Mortgage Costs

Understand closing costs, PMI, points, and other fees.

Fees and prepaid items paid to finalize a mortgage. Learn what's included and how to review them.

Escrow holds funds for property taxes and insurance. Learn how mortgage escrow accounts work.

Private Mortgage Insurance for conventional loans with less than 20% down.

Overview of mortgage insurance: PMI, FHA MIP, and how it protects lenders when you put down less than 20%.

Upfront charges that can lower your rate. Learn how points affect APR and closing costs.

Discount points lower your rate; origination fees cover processing. Learn the difference.

A charge for processing your mortgage. Learn what it covers and how it appears on the Loan Estimate.

The appraisal fee pays for a professional valuation of the property. Learn what it covers and typical costs.

The credit report fee covers the cost of pulling your credit report for mortgage underwriting. Learn typical costs.

Title insurance protects against defects in the property title. Learn about lender and owner policies and typical costs.

The recording fee pays the county to record your deed and mortgage in public records. Learn typical costs.

The escrow fee pays for the neutral third party during closing. Learn what it covers and typical costs.