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Estimated
Closing Costs
Each company providing a service in
connection with your loan has their own fees which, according to federal
regulations issued by the Department of Housing and Urban Development (HUD),
must be broken down and itemized. The list below is meant to give you an
idea of what these charges might be, it is NOT intended to be a legal disclosure,
which you'll receive by email shortly after applying for a loan with us.
HUD publishes a booklet called Settlement Costs, which defines
these fees. You may view or download Settlement Costs
now in PDF format. You may also view or download the Consumer Handbook of Adjustable
Rate Mortgages (CHARM). If you are having trouble with PDF files, please
read our PDF Information page.
This estimate is based on a 30 year fixed refinance first mortgage on
a single family residence, with a loan amount of $100,000 in the state
of New York. Reminder: Fees vary from state to state,
certain fees may or may not pertain to your particular loan or state.
InterfaithCapital
Fees
These fees are determined by the loan product you choose,
and are paid to InterfaithCapital.
Third Party Fees
These fees are for services rendered. Please note that we require
the borrower to pay for the appraisal up-front directly to the appraisal
company. |
| HUD# |
InterfaithCapital
& Third Party Fees |
| 801 |
Loan Origination
@ 1.00% |
$1,000 |
| 802 |
Loan Discount |
$0 |
| 803 |
Appraisal
Fee |
$300 |
| 804 |
Credit Report |
$0 |
| 808 |
Underwriting |
$425 |
| 809 |
Application
Fee |
$0 |
| 810 |
Document Preparation |
$350 |
| 811 |
Processing
Fee |
$375 |
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| HUD# |
Lender
Prepaid Items |
| 901 |
Interest from
to per day |
$ |
| 903 |
Hazard Insurance
Premium |
$ |
| 904 |
Flood Insurance
Premium |
$ |
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Title Company
or Attorney Fees
InterfaithCapital continuously seeks out those service providers
who can provide the best service and rates. Since these fees are determined
by the company used,we can only provide estimates at this time. |
| HUD# |
Title Company
or Attorney Fees |
| 1101 |
Closing Fee |
$650 |
| 1102 |
Abstract or
Title Search |
$250 |
| 1103 |
Title Examination |
$175 |
| 1107 |
Attorney Fee |
$ |
| 1108 |
Title Insurance |
$700 |
| 1109 |
Lenders Coverage |
$ |
| 1110 |
Owners Coverage |
$ |
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Government
fees
These fees are set by government
authorities and will apply for any loan chosen. |
| HUD# |
Government
Fees |
| 1201 |
Recording
Fees |
$150 |
| 1202 |
City/County
Tax/Stamps: 1.75% (NYC Only) |
$1,750 |
| 1203 |
State tax/Stamps
Deed: 0.75% (All NY counties except NYC) |
$750 |
| 1303 |
Tax Service
Fee |
$0 |
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Estimated Closing Costs |
$6,125
(NYC) $5,125 (Other)
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