refinancing fees? PMI?

So i've started shopping around with different lenders and it's getting to be a bit much.

Can someone explain the fees to me? this is the list of fees i got from one bank which seems a bit much!

loan origination fee $5,355
Appraisal fee 460
Credit report 30
state tax 4,253
Flood Life of loan 5
Flood determination fee 11
TSI Appraisal services 80
settlement or closing fee 525
Title Insurance 2,125
Environmental Protection Lien 25
alta 9 restrictions, minerals, encroachments 223
tax certification fee 18
recording fee mortgage 165
express mail/courier fee 45


Also with one lender they require PMI and another doesn't. How come?

TIA! This is just very overwhelming.

refinancing fees? PMI?

Some lenders build the PMI into the rate. So for instance you can get 3% with PMI and 3.5% without it.
I see here that you have a hefty origination charge... that to me seems crazy high. I wouldnt pay more than 500-1000 for this.
what they collect for taxes, insurance, etc is put into escrow. When they buy out your original loan you will get the balance of your former escrow account refunded to you.
Also, a months mortgage payment is usually included in the closing costs.
So for us, when we saw 10k in closing costs, it was actually a little under 5k with the mortgage payment and the escrow we got back.

Message edited 2/21/2013 9:51:15 AM.

Re: refinancing fees? PMI?

we ended up going with P*ower*house Solutions in great neck and they were super helpful with finding the right bank for us and explaining all the fees so that we were confident that we were making the best choice.