mortgage

Alabama closing costs

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Alabama closing costs
Origination fees charged by lenders$971
Third-party fees$1,140
Total$2,112
CityBirmingham
Loan amount$200,000
 
Itemized origination fees charged by the lender
Origination points$358
Commitment fee$370
Document preparation$53
Funding 
Broker, originator or lender$878
Processing$882
Tax service$75
Underwriting$350
 
Itemized third-party fees
Appraisal$448
Attorney, closing or settlement$506
Credit report$24
Flood certification$10
Pest and other inspection$225
Postage/courier$71
Survey$308
  

Bankrate.com surveyed up to 10 lenders in each state in March and April 2017 and obtained online Loan Estimates for a $200,000 mortgage to buy a single-family home with a 20 percent down payment in a large city. Costs include fees charged by lenders, as well as third-party fees for services such as appraisals and credit reports. The survey excludes title insurance, title search, taxes, property insurance, association fees, interest and other prepaid items. The itemized average fees do not total to the average fees because the lenders' charges vary. For example, not all lenders charge a document preparation fee.

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