Question about Closing on a Home (settlement, title insurance, seller, fees)

[JD318]

I finally got cleared to close on my loan!!

I am now scheduled to close on June 18th. I am currently awaiting a HUD Settlement Statement... which I have a general idea on what it will contain already. I received the GFE and TIL from the mortgage comany already - so I assume that the HUD form will match this pretty closely. (Hopefully its less - as I recall the lender title insurance was very high)

Can anyone inform me what else I can expect to have to pay for at the closing? People have mentioned paying the seller for oil, previously paid property tax, ect.

What else should I expect?? Just trying to stay ahead of the curve and ensure I actually have enough money when I go to close!!

[dad2jules]

If you used the service providers(attorney and title company) that the mortgage company recommended the legal maximum that these fees can rise is 10% from what was quoted on GFE. If you used your own then the mortagge company had no idea what they would charge when disclosing fees on the GFE so it can be anything.

The lender fees will not go up 1 dime from what was on your GFE- it is the 3rd party fees that may vary along with your interim ineterst and escrow account deposit for taxes and insurance.