Estimated Closing Fees
There are a number of variables inlcuded in "closing costs". The majority of fees are based upon the cost of the home; the expense is based upon a cost per basis. The largest variable will come from the lender as those fees are negotiated outside of these. The list below will give you an idea of our estimated rates.
Attorneys Fee......................................................$450.00
Lender’s Title Insurance...........$1.95 per thousand of loan amount
Owner’s Title Insurance............$1.75 per thousand of purchase price
Title Exam..............................................................$175.00
Title Binder Fee..........................$75.00 (if applicable)
Wire Charges.....................................$23.00 per payoff
Courier Fee.............................................................$50.00
Recording/Filing Fee.......................................... $80.00
Intangible Tax.............................$3.00 per thousand of loan amount
Transfer Tax...............................$1.00 per thousand of purchase price
*Simultaneous 2nd..........................$200.00 (Title Fee)
*Recording/Filing on 2nd...................................$40.00
Settlement fee................$125.00 (reverse mtg only)
Scott G. Mills, Attorney
EMAIL
Mills & Associates
137 Johnson Ferry Road
Marietta, Georgia 30068
Phone: 770-874-1988
Fax: 770-874-1989