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Ocala and Marion County real estate
 
 

   

   

   

   

   

   

   

   

   

   

   

 

Estimated Closing Costs In The Ocala and Marion County Area

 

Common Disbursements

Loan Origination Fee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$390.00

Credit Report

 

 

 

 

65.00

Tax Service Fee

 

 

 

 

 

75.00

Underwriting Fee

 

175.00

Processing Fee 

175.00

Mortgagee's Title Policy 

    250.00 - 400.00

Flood Certificate

 

 

 25.00

Survey Fee

 

225.00

Courier/Express Mail

 

 

50.00

Home Inspection Fee

250.00

Termite Inspection

 

 

75.00

Appraisal Fee

  275.00

Cesspool / Well Certification  (If Necessary )

 

 

75.00

 

Other Fees - If your down payment is less than 20% of the purchase price of the property, the mortgage will require PMI/MIP insurance. This will result in an additional out-of-pocket expense of 2.25% of the mortgage. This upfront cost can be financed into the mortgage

There is also a monthly PMI/MIP insurance premium, which is added to the mortgage payment. This premium ranges from .5% of the mortgage value to .78% depending on the size of down payment.

 

 

State Tax on Mortgage – 0.35 per 100

 

State Mortgage Intangible Tax – 0.20 per 100

Tax Deposits as required 

Flood Insurance Premium  - If required

 

Hazard Insurance Premium as required 

Transaction Coordination Fee



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