Homeowners insurance - Proof of current policy is necessary at the closing, as well as a receipt of payment of the first year's premium.
Interest on the loan - Interest covering the period from date of closing until the end of the month.
Loan application fee - This fee, collected at time of loan application, pays for the credit search and appraisal.
Loan origination fee - This is a one-time fee, charged by the mortgage broker to cover origination and processing cost.
Pest inspections - These inspections can be very reasonable and are a good investment for peace of mind.
Points - Expressed as a percentage of the loan amount, the charges are part of the mortgage broker's fees.
Recording fees - The Buyer pays the fees for legally recording the new deed and mortgage.
Survey fees - Lenders sometimes require a site survey showing the location of the house and the boundaries of the property, as well as easements and rights of way.
Title insurance - Lenders often require this insurance, the cost of which is paid by the Buyer. (See Title Insurance explanation.)
"Whole-house" inspections - Few buyers would consider purchasing this size investment without the advice of a qualified contractor.