I got my HUD in my email box yesterday and went through it line by line. I saved $3,000.00 in one phone call. They had credits marked down as fees… and it was messy… but I now have an accurate one and I’m pleased to say it was less then I was expecting. Here’s the breakdown.
• Service Link Fee $25.00
• Hoa dues from 9/23-9/30 $57.53
• Lender Fee $1050.00
• Flood Check Fee $26.00
• Prepaid Interest $135.60
• Taxes (10 Months) $1125.00
• HOA Transfer fee $150.00
• Notary Fee $150.00
• Title Insurance $315.00
• HOA for October $250.00
• Recording $78
• Remaining Down payment $200.00
• $0.50
• REFUNDABLE PAD $500.00
Total: $4,062.63
I have a $500.00 Credit from my lender, and I’m being reimbursed $576.37 in taxes for a new total of:
$2,986.26 ($500 of which should be returned to me) so $2,486.26
To date I’ve spent : $4,792.00
• Cashier’s check $7.00
• Home Inspection $275.00
• Down payment $4,000.00
• Appraisal Fee $465.00
• Credit Report Fee $35.00
• Account Verification Fee from IGOBANKING $10.00
I add in my closing costs with what i've already spent and it’s a grand total of $7,278.26…. My tax credit is $8,000.00 so all of my money is being returned to me (and then some). (and I have $2,174.00 in equity on day one.)
My total mortgage, taxes, PMI, and HOA all comes to: $1,078.38
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