Closing Cost Fees, Good Faith Estimate Online

Closing Cost Fees
Mortgage costs for many buyers can be overwhelming. You can always negotiate the price of the home including mortgage closing costs. Some sellers are willing to cover a percentage of the costs involved with closing on a loan. This will decrease the amount of money out of pocket you need to deliver on the day of the closing. This is for purchase loans only.

The settlement statement charges and name of the fees may be different from state to state. At Inter-Lake-Lending we charge the very minimum and find the lowest cost saving services (title company). You have the right to choose who you want to use for the services. When you receive a good faith estimate at the time (within 3 business days) when you applied for a loan - please check all the fees charged - remember to take it with you to the closing of your loan. You can apply online with us today and find out what are the minimum costs of doing a loan.

801. Loan origination fee (points)
802. Loan discount
803. Appraisal fee
804. Credit report
805. Lender's inspection fee
806. Mortgage broker fee
807. Tax related service fee
808. Processing fee
809. Underwriting fee
810. Wire transfer fee
811. Flood certification fee
812. Lender fee
813.

901. Interest for
902. Mortgage insurance premium
903. Hazard insurance premium
904. Other pre-paid charge
905. VA Fee

1001. Hazard insurance
1002. Mortgage insurance
1003. School taxes
1004. Property taxes
1005. Flood Insurance

1101. Closing / escrow fee
1105. City/county tax/stamps
1106. Notary fee
1107. Attorney fees
1108. Title insurance

1302. Pest inspection

0 to 4% of the loan amount
0 to 2% of the loan amount
$250 to $375 varies by region and/or state
$9.00 to $18.00 standard fee
Shop in your area for inspector
0 to 4% of the loan (mortgage Refinancing) amount
$71 is the average charged for this fee
$300 to $500 for this standard fee
$395 to $695 charged by lender
$0 to $200 charged by lender or title company
$8.50 to $13 charged by the flood company
$395 to $899 by lender - may include above fees

Prepaid interest from 1 to 30 days
Prepaid two(2) months in advance
Prepaid twelve(12) months - purchase only
Other charges associated with monthly fee
2% to 3% VA funding fee charged - veterans

Included in escrow account See Escrow Calculator
PMI insurance included in escrow account
Included in escrow account - if applicable
Included in escrow account
Included in escrow account - if applicable

Average charge is $300 for mobile closing
Seller to pay taxes on gain of property sale
This varies from state to state - if applicable
This varies from state to state - if applicable
Standard fee charged from the title company

Paid by borrower - if applicable

If you have any questions about your fees or want a second opinion on fees that is charged to you from another mortgage company please contact us anytime at (616) 301-1811
, or Email us at Rommie.Bailey@Inter-Lake-Lending.com Remember you should always be in control.