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2009 Closing Costs Exclusive
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mortgage
State-by-state closing costs: Michigan

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Closing costs
Loan amount: $200,000
Michigan
Origination, title and closing
Loan amount$200,000
Points ($)$680
Administration fee$0
Application fee$409
Commitment fee$565
Document preparation$285
Funding fee$0
Broker, origination or lender fees$1,400
Processing$306
Tax service$72
Underwriting$394
Wire transfer$0
Appraisal$373
Attorney, closing or settlement fees$408
Credit report$22
Flood certification$11
Inspections (pest, etc.)$50
Postage / courier$39
Survey$192
Title insurance$680
Title search$50
Government fees
Recording fee$75.95
City, county, state tax stamps or intangibles tax$35
Prepaid$1,019.04
Escrow$708
Total origination$1,398
Total title and closing$1,404
Total$2,802

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.77% 3.60%
15 yr fixed mtg
2.88% 2.74%
5/1 ARM
2.66% 2.54%
30 yr fixed mtg refi
3.76% 3.58%
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