Atlanta real estate

  

  

Estimated Closing Costs In The Atlanta Area





Common Disbursements

Loan Origination Fee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1%

Credit Report

 

 

 

 

$65.00

Tax Service Fee

 

 

 

 

 

125.00

Underwriting Fee

 

 

250.00

Processing Fee 

 

 

 

 

 

150.00

Mortgagee's Title Policy 

 

 

150.00

Tax Endorsement

 

 

 

 

 

25.00

Flood Certificate

 

 

 50.00

Escrow Fee

 

 

 110.00

Survey Fee

 

 

200.00

Attorney Fee

 

 

150.00

Photos

 

 

25.00

Courier/Express Mail

 

 

50.00

Home Inspection Fee

 

 

150.00

Termite Inspection

 

 

50.00

Appraisal Fee

 

 

350.00

Lender Inspection Fee

 

 

100.00

Home Warranty if wanted

 

 

325.00

Recording Fees

 

 

30.00

 

Other Fees - If your down payment is less than 20% of the purchase price of the property, the mortgage will require PMI/MIP insurance. This will result in an additional out-of-pocket expense of 2.25% of the mortgage. This upfront cost can be financed into the mortgage

There is also a monthly PMI/MIP insurance premium, which is added to the mortgage payment. This premium ranges from .5% of the mortgage value to .78% depending on the size of down payment.

 

Tax Deposits as required 

Flood Insurance Premium  - If required

 

Hazard Insurance Premium as required 

Transaction Coordination Fee

*These figures are an estimate only. They are subject to change and it is recommended that you consult your lawyer for confirmation of your total costs.

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