I was working with a local lender but was not happy with the interest rate. I found a lender online that has a very good rating but their estimates of fees are different. The one online was unsure what fees the seller had to pay versus buyer in Washington state. I'm trying to compare apples to apples, but its difficult because none of the fee names are the same, I was hoping someone could help me with what the buyer will have to pay.
Lender 1
Processing fee $595
Underwriting Fee $795
Appraisal Fee $700
Credit report fee $60
Title policy $950
Escrow Fee $950
Recording Fee $200
3 months homeowners insurance
6 months property tax
Lender 2:
Closing coordination fee $200
Settlement fee $125
Adjusted/owner premium $89
Full lender premium $1406
Document prep fee $150
Recording service fee $68
Deed recordin fee $130
Mortgage recording fee $148
Deed city tax/stamps $2675
Deed state tax/stamps $6848
3 months homeowners insurance
6 months property tax
Read more: Need information about closing costs in WA State?
