Georgia Closing Costs

Closing costs can be a bit confusing for pretty much anybody, whether you are a new homebuyer, an experienced one or a refinancing homeowner. They are basically expenses that come with the mortgage loan processing process. Since mortgage loans are offered by lenders, closing costs are also charged by and paid to lenders. But there are third party fees involved. Lender’s costs include loan origination fees while third party costs are things like appraisal fees, survey fees, title insurance and taxes among others.

Georgia
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

Average closing costs range from 0.5 to 5% of the total loan amount. In Georgia, the average amount is $1,897 for a $200,000 mortgage. That is just less than 1% of the loan amount and slightly more than the national average of $1,847. Note that not all lenders have the same items on their closing costs so you should expect that value to vary wildly from one lender to another.

Daily Georgia Mortgage Rates for 5.8.21

30-Yr. Conventional

2.781%

-0.033

30 Day Range
2.5% - 3.283%

15-Yr. Conventional

2.25%

-0.005

30 Day Range
2.25% - 2.582%

30-Yr. FHA

2.75%

-0.031

30 Day Range
2.5% - 3.318%

30-Yr. VA

2.25%

-0.002

30 Day Range
2.25% - 2.894%

*Calculated from actual locked rates with consumers across more than one-third of all mortgage transactions closed nationwide

Ready to see your rate? Give us a call at 404-238-7888. Not ready right now? Schedule an appointment with a licensed mortgage professional, or submit a Quick Quote.

Also, the location of your house will play a role in determining how much you will pay. Of course appraisers, surveyors and other third parties charge differently for different areas. If you want a more accurate Georgia closing costs estimate, contact Moreira Team and we will give you a breakdown of each item based on your type of loan, property, and location.

It is worth mentioning that in Georgia you don’t necessarily have to pay the closing costs upfront. The lender can roll them into your mortgage loan and offer you a “no-cost” loan. But you still have the option to pay all or part of the costs when making your down payment. Moreira Team can help you get a loan that matches your current financial health. If you can’t raise money for Georgia closing costs we will assist you in getting a no-cost loan. Give us a call today.