Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago, 01/14/2015
Loan fees - are these all normal?
Hi All,
I'm in the midst of getting a loan on a 3 plex unit with 25% down. While reviewing the loan, it seemed like my net closing costs is quite high - are the fees below all reasonably priced/expected? I'd love to see what others think. This is in Texas by the way.
Thanks
$1500 - Origination fee
$275 - Doc prep fee
$425 - Appraisal Fee
$375 - Closing/Escrow fee
$100 - Lenders title insurance
$200 - Title Endorsements
$1207 - Owners title insurance
$400 - Survey
$120 - mortgage recording change