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STATISTIC: For all states and the District of Columbia, total origination |
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and closing costs averaged $2,736. |
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| Closing costs averages: Maryland
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| Closing costs |
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Maryland
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Loan amount: $200,000 |
| Item |
Baltimore |
U.S.
average |
| Origination fees |
| Points ($) |
$699.71
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$710.94 |
| Application fee |
$425.00
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$425.00 |
| Commitment fee |
$565.00
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$565.72 |
| Document preparation |
$170.00 |
$187.24 |
| Funding fee |
$225.00 |
$225.00 |
| Origination
or lender fees |
$1,110.00 |
$1,114.81 |
| Processing |
$376.25 |
$370.93 |
| Tax service |
$65.17
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$66.28 |
| Underwriting |
$255.00 |
$246.84 |
| Wire transfer |
$30.00 |
$29.23 |
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| Title and closing |
| Appraisal |
$321.88 |
$325.98 |
Attorney, closing or
settlement fee |
$360.63
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$343.89 |
| Credit report |
$12.74 |
$12.52 |
| Flood certification |
$11.00 |
$11.10 |
| Pest, other inspection |
$50.00 |
$49.95 |
| Postage/courier |
$27.82 |
$28.30 |
| Survey |
$112.50
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$134.85 |
| Title insurance |
$698.60
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$707.30 |
| Title work: Title search, plat drawing, name search, endorsements |
$185.00
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$197.71 |
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| Government fees |
| Recording fee |
$100.78
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$95.12 |
| City/county/state tax stamps/intangible tax |
$4,525.00
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$1,371.49 |
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| Prepaid |
$1,375.57
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$1,468.55 |
| Escrow |
$700.00 |
$707.56 |
| Total cost |
$6,255.67
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$3,681.04 |
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| Average origination |
$1,284.89
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$1,294.04 |
| Average title and closing |
$1,469.88
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$1,442.17 |
| Average origination plus title |
$2,754.77
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$2,736.21 |
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TOP MORTGAGE STORIES |
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2007 closing costs study
