Our Closing Costs

Typical Closing Costs - 1st mortgage effective 1/01/2012

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

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

  • Closing fee - $365

  • Title insurance - $605* (loans from $100,000-149,999)

  • Recording fees (may vary) -$99.00

  • Title endorsements - No Charge.......   1069.00

• Typical refinance closing costs $1864.00**

On a purchase the title charges are reduced. 

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

• Typical purchase closing costs $1411.00**

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 $99,999.  ......................Deduct..$    80

• $150,000 to $199,999...........Add.......$    50

• $200,000 to $299,999...........Add.......$  150

• $300,000 to $399,999...........Add.......$  250

• $400,000 to $499,999...........Add.......$  350

**An appraisal is required on most transactions by an Advantage Funding approved appraisal Management Company and they typically cost $425 in most areas.

An appraisal deposit of $425 is required on most loans.

All fees are subject to change without notice.

Copyright © 1997-2012 Advantage Funding. All rights reserved.