May
26

What makes up closing costs?

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Closing costs in most cases are made up of the following items:

• Attorney and Escrow Fees ( yours & the lender)
• Property Taxes
• Interest  (Interes is paid from close date to 30 days of 1st Payment)
• Recording Fee
• Survey Fee
• First Premium of Mortgage Insurance (If applicable)
• Title Insurance
• First payment to escrow (future real estate taxes and insurance)
• Loan Discount Points
• Paid Receipt for Homeowners Insurance Policy (plus Fire and Flood Insurance if applicable)
• Document Preparation Fees

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