Closing Costs Guide for Los Angeles, CA
Understand Your Mortgage Closing Costs
Closing Costs Breakdown
Select the loan type to view estimated closing costs for your mortgage in Los Angeles.
Loan Costs
| A. Origination Charges | $1,985 | 1 | |
|---|---|---|---|
| Admin Fee | $495 | 2 | |
| Closing Fee | $195 | 3 | |
| Underwriting Fees | $1,295 | 4 | |
| B. Services You Cannot Shop For | $950 | 5 | |
| Appraisal Fee | $600 | 6 | |
| Credit Report | $150 | 7 | |
| Reinspection Fee | $200 | 8 | |
| C. Services You Can Shop For | $3,391 | 9 | |
| Title - Endorsement Fee | $200 | 10 | |
| Title - Escrow Fee | $1,580 | 11 | |
| Title - Lender's Title Insurance | $1,078 | 12 | |
| Title - Messenger Fee | $40 | 13 | |
| Title - Notary/Signing Fee | $300 | 14 | |
| Title - Overnight/Messenger Fee | $100 | 15 | |
| Title - Recording Service Fee | $30 | 16 | |
| Title - Sub Escrow Fee | $63 | 17 | |
| D. Total Loan Costs (A + B + C) | $6,326 | 18 | |
Other Costs
| E. Taxes and Other Government Fees | $425 | 19 | |
|---|---|---|---|
| Recording Fees and Other Taxes | $425 | 20 | |
| Transfer Taxes | $0 | 21 | |
| F. Prepaids | $4,108 | 22 | |
| Homeowner's Insurance Premium (12 months) | $2,400 | 23 | |
| Prepaid Interest ($113.85 per day for 15 days @7.375%) | $1,708 | 24 | |
| G. Initial Escrow Payment at Closing | $3,647 | 25 | |
| Homeowner's Insurance ($200.00 per month for 3 mo.) | $600 | 26 | |
| Property Taxes ($609.38 per month for 5 mo.) | $3,047 | 27 | |
| H. Other | $285 | 28 | |
| County Taxes Proration | $285 | 29 | |
| I. Total Other Costs (E + F + G + H) | $8,465 | 30 | |
| J. Total Closing Costs (D + I) | $14,791 | 31 | |
Calculating Cash to Close
| Total Closing Costs (J) | $14,791 | 32 |
|---|---|---|
| Closing Costs Financed | $0 | 33 |
| Down Payment/Funds from Borrower | $29,250 | 34 |
| Deposit | $0 | 35 |
| Funds for Borrower | $0 | 36 |
| Seller Credits | $0 | 37 |
| Adjustments and Other Credits | $0 | 38 |
| Estimated Cash to Close | $44,041 | 39 |
Loan Costs
| A. Origination Charges | $1,500 | 40 | |
|---|---|---|---|
| Admin Fee | $400 | 41 | |
| Underwriting Fees | $1,100 | 42 | |
| B. Services You Cannot Shop For | $800 | 43 | |
| Appraisal Fee | $550 | 44 | |
| Credit Report | $150 | 45 | |
| Flood Certification | $100 | 46 | |
| C. Services You Can Shop For | $3,758 | 47 | |
| Title - Escrow Fee | $1,500 | 48 | |
| Title - Lender's Title Insurance | $1,900 | 49 | |
| Title - Notary/Signing Fee | $250 | 50 | |
| Title - Recording Service Fee | $108 | 51 | |
| D. Total Loan Costs (A + B + C) | $6,058 | 52 | |
Other Costs
| E. Taxes and Other Government Fees | $300 | 53 | |
|---|---|---|---|
| Recording Fees and Other Taxes | $300 | 54 | |
| F. Prepaids | $2,500 | 55 | |
| Homeowner's Insurance Premium (12 months) | $1,800 | 56 | |
| Prepaid Interest ($80.00 per day for 10 days @6.5%) | $800 | 57 | |
| G. Initial Escrow Payment at Closing | $2,400 | 58 | |
| Homeowner's Insurance ($150.00 per month for 3 mo.) | $450 | 59 | |
| Property Taxes ($390.00 per month for 5 mo.) | $1,950 | 60 | |
| H. Other | $0 | 61 | |
| I. Total Other Costs (E + F + G + H) | $5,200 | 62 | |
| J. Total Closing Costs (D + I) | $11,258 | 63 | |
Calculating Cash to Close
| Total Closing Costs (J) | $11,258 | 64 |
|---|---|---|
| Closing Costs Financed | $0 | 65 |
| Funds from Borrower | $11,258 | 66 |
| Funds for Borrower | $0 | 67 |
| Adjustments and Other Credits | $0 | 68 |
| Estimated Cash to Close | $11,258 | 69 |
Important Note: The figures shown in the tables above are for demonstration purposes only and do not represent actual costs for your loan. Closing costs vary based on factors such as purchase price, loan amount, property location, and other individual circumstances. To obtain an accurate Loan Estimate tailored to your situation, please contact a licensed loan officer.
