What are My Closing Costs? (Buyer)

 
Closing costs are the costs associated with the loan closing, while settlement charges include closing costs, pre-paid interest, escrow reserves for taxes and insurance, and the down payment. Closing costs and settlement charges are listed on the Good Faith Estimate (GFE) during the loan application and on the HUD-1 at the closing.  Please contact your loan officer for a copy of your GFE and see the link below for Milestones SmartGFE Calculator and Fee Schedule.

Purchase Transactions

Buyer
HUD-1 Line 1101   $995 + Lenders Title Insurance
 
Includes:
Settlement Fee, Title Examination & Evaluation, Binder/Policy Preparation & Issuance, Courier, Administrative & Processing, Document Preparation,
Recording Service, Judgment Search

Additional Charges*:

  • Owner’s Title Insurance (Based on Sales Price)
  • MD/DC Survey ($230)
  • VA Survey ($325)
  • Abstract/Title Search ($350 Estimate)
  • Digital Documents ($45)If Applicable*:
  • DC Tax Certificate ($55)
  • DC Insured Closing Protection Letter ($50)
  • VA Insured Closing Protection Letter ($20)

* Fees vary per property.  Please contact Milestone Title or use our SmartGFE Calculator for an exact quote.

Refinance Transactions

Borrower
HUD-1 Line 1101        $1140 + Lenders Title Insurance
 
Includes:
Settlement Fee, Title Examination & Evaluation, Binder/Policy Preparation & Issuance,
Courier, Administrative & Processing, Document Preparation, Recording Service, Judgment Search

Additional Charges*:

  • Abstract/Title Search ($350 Estimate)
  • Mortgage Release Procurement ($150 per release)
  • Digital Documents ($45)
  • reQuire Release Tracking ($35 per release)If Applicable*:
  • DC Insured Closing Protection Letter ($50)
  • VA Insured Closing Protection Letter ($20)
  • Title Curative ($295)

 

* Fees vary per property.  Please contact Milestone Title or use our SmartGFE Calculator for an exact quote.