Closing Costs and Fees

In order to protect you as an investor, there are several steps involved with getting your loan application approved. Many of these steps include costs and fees. You will find a list with sample of these costs below.

When you apply for your actual mortgage, you will receive a good faith estimate containing more accurate details regarding your specific closing costs and fees. Please review any questions you have about these costs with your Asset Capital Group mortgage specialist prior to closing so everything goes smoothly on your closing date.

Sample Mortgage Loan Costs and Fees

Item	Description *
Administration Fee	A bundled fee that includes flood certification, your state Residential Fee, and Tax Service Fee. Ranges between $0 - $150.
Application Fee	Fees that are paid upon mortgage application. An application fee frequently includes charges for property appraisal ($200-$400) and a credit report ($30-$50).
Homeowner's Insurance	At closing, most lenders require you to have proof of homeowner's insurance, a policy which combines personal liability insurance and hazard insurance coverage for a dwelling and its contents. Generally, you will pay your initial premiums into escrow at closing. The amount will vary, depending on your policy and the value of your home.
Lender's Attorney Fee	Costs for the lender's attorney to draw up documents, check to see that the title is clear, and represent the lender at the closing. Ranges between $150 - $500.
Origination Fee	On a conventional loan, the loan origination fee refers to the total number of points a borrower pays, usually 0-1% of the loan amount.
Recording Fees	A fee for conveying the sale of a piece of property into the public record, usually $55-$125.
Survey	A drawing or map showing the precise legal boundaries of a property, the location of improvements, easements, rights of way, encroachments, and other physical features. Ranges from $275-$500.
Underwriting Review	The process of verifying data and approving a loan. Ranges from $0-$300.

* The closing costs and fees displayed on this page are only estimates based on a conventional loan and do not represent the actual amounts your loan may require.