Estimated Closing Costs In The Austin 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

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