Mortgage Costs

Understand closing costs, PMI, points, and other fees.

Fees and prepaid items paid to finalize a mortgage. Learn what's included and how to review them.

Escrow holds funds for property taxes and insurance. Learn how mortgage escrow accounts work.

Private Mortgage Insurance for conventional loans with less than 20% down.

Overview of mortgage insurance: PMI, FHA MIP, and how it protects lenders when you put down less than 20%.

Upfront charges that can lower your rate. Learn how points affect APR and closing costs.

Discount points lower your rate; origination fees cover processing. Learn the difference.

A charge for processing your mortgage. Learn what it covers and how it appears on the Loan Estimate.