| Special Section: |
Closing cost survey |
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| Closing costs averages comparison:
Mississippi |
| By Bankrate.com |
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| Closing costs averages comparisons: Mississippi |
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| Item |
Mississippi |
U.S. average |
| Origination
fees |
|
|
| Loan amount |
$200,000 |
$200,000 |
| Points ($) |
$1,034 |
$1,043 |
| Application fee |
$246 |
$250 |
| Commitment fee |
-- |
$371 |
| Document preparation |
$309 |
$291 |
| Mortgage broker,
origination or lender fees |
$774 |
$779 |
| Processing |
$384 |
$386 |
| Tax service |
$62 |
$67 |
| Underwriting |
$313 |
$201 |
| Wire transfer |
$15 |
$16 |
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| Title and
closing fees |
|
|
| Appraisal |
$349 |
$343 |
| Attorney, closing
or settlement fee |
$352 |
$362 |
| Credit report |
$21 |
$22 |
| Flood certification |
$14 |
$14 |
| Pest and other inspection |
$30 |
$60 |
| Postage / courier |
$30 |
$35 |
| Survey |
$175 |
$144 |
| Title insurance
|
$722 |
$663 |
| Title work: Title
search, plat drawing, name search, endorsements |
$149 |
$196 |
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| Total average
fees |
$3,102 |
$3,024 |
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| NOTE:
Not every lender charges for every item. The
averages shown are for those that do charge
for the item. This chart omits taxes and government
fees such as documentary stamps, which can
vary between cities and counties. It also
omits escrow and prepaid items, which will
vary by what day in the month and what month
in the year you have your closing. |
| Source:
Bankrate.com research |
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