• Example costs breakdown from lender, title, etc representing a Good Faith Estimate based on single family obtainment.
• Fees are a rough estimate to set expectations.  Fees can vary but they should be in or close to these ranges. 
• Any and all fees are reviewed for NowlinRE clients intensely.

• When the investor is referenced below, it refers to who the particular lender is receiving the funds from.
• LA = Loan Amount           SP = Sales Price
• Sales Price – Down Payment (includes deposit) = Loan Amount x interest rate (Ex – 5%=.05) = yearly tax deductible interest

• Closing or Escrow Fee – Title company fee                                                                                    $225
• Underwriting Fee or Commitment Fee – investors fee                                                                    $300 – $650
• Doc Prep Fee or Processing Fee – For Mortgage Company                                                            $395 – $550                                         

(Typically, the smaller the loan amount the higher the fee)

• Origination Fee – Based off of base loan amount (with any funding fees included)                      1% if applicable                                                         
• Loan discount fee – If applicable, you may pay points (1% of loan) to buy down rate                  TBD
• Credit Report – lender fee for pulling it from one of the three bureaus                                          $22.50
• Appraisal Fee – Required so bank knows property is worth what they are loaning                        $425 – $525
• Tax Service Fee – Determination of no delinquencies (some investors require it)

Should be included in title work                                                                                                 $70

• Doc Prep Fee – Title company                                                                                                          $80
• Mortgagee’s Title Insurance Policy –

Covers the security interest of the lender.  Diminishes as loan is paid off                                  LA x .005

• Brokers Admin Fee or Realtor Fee –

Broker fee of Realtor you are being represented by                                                                   $200 – $395

Remax Legacy’s is $200.  Other Kansas City brokerages is $250 – $395

• Recording fee – mortgage recording of docs                                                                                    $100
• Recording fee – title companies recording of deed with state                                                          $12
• Kansas Mortgage Registration Tax – KS tax law.  Directly to state at closing.  NA in MO

$2.60 per $1000 of loan or                                                                                                          LA x .0026

• Flood Certification Fee – verifying property is not in flood plain                                                   $26
• Courier Fee – to overnight all originals to investor                                                                          $20
• Delivery / Handling Fee for Payoff – overnight paperwork to sellers mortgagee                            $25

• Hazard Insurance – SP x .007 = Annual Premium                                                                            15 months worth
• Taxes – SP x .014 = Annual tax                                                                                                         4 months worth
• Prepaid interest – Interest for the remaining days of month.  Depends on closing date.

Ex – Close date on the 20^th, you owe 10 days of interest at closing. 

The earlier the closing date, the more interest is paid at the table.

• Prorated Home Owners Association Dues –                                                                                        TBD

• Structural – (Condo should be roughly $175 – $200)                                                                           $300 – $400
• Termite -                                                                                                                                                $50 – $60
• Radon -                                                                                                                                                  $95 – $110

• FHA Mortgage Premium Insurance – Government’s way of incurring loan, added back into the loan             LA x .0175
• VA Funding Fee -  benefit of no down payment                                                                                                 LA x .0215

Second time users                                                                                                                                          LA x .033