This article will give you a basic idea of how closing costs are normally distributed in Lee County, FL.

BUYERS

SELLERS 

 Financing (a) Appraisal.
(b) Loan Service.
(c) Credit Record.
(d) FHA or VA Fees.
(e) Fee for Preparation of Mortgage, if any.
(f) Prepaid Interest, if any.
(g) Prepaid Insurance and Tax Reserves.

Mortgagee’s Title Insurance Policy.

Doc Stamps (.35 per $100)

Intangible Tax. (.002 x Mtg. Amt.)

Recording of Deed and Mortgage.

Conditional Filing.

Pest Inspection & Survey.

Insurance Premiums.

Closing Fee.

Title Evidence
(a) Owners Title Insurance Policy

State Transfer Tax (.70 per $100)

Cancellation of Existing Liens
(a) Mortgages
(b) Judgment Liens
(c) Federal Tax Liens, etc.

Cancellation Fees (Hold Sig)

Special Assessments & Taxes

Recording Satisfactions

Tax Proration

Real Estate Commission

Mortgage Prepayment Penalty, if any.

Interest to Date of Proration on Assumed Mortgages.

Lenders Service Charge on VA or FHA Loans, If any.

Rent Proration

Search & Exam Fee.

Closing Fee.

 

The F.H.A.
WILL NOT ALLOW
the borrower to pay the following:

 

The V.A.
WILL NOT ALLOW
the borrower to pay the following:

  1. Underwriting/review/loan exam fee
2. Warranty deed preparation
3. Mortgage assignment
4. Any express mail charges
5. Recording of satisfactions or releases
6. Photos of residence
7. Tax service
8. Builders warranty
9. Copies of documents
10. Counseling fee

1. Amortization schedule
2. Pest inspection
3. Any express mail charges
4. Document preparation
5. Warranty fee (new construction)
6. Underwriting/review/loan exam fee
7. Engineers certification
8. Compliance inspection (new construction)
9. Appraisal, if not ordered in Vets name
10. Settlement/Closing
11. Notary
12. Photographs
13. Bond application fee
14. Tax Service
15. Attorneys fee
16. Repair inspection
17. Copies of documents

**NOTE: These are guidelines that are thought to be accurate, but may change at any time. Your mortgage lender will have current information on all loan types.**