mortgage

Tennessee closing costs

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Tennessee closing costs
Origination$1,054
Third-party fees$976
Total$2,030
CityMemphis
Loan amount$200,000
Itemized origination fees charged by the lender
Origination points$1,276
Commitment fee$370
Document preparation$58
FundingN/A
Broker, originator or lender$846
Processing$1,057
Tax service$77
UnderwritingN/A
Itemized third-party fees
Appraisal$465
Attorney, closing or settlement$359
Credit report$25
Flood certification$10
Postage/courier$50
Survey$465

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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