Explanation of Fees
1. Origination Charges: Fees for processing the purchase loan, including administrative and underwriting costs.
2. Admin Fee: Cost for administrative tasks related to purchase loan processing.
3. Closing Fee: Fee for finalizing the purchase loan at closing.
4. Underwriting Fees: Cost for evaluating the borrower's creditworthiness for the purchase loan.
5. Services You Cannot Shop For: Fees for services required by the lender for the purchase loan, like appraisals.
6. Appraisal Fee: Cost to assess the property’s market value for the purchase loan.
7. Credit Report: Fee for obtaining the borrower’s credit history for the purchase loan.
8. Reinspection Fee: Cost for additional property inspections for the purchase loan, if needed.
9. Services You Can Shop For: Fees for purchase loan services like title insurance where borrowers can choose providers.
10. Title - Endorsement Fee: Cost for additional title insurance endorsements for the purchase loan.
11. Title - Escrow Fee: Fee for escrow services to manage funds during purchase loan closing.
12. Title - Lender's Title Insurance: Insurance to protect the lender against title issues for the purchase loan.
13. Title - Messenger Fee: Cost for document delivery services for the purchase loan.
14. Title - Notary/Signing Fee: Fee for notarizing purchase loan documents.
15. Title - Overnight/Messenger Fee: Cost for expedited document delivery for the purchase loan.
16. Title - Recording Service Fee: Fee to record the purchase mortgage with the county.
17. Title - Sub Escrow Fee: Cost for additional escrow-related services for the purchase loan.
18. Total Loan Costs: Sum of origination charges and services for the purchase loan (A + B + C).
19. Taxes and Other Government Fees: Fees for government services for the purchase loan, like recording the mortgage.
20. Recording Fees and Other Taxes: Costs to record the deed and mortgage for the purchase loan.
21. Transfer Taxes: Taxes on the property transfer for the purchase loan (may be $0).
22. Prepaids: Upfront payments for insurance, taxes, and interest for the purchase loan.
23. Homeowner's Insurance Premium: Annual cost for property insurance for the purchase loan.
24. Prepaid Interest: Interest paid from closing to the first payment date for the purchase loan.
25. Initial Escrow Payment at Closing: Funds to set up an escrow account for the purchase loan.
26. Homeowner's Insurance (Escrow): Initial escrow deposit for insurance for the purchase loan.
27. Property Taxes (Escrow): Initial escrow deposit for property taxes for the purchase loan.
28. Other: Miscellaneous costs for the purchase loan, like tax prorations.
29. County Taxes Proration: Adjusted taxes owed at closing for the purchase loan.
30. Total Other Costs: Sum of taxes, prepaids, escrow, and other costs for the purchase loan (E + F + G + H).
31. Total Closing Costs: Sum of loan costs and other costs for the purchase loan (D + I).
32. Total Closing Costs (J): Total costs repeated for clarity for the purchase loan.
33. Closing Costs Financed: Portion of closing costs paid through the purchase loan.
34. Down Payment/Funds from Borrower: Amount the borrower must pay upfront for the purchase loan.
35. Deposit: Initial deposit paid toward the purchase.
36. Funds for Borrower: Any funds returned to the borrower at closing for the purchase loan.
37. Seller Credits: Contributions from the seller to reduce purchase loan costs.
38. Adjustments and Other Credits: Other financial adjustments at closing for the purchase loan.
39. Estimated Cash to Close: Total cash needed to close the purchase loan, including down payment and costs.
40. Origination Charges: Fees for processing the refinance loan, including administrative and underwriting costs.
41. Admin Fee: Cost for administrative tasks related to refinance loan processing.
