender	**
Underwriting Fees	$250	Title Insurance Owner
Processing Fees	$250	Escrow Fee	**
Documentation Preparation	$75	Mortgage Tax	$0
Notary Fee	$20	Reconveyance Fee	$50
Credit Reports Fee	$25	Delivery Fee	$30
*Appraisal Fee	$300	Search Fee	$0
Tax services	$70	Recording Fee	$65
Courier	$50
Flood	$20
Administration Fee	$75
Wire Transfer Fee	$50
Sub-Total	$1185	Sub-Total	**

Important Notes
The above estimated fees apply to loans with closing cost and/or Points.

* The borrower pays Appraisal fee at the time that the appraiser conducts the appraisal inspection. If you are taking a "Low Fee" loan, we still request that you pay the appraiser at the time of inspection. We will pay you back the appraisal fee at the close of escrow.
The actual appraisal fee is higher for custom homes and rural properties. Our appraisers will provide you with this cost prior to the inspection.

Title Insurance & Escrow fees depends on the loan amount. For more information, please refer to the schedule of Title Insurance and Escrow Fees from Chicago Title Company or Old Republic Company .
** Attached link calculates your Title & Escrow Fees, based on your loan amount.