Itemized estimate for your state and loan type
1 point = 1% of your loan amount. Typically reduces your rate by ~0.25%. Break-even on the savings is usually 5–7 years — only worthwhile if you plan to stay.
| Line Item | Notes | Low | Typical | High |
|---|---|---|---|---|
| Loan Origination Fee | 0.5–1.5% of loan | $1,600 | $3,200 | $4,800 |
| Appraisal | Required by lender | $350 | $500 | $750 |
| Credit Report | $25 | $35 | $60 | |
| Lender's Title Insurance | 0.4–0.7% of loan | $1,280 | $1,600 | $2,240 |
| Owner's Title Insurance | 0.4–0.7% of price | $1,600 | $2,000 | $2,800 |
| Title Search / Exam | $100 | $200 | $400 | |
| Escrow / Settlement Fee | $400 | $550 | $850 | |
| Recording Fees | County/municipality | $158 | $225 | $338 |
| Prepaid Interest (15 days avg) | Depends on rate & close date | $526 | $921 | $2,367 |
| Homeowner's Insurance (1 yr) | Prepaid at closing | $800 | $1,500 | $3,000 |
| Property Tax Escrow (2–3 mo) | Impound account seed | $600 | $1,100 | $2,000 |
| Total | $7,439 | $11,831 | $19,605 |
Estimates are based on typical ranges and may vary significantly by lender, county, and negotiation. Request a Loan Estimate (LE) from your lender within 3 business days of application — it shows actual fees. Seller concessions can offset many of these costs.
Closing costs are one-time fees paid when a real estate transaction finalizes — typically 2–5% of the purchase price. They fall into two categories. Lender fees include origination charges, discount points, and application fees. Third-party fees include title insurance, escrow, appraisal, recording fees, and state transfer taxes. Some are fixed by law; others vary by state, county, lender, and negotiation.
Not directly for most loan types. You can ask for a 'no-closing-cost' mortgage — the lender covers costs in exchange for a slightly higher interest rate (typically 0.25–0.5% higher). Or ask the seller for concessions to cover some or all costs at closing.
The Loan Estimate arrives within 3 days of your mortgage application and shows projected fees. The Closing Disclosure arrives at least 3 business days before closing and shows the final, binding numbers. By law, most fee categories cannot increase by more than 10% between the two documents.
Lender origination fees, settlement/escrow fees, and title insurance premiums are negotiable. Government-set fees — recording fees and state/county transfer taxes — are fixed by law. Attorney fees (required in some states) are semi-negotiable depending on the firm.