What are the 3rd Party costs?

You will also have third party costs and expenses which include the following:

• Title Fees which include title insurance, a lender’s policy, eDoc Fees, Courier Fees, Wiring Fees, Document Recording Fees, etc. These fees can vary between $700-$1200 depending on the loan amount and type.
• Loan Servicing Set Up Fees charged by the account servicing agent (typically around $325)
• One year’s prepaid home owners insurance (for homes being bought for $40,000 to $120,000 , insurance seems to run in the $400 to $800 per year range)
• Appraisal fees paid to an appraiser (usually $350 to $450)
• Tax service fee ($85) paid to a title company to keep account servicing up to date on the subject property’s real estate taxes and their status.
• Pre-paid prorated interest (depends on the day of the month you close your deal)
• Initial deposit to the impound account as a cushion toward future real estate taxes and insurance.

The total of these fees can vary between $2300 and $3500 but they are required in almost every loan. The above are an estimated range of fees for loans under $100k. Your actual fees may vary.