Closing Costs from HUD Statement

Here are the settlement charges for the new mortgage when we purchased House #4:

Settlement Charges
801	Origination Fee (1.0%)	$2,416.00
803	Appraisal Fee	$ 100.00
804	Credit Report	$ 8.89
805	Flood Certification Fee	$ 11.00
806	Commitment Fee	$ 450.00
807	Wire Fee	$ 35.00
808	Tax Service Fee	$ 105.00
809	High Cost Calc Test	$ 20.00
810	Preparation of Loan Documents	$ 75.00
901	Mortage Interest	$ 419.51
903	Hazard Insurance Premium 1 yr	$ 461.00
1001	Hazard Insurance Reserves 3mo	$ 115.26
1004	County Tax Reserves 3mo	$1,015.44
1008	Aggregate Adjustment	$ (345.76)
1104	Copy/Email/Fax fee	$ 50.00
1106	Courier	$ 17.00
1107	Attorney Fee	$ 500.00
1108	Title Insurance	$ 322.00
1201	Recording Fee	$ 89.00
	Total Loan Fees	$5,864.34
	Credit from Lender	$2,966.00
	Rebate from Buyer’s Agent	$5,073.00

I agreed to pay a 1% orgination fee, but the loan ended up coming with credits that more than offset the fee so I considered it equiv to a no point/no org fee loan. I also received a rather large buyer’s agent rebate. The additional credit was consumed in fuel, 2008 taxes and I went ahead and paid the 2009 property tax bill.

Read more of Closing Costs from HUD Statement…