Estimated Closing Costs In The Edmond and Oklahoma City Areas

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							16.00
Escrow Fee							75.00
Attorney Fee							150.00
Survey Fee							100.00
Courier/Express Mail							50.00
Home Inspection Fee							180.00
Termite Inspection							99.00
Appraisal Fee							350.00
Lender Inspection Fee							100.00
Home Warranty if wanted							360.00
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

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