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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: Texas
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| Closing costs |
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Texas
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Loan amount: $200,000 |
| Item |
Houston |
U.S.
average |
| Origination fees |
| Points ($) |
$806.00
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$710.94 |
| Application fee |
$422.50
|
$425.00 |
| Commitment fee |
$565.00 |
$565.72 |
| Document preparation |
$230.00
|
$187.24 |
| Funding fee |
-- |
$225.00 |
| Origination
or lender fees |
$1,110.00 |
$1,114.81 |
| Processing |
$385.00
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$370.93 |
| Tax service |
$81.83
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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 |
$303.57
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$325.98 |
Attorney, closing or
settlement fee |
$280.00
|
$343.89 |
| Credit report |
$11.98
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$12.52 |
| Flood certification |
$11.20
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$11.10 |
| Pest, other inspection |
$50.00 |
$49.95 |
| Postage/courier |
$27.82
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$28.30 |
| Survey |
$312.50
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$134.85 |
| Title insurance |
$1,185.06
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$707.30 |
| Title work: Title search, plat drawing, name search, endorsements |
$305.08
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$197.71 |
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| Government fees |
| Recording fee |
$83.38
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$95.12 |
| City/county/state tax stamps/intangible tax |
--
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$1,371.49 |
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| Prepaid |
$1,616.89
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$1,468.55 |
| Escrow |
$700.00 |
$707.56 |
| Total cost |
$3,988.57
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$3,681.04 |
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| Average origination |
$1,370.88
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$1,294.04 |
| Average title and closing |
$2,042.60
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$1,442.17 |
| Average origination plus title |
$3,413.47
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$2,736.21 |
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TOP MORTGAGE STORIES |
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2007 closing costs study
