There are many different factors which can affect closing costs however the following can serve as a guide to what typical costs may be.

• Attorney or escrow fees (Yours and you lenders 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 fees.
• Recording fees
• Survey fees
• First premium of mortgage insurance (if applicable)
• Title Insurance (yours and lender's)
• Loan discount poins
• 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.
• Loan Origination fees (covers lenders administrative costs).

The Settlement Statement Form, commonly reffered to as HUD-1 is prepared by your closing agent, sumarizes all the costs involved in the aquisition of your home and will be reviewed in detail during the closing.