Understanding Your Loan: Closing Cost Details
Your loan officer can help you understand your Closing Disclosure.
However, if you’d like a second review, call First Title & Abstract, Inc. We are the title company in Naples, Florida and Marco Island which real estate clients and professionals have come to rely upon for nearly 40 years!
Page 2 of your Closing Disclosure details specific closing costs.
Section A includes: Origination charges collected by the lender Origination fees paid to brokers, loan officers or other parties and Discount Points – prepaid interest. These figures should match your original Loan Estimate.
Section B covers services for which you could NOT shop. The total of these should be within 10% of the total from your Loan Estimate.
Section C covers services you could shop. If you chose providers from the lender’s written list, costs should be within 10% of Loan Estimate. The set of services you can shop may vary on different loans.
Understanding Your Loan: Closing Cost Details
The Recording Fees in Section E should be within 10%; other costs in E, plus F, G and H, may vary from your Loan Estimate without tolerance limits.
This page will also break out the costs YOU will pay, before or at closing; the costs the Seller will pay, any costs paid by others and any credits from your Lender.