VA & FHA TRANSACTION

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Charges to Seller

1. Doc Stamps on Deed @ $7.00 per $1,000.00.
2. Abstract: approx. $250.00 for continuation.
3. Payoff existing loan(s).
4. Real Estate Commission.
5. Discount Points.
6. Assignment of Mortgage $10.00.
7. Appliance Warranty $350.00.
8. Document Preparation $250.00.
9. Recording Satisfaction of Mortgage $10.00.
10. Tax Search $10.00.
11. City Lien letter $65.00.
12. Courier / Shipping $50.00.
13. Termite Report $50.00.
14. TRETS $65.00.
15. Code Inspection.
16. Closing fee $250.00.
17. FHA / VA non-allowable approx. $500.00.

Charges to Buyer

1. Owner’s Title Insurance (Promulgated).
2. Simultaneous Issue (Lender’s Policy).
3. Origination Fee 1% of base loan amount.
4. Interest: Day of closing to end of first month.
5. Escrows: Taxes, Hazard, and Flood Insurance.
6. Recording fees: Deed $10.00, Mortgage (FHA) $37.50, (VA) $37.50, Doc Stamp on Mtg. @ $3.50 per $1,000.00, Intangible tax on Note @ $2.00 per $1,000.00.
7. Recertification: $225.00.
8. Credit Report $50.00.
9. Appraisal fee $275.00.
10. First year Homeowner’s and Flood Insurance.
11. Survey $300.00.
12. MIP charge (FHA).
13. ALTA endorsements.
14. Title examination fee $295.00.
15. VA funding fee 1¼ of base.
16. Closing Fee $250.00.
17. Contact your lender for additional charges.

* The above fees and charges are approximate and may not be applicable to all transactions.