Conventional Costs

Conventional Lender

AFG

Credit Report

$55

$0

Appraisal (3rd Party)

$500

$0

Doc Fee

$500-800

$0

Underwriting Fee

$250-400

$0

Origination Fee

2% to 8%

$0

Prepayment Cost

Varies by Lender

$ 0 after 30 days

MIP Insurance

Varies by Lender

$0

Property Insurance

Varies by Lender

Residential: $6 per $1000 loan amount ($500 min.)

Commercial: $10 per $1000 loan amount ($500 min.)

Loan Broker Fees

Typically 1% +

$0

Title Report

$400-550

$250 estimated

Recording

$75

$0

Tax Service

$65

$0

Appraisal Fee (In House Verification)

$300

$0

Additional Interest Paid in Advance

$300

$500

Legal

$250

$0

Collection Set Up Fee

$50

$0

Wire Fee

$25

$0