FHA Closing Costs

There may be closing costs customary or unique to a certain locality, but closing costs are usually made up of the following:

• • Attorney's or escrow fees (yours and your lender's if applicable)

  • Property taxes (to cover tax period to date)

  • Interest (paid from date of closing to 30 days before first monthly payment)

  • Loan origination fee (covers lender's administrative costs)

  • Recording fees

  • Survey fee

  • First premium of mortgage insurance (if applicable)

  • Title insurance (yours and your lender's)

  • Loan discount points

  • First payment to escrow account for future real estate taxes and insurance

  • Paid receipt for homeowner's insurance policy (and fire and flood insurance if applicable)

  • Any documentation preparation fees