Closing Costs List - NCDOT



CLOSING COSTS LIST TYPE OF CLOSING COSTactualeligible 1. loan origination fee$ FORMTEXT ?????$ FORMTEXT ????? 2. appraisal fee FORMTEXT ????? FORMTEXT ????? 3. credit report FORMTEXT ????? FORMTEXT ????? 4. mortgage insurance FORMTEXT ????? FORMTEXT ????? 5. attorney’s fee FORMTEXT ????? FORMTEXT ????? 6. title insurance FORMTEXT ????? FORMTEXT ????? 7. recording fees FORMTEXT ????? FORMTEXT ????? 8. survey FORMTEXT ????? FORMTEXT ????? 9. pest inspection FORMTEXT ????? FORMTEXT ?????10. HOUSE INSPECTION FORMTEXT ????? FORMTEXT ?????11. OTHER: FORMTEXT ????? FORMTEXT ?????12. OTHER: FORMTEXT ????? FORMTEXT ?????13. OTHER: FORMTEXT ????? FORMTEXT ?????explanation of eligible costs:1. New Loan amount = $ FORMTEXT ????? Old mortgage balance = $ FORMTEXT ????? A.) FORMTEXT ?????% (*) times lower = $ FORMTEXT ?????.Ask lender for A.) %, above. Also, please find out if the Origination Fee is capped. (ex: .75%, $1,500 NCSECU)If lender states that the Origination Fee is a fixed rate, i.e. same for $50K as it is for $500K, then we pay it all.6. Comparable house from Evaluation: $ FORMTEXT ?????.$2.54/K up to $100,000 = $ FORMTEXT ?????$1.98/K $100,001-$500,000 = $ FORMTEXT ?????$1.29/K $500,001-$2,000,000 = $ FORMTEXT ?????$0.99/K $2,000,001-$7,000,000 = $ FORMTEXT ?????$0.69/K $7,000,001 and above = $ FORMTEXT ?????TITLE INSURANCE TOTAL = $ FORMTEXT ?????Other notes: FORMTEXT ?????(*) Loan origination fee is not always 1%. Be sure to check it. If over 1%, get approval from Raleigh first. ................
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