Estimated Closing Costs In The Denver Area

Estimates are based on a $250,000 purchase price with a mortgage.
Common Disbursements
Lender Appraisal Fee										$400.00
Credit Report											45.00
Escrow Reserves											400.00
Loan Origination Fee (1% of loan value)											2,250.00
Title Policy Endorsements											250.00
Escrow Closing Fee											250.00
Recording Fees											50.00
Lender Fees											500.00
Flood Certification Fee										20.00
						Sub-total					$4,165.00
Other Fees - various misc. fees											$500.00
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.
Interest Adjustment - Between the date of possession and the time your first mortgage payment is due you will be required to pay Interest for the number of days left in the month of closing. (assume 5 days)											$200.00
Insurance Cost - You will have to arrange for property insurance prior to the date of possession.The annual rate for a basic policy is approximately											$600.00
Suggested cash on had at time of closing, excluding down payment - a minimum of ...							Total $5,465.00

*These figures are an estimate only. They are subject to change and it is recommended that you consult your lawyer for confirmation of your total costs.