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Everett Said:

check out this mortgage good faith estimate of settlement charges?

We Answered:

What amount are your borrowing?

The Underwriting fee and Processing fee is the lenders charge. $1590.

Appraisal fee is a bit high.....should be $350-$450

Notary fee shouldn't be more that $50-$100

Recording fee is charged by the county and is based on the sales price or the loan amount on a refi.

Title insurance seems about right

Your Hazard Insurance seems very high...shop around for various quotes from insurance carriers unless you have either flood or earthquake insurance included.

You shouldn't have to have mortgage insurance if you are getting a conventional loan. FHA loans require MI no matter how much you put down.

Escrows always pad their fees a few hundred dollars to cover any unforseen items, but return the difference at closing.

Sarah Said:

How much would a mortgage payment be on $124,800 home including taxes and insurance? Estimate is fine...?

We Answered:

Assuming the house is worth 130,000, that you pay around 3,000 in taxes, and your loan is 6.5 percent for 30 years, you monthly payments would be: 1217.17 a month.