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Illinois closing costs

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Illinois closing costs
Origination fees charged by lenders$1,080
3rd-party fees$1,000
Total$2,079
CityChicago
Loan amount$200,000
 
Itemized origination fees charged by the lender
Origination points$222
Commitment fee$370
Document preparation$58
Broker, originator or lender$1,034
Processing$857
Tax service$81
Underwriting$525
 
Itemized 3rd-party fees
Appraisal$434
Attorney, closing or settlement$438
Credit report$21
Flood certification$10
Postage/courier$100
Survey$463
  

Bankrate.com surveyed up to 10 lenders in each state in June 2016 and obtained online Loan Estimates for a $200,000 mortgage to buy a single-family home with a 20% down payment in a large city. Costs include fees charged by lenders, as well as 3rd-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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