42. Underwriting Fees: Cost for evaluating the borrower's creditworthiness for the refinance loan.
43. Services You Cannot Shop For: Fees for services required by the lender for the refinance loan, like appraisals.
44. Appraisal Fee: Cost to assess the property’s market value for the refinance loan.
45. Credit Report: Fee for obtaining the borrower’s credit history for the refinance loan.
46. Flood Certification: Fee to verify if the property is in a flood zone for the refinance loan.
47. Services You Can Shop For: Fees for refinance loan services like title insurance where borrowers can choose providers.
48. Title - Escrow Fee: Fee for escrow services to manage funds during refinance loan closing.
49. Title - Lender's Title Insurance: Insurance to protect the lender against title issues for the refinance loan.
50. Title - Notary/Signing Fee: Fee for notarizing refinance loan documents.
51. Title - Recording Service Fee: Fee to record the refinance mortgage with the county.
52. Total Loan Costs: Sum of origination charges and services for the refinance loan (A + B + C).
53. Taxes and Other Government Fees: Fees for government services for the refinance loan, like recording the mortgage.
54. Recording Fees and Other Taxes: Costs to record the mortgage for the refinance loan.
55. Prepaids: Upfront payments for insurance, taxes, and interest for the refinance loan.
56. Homeowner's Insurance Premium: Annual cost for property insurance for the refinance loan.
57. Prepaid Interest: Interest paid from closing to the first payment date for the refinance loan.
58. Initial Escrow Payment at Closing: Funds to set up an escrow account for the refinance loan.
59. Homeowner's Insurance (Escrow): Initial escrow deposit for insurance for the refinance loan.
60. Property Taxes (Escrow): Initial escrow deposit for property taxes for the refinance loan.
61. Other: Miscellaneous costs for the refinance loan.
62. Total Other Costs: Sum of taxes, prepaids, escrow, and other costs for the refinance loan (E + F + G + H).
63. Total Closing Costs: Sum of loan costs and other costs for the refinance loan (D + I).
64. Total Closing Costs (J): Total costs repeated for clarity for the refinance loan.
65. Closing Costs Financed: Portion of closing costs paid through the refinance loan.
66. Funds from Borrower: Amount the borrower must pay upfront for the refinance loan.
67. Funds for Borrower: Any funds returned to the borrower at closing for the refinance loan.
68. Adjustments and Other Credits: Other financial adjustments at closing for the refinance loan.
69. Estimated Cash to Close: Total cash needed to close the refinance loan.
Need Help?
Contact a local mortgage expert in Los Angeles for assistance with understanding closing costs.
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453 S. Spring Street, Suite 400,
Los Angeles, California 90013
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Mortgage Disclaimer
Important Disclosure for 100% Financing Options
This website provides general information only, not a loan commitment. 100% financing options (VA, FHA with DPA, USDA, CalHFA) are subject to credit approval, appraisal, and program guidelines. Terms/rates may change.
- VA Loans: For eligible veterans/service members. No down payment. Min. credit ~620. VA funding fee applies.
- FHA with DPA: 3.5% down, 100% financing with DPA. Min. credit 600. PMI required. DTI ~56.9%. Income limits may apply.
- USDA Loans: Rural areas. No down payment. Min. credit ~640. Income ≤115% AMI. DTI ~29/41%.
- CalHFA: DPA for first-time buyers. Min. credit ~660. Income limits by county. DTI ~45%.
Eligibility varies by credit, income, and program rules. Consult a professional for details. Not affiliated with VA, FHA, USDA, or CalHFA.
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