Our Closing Costs

Typical Closing Costs - 1st mortgage effective 6/1/2008

• Administration fee........................................      795.00

• Title Fees - we have a flat rate for which includes;

  • Closing fee - $230

  • Title insurance - $710* (loans from $150-300K)

  • Recording fees (may vary) -$76.00

  • Courier fee - $20

  • Tax certificate - No Charge

  • Title endorsements - No Charge.......    1036.00

• Typical refinance closing costs $1831.00**

On a purchase the title charges are reduced. 

• Typical charges for title related charges.....      616.00

• Typical purchase closing costs $1411.00**

No extra lender fees for simultaneous second mortgages!

Only additional title company charges - if any.

Points and prepaid items are additional.

Prepaid items include property tax, homeowners insurance to start escrow account  and any daily interest charges.

Escrow accounts are set by federal law and will not vary from lender to lender.

Daily interest is determined by the day you close and will not vary from lender to lender.

*Title rates for other loan amounts

• $0 to $149,999.......................Deduct..$   50

• $300,001 to $500,000...........Add.......$ 165

• $500,001 and above   ......................Please call

**An appraisal is required on all transactions by an Advantage Funding approved appraiser and they typically cost $350 in the metro areas.

An appraisal deposit of $350 is required on all loans.

All fees are subject to change without notice.

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