COST COMPARISON ON A TYPICAL TRANSACTION
Sales Price: $250,000.00
Loan Amount: $200,000.00 (1st mortgage – 80%)
$25,000.00 (2nd mortgage – 10%)
FEE Kenneth R. Luther Avg of "Others"
Atty Fee (1st) $195.00 $450.00
Atty Fee (2nd) $100.00 $250.00
Title Exam $125.00 $150.00
Lenders Title Ins. $350.00 $450.00
Owners Title Ins. $250.00 $550.00
Recording Fee $ 60.00 $ 60.00
Tax Report $ 0.00 $ 10.00
Post Closing Fee $ 0.00 $ 60.00
Courier Fee $ 35.00 $ 50.00
Title Binder Fee $ 0.00 $ 50.00
TOTAL $1,115.00 $2,080.00
A DIFFERENCE OF $965.00!