Alabama Closing Costs

If you are planning to buy a house in Alabama, you’ve already heard about closing costs a number of times. Closing costs are the sum amount that your mortgage lender incurs when administering the loan to you. In Alabama, some specific items to expect on your closing costs include origination fees, processing fees, appraisal fees, survey fees, mortgage tax and closing attorney fees.

Alabama
Closing Cost Calculator

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Closing Cost Details

Cost Breakdown

Property Location

Home Price

Down Payment / 20%

All information and results provided by this Closing Cost Calculator are estimates only. They will in no way accurately reflect actual closing costs. This calculator is to be used only to establish and estimate of closing costs. There are many unique factors that will affect the actual cost.

Loan Type

VA FHA Other

Loan Amount

$0

Total
Closing Costs

$0

Closing Cost & Fees

$0

Escrow & Other Expenses

$0

Total Due at Closing

$0

Loan Costs

Other Costs

Origination

Points

Appraisal

Credit Report

Flood Certification

Home Inspection

Postage

Survey

Attorney & Closing Fees

Loan Cost Totals

Government Recording Fee

Transfer Tax

Homeowners Insurance

Up Front Mortgage Insurance

Daily Interest

Escrow Homeowners Insurance

Escrow Property Taxes (3 months)

Title Insurance

Other Cost Totals

On average, closing costs in Alabama amount to an average of 2.5% of the total loan amount. But that varies from one lender to another and from one state to another. Alabama, being a high-cost state, you may want to get the help of a mortgage professional that can help you reduce the amount of closing costs as much as possible – like the Moreira Team.

Also, note that the total amount that you will pay largely depends on where your house is located. For instance, the average closing costs around Shelby County add up to $3,466 for a $200,000 mortgage. The same mortgage amount in Jefferson County may have you paying closing costs of $4,189. The main difference in cost is caused by varying costs of origination points and survey.

For a more detailed breakdown of Alabama closing costs for each county, please contact us and we will be sure to provide you more information. We can also help you find the best Alabama mortgage deal.

Talk to us today, and we will help you save some money in the process of getting a new home.