Fees When Buying A House -

: The lender charged a fee to process and "underwrite" their mortgage application, often starting at 0.5% to 1% of the loan .

: A title company charged about $300–$2,500 to search public records and ensure no one else could claim ownership of the home . fees when buying a house

Finally, at the closing table, Sarah and Mike had to "prepay" for certain future expenses: : The lender charged a fee to process

: Their bank required an appraisal to confirm the house was actually worth $400,000. This cost them another $350–$1,000 . The "Lender & Legal" Fees This cost them another $350–$1,000

As the closing date approached, the administrative costs—often called —began to stack up, typically totaling 2% to 6% of the loan amount :

Here is the story of the fees they encountered on their way to the front door: The "First Impressions" Fees