What you pay at closing, who it goes to, and how to compare offers fairly.
Lender costs
Fees the lender charges for making the loan, such as origination or underwriting fees, and any points you choose to pay.
Third-party costs
Services from others that the loan requires, such as the appraisal, title insurance, the settlement or escrow company, and recording fees with the county.
Prepaids and escrow
Money set aside up front for things you'd pay anyway: homeowners insurance, property taxes held in an escrow account, and interest from your closing date to the end of that month.
Comparing offers fairly
Ask each lender for an itemized list of costs and compare line by line, with the same loan type, term and lock period. If you already have an offer, David will gladly look it over with you.
General information, not advice for your situation and not a loan offer. Programs and guidelines change; David can tell you what applies to you.