Side-by-side fee breakdown based on verified closing cost data
272 reports
Avg closing costs
$12,913
Junk fees
27% of reports
| Fee | Pennymac | Guaranteed Rate | Nat. Avg |
|---|---|---|---|
| Courier/Delivery | $41 | $46 | $58 |
| Appraisal | $744 | $852 | $1,065 |
| Rate Lock Fee | $347 | $370 | $347 |
| Recording Fee | $237 | $271 | $340 |
| Flood Certification | $16 | $19 | $23 |
| Processing Fee | $541 | $621 | $777 |
| Origination Fee | $6,840 | $7,873 | $7,829 |
| Tax Service Fee | $89 | $102 | $126 |
| Title Search | $273 | $306 | $388 |
| Underwriting Fee | $1,012 | $1,171 | $1,459 |
| Credit Report | $47 | $55 | $68 |
| Document Preparation | $147 | $158 | $164 |
| Wire Transfer Fee | $48 | $54 | $68 |
| Settlement/Closing Fee | $681 | $773 | $973 |
| Title Insurance | $2,758 | $3,174 | $3,110 |
| Total (median) | $11,023 | $12,913 |
🟢 Green = lowest for this fee · 🔴 Red = highest for this fee
Pennymac has lower overall closing costs, with a median $1,890 less than Guaranteed Rate. The biggest differences are in Origination Fee (Pennymac is lower) and Title Insurance (Pennymac is lower). Pennymac has fewer junk fee reports (16%) compared to Guaranteed Rate. Compare their rate offers alongside these closing cost differences — a lower rate can offset higher fees over time. Upload your Closing Disclosure for a detailed, line-by-line audit.
This summary is generated from aggregate closing cost data. It is informational only and not financial advice.
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