Understanding Closing Costs – Equity Loans, Marble Falls, TX

Closing Costs

There are certain standard costs associated with a mortgage. These fees are split between the buyer and the seller, as spelled out in the sales contract, and are specifcally the owners in a refinance of a mortgage.

Standard Closing Costs

Loan-Related Costs

Loan Origination Fee
Discount Points (optional)
Appraisal Fee
Credit Report
Underwriting / Processing
Interest Payment
Escrow Account
Survey

Taxes

Property Taxes
Transfer Taxes and Recording Fees

Insurance

Homeowners Insurance
Flood or Quake Insurance
Private Mortgage Insurance (PMI)
Title Insurance
Escrow Fee