Hi, I am working with a broker who has provided me with a cash to close statement based on a property I sent them that is along the lines of what we hope to purchase. This is to give us an idea of what our out of pocket costs will be when we find the home we want to purchase.
These are the fees that were listed (based on a purchase of a 170k home with a Home Possible loan), please tell me if they look legit. (First time homebuyer here!)
Thanks in advance for any help.
Administrative Fee...995
Appraisal Fee...404
Credit Report...25
Flood Certification...9.50
1104 Lender's Title Insurance...450
Settlement/Closing Fee...1750
Closing Protection Letter...100
Owners Title Insurance (I was told this is paid by the seller)...1100
Recording Charges Mortgage...185
City/County Tax/Stamps Deed...2,038 (I was told that the Transfer tax is paid by the seller, est at 764.55)
