Estimated
Purchaser Closing Costs In The Kingsport and Johnson City Area
Based On Sales Price Of $200,000.00 And An 80% Loan Amount
Of $160,000.00
LOAN TO VALUE ADJUSTMENTS - If your loan is greater than 80% of the sales price, a
monthly mortgage insurance premium will be added to your payment. This does not
affect out of pocket expenses at closing, but does add an additional monthly
amount to your payment. The premium will be calculated based on the exact loan
to value.
PROPERTY TAXES & HOMEOWNERS INSURANCE – This will
affect both your monthly payment based on 1/12 of the yearly cost of each, as
well as increasing the closing expense times two months of each of these items.
With an 80% LTV, these additions may be waived provided other loan criteria are
satisfactory.
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Common Disbursements |
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Origination |
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0% to 1% |
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Credit Report |
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$52.00 |
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Underwriting Fee |
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250.00 |
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Title Insurance |
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440.00 |
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Flood Certification |
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20.00 |
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Tax Service |
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77.00 |
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Appraisal Fee |
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300.00 |
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Attorneys Fee |
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450.00 |
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Recording Fees |
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1060.00 |
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These
figures are estimates only and are different for each type of loan and for each
buyer. Final figures will be determined prior to closing date.
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