Buyer's Closing Costs:

These closing costs are typical in Florence, S.C.These quotes are an estimate and not guaranteed as each loan company, insurance agent, and attorneys have different charges. These costs do not include "prepaid items" (see below)

Loan Origination Fee	1% of loan amount
Underwriting	Fee Varies
Flood Certification Fee	$16-$20
Credit Report	$15-$50
Appraisal	$350
Tax Service	Fee Varies
Survey	$265
Home Inspection	$200-$300
Pest Inspection	$165
Attorney Fee	$375-$500
Title Insurance	$3 per $1000 plus $25
Clerk's Copy Fees	$25
Recording Fee's	$10-$25
Courier Fees	$25-50

Once again these are typical fees and closing costs vary according to loan, lending institution and other companies involved.

Pre Paid Items:

These items are those required by the lender to be held in escrow by the lender so when the time comes there is enough money to pay them. They are for your insurance premium-usually 1-year in advance and an additional 1-2 months worth, your taxes, interim interest, and your PMI (private mortgage insurance). These items vary due to the time of year you close and the day of the month you close. Interim interest is the amount you pay of your interest on the house for the remainder of the month. Interest on your loan is typically paid for the month prior to the bill. If you close on April 20th, you would pay the lender interest on 10 days for April-the 20th-30th. Then in May you would make NO payment