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Real Estate
Reply to "Educate Me About Origination Fees!"
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[quote=Anonymous]Yes - this is the estimate we received after applying: Cash Summary: Purchase Price $500,000.00 Pentagon Federal Credit Union's origination charge $5,230.00 Your charge for this interest rate $0.00 Required services we select $16,931.00 Appraisal Fee $350.00 Credit Report $15.00 Flood Certification Fee $7.00 Tax Service Fee $59.00 VA Funding Fee $16,500.00 Title services and lender's title insurance $2,271.00 Owner's title insurance $1,800.00 Government recording charges $175.00 Transfer taxes $4,250.00 Initial escrow deposit $2,166.68 Homeowners insurance $1,250.04 Hazard Insurance Premium $1,250.04 Your new loan amount ($516,500.00) Estimated Cash Required at Closing $17,573.72 I also think the hazard insurance may be a bit high but I understand it's just an estimate.[/quote]
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