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Tucson
Mortgage Process - Buyers Closing Costs |
When Buying or Selling Homes in Tucson,
Arizona think Top Realtors: SK Nicholson, Robert Nicholson
| Below
is an estimate of a buyer's typical closing costs. It's very important that you,
as a buyer, check the lender's fees prior to committing to a loan officer. Lenders
can differ significantly in their fees. Some loan officers will quote a low interest
rate but more than make up for it on their fees. |
Buyer's
Estimated Closing Costs | | | Conventional | VA | FHA |
| Appraisal
Fee | $350 | $350 | $350 |
| Attorney
Fees | $300 | $0 | $250 |
| Credit
Report | $75 | $75 | $75 |
| Discount
Points (1% of Loan amount) | buyers
choice | buyers
choice | buyers
choice | | Escrow
Fee | $85 | $0 | $75 |
| Flood
Certificate | $30 | $30 | $30 |
| Homeowners
Association Fees | prorated,
actual | prorated,
actual | prorated,
actual | | Homeowners
Insurance | 14
months prepaid | 14
months prepaid | 14
months prepaid | | Lenders
Inspection Fee | $50 | $0 | $50 |
| Lender
Required Tax Reserves | 3-4
months | 3-4
months | 3-4
months | | Messenger
Fees | $85 | $0 | $85 |
| Mortgagee's
Title Fee | $195 | $195 | $195 |
| Loan
Origination Fee | 1%
of loan amount | 1%
of loan amount | 1%
of loan amount | | Processing
Fee | $150 | $0 | $0 |
| Recording
Fee | $40 | $40 | $40 |
| Survey | $350 | $350 | $350 |
| Tax
Service Fee | $150 | $0 | $0 |
| Home
& Termite Inspection Fee | $250
(varies by house) | $250
(varies by house) | $250
(varies by house) | | Underwriting
Fee | $250 | $0 | $0 |
| VA
Funding Fee | $0 | 2-3%
of loan amount | $0 |
| Wire
Transfer Fee | $100 | $0 | $0 |
| Amortization
Schedule | $25 | $0 | $25 |
| Misc.
cushion | $500 | $500 | $500 |
| |
Next:
Home
Search & Negotiations
Note:
Each individual transaction is different. The steps included in this web site
are only an example of an average transaction. |
