Side-by-side fee breakdown based on verified closing cost data
266 reports
Avg closing costs
$12,235
Junk fees
28% of reports
| Fee | Wells Fargo | Pennymac | Nat. Avg |
|---|---|---|---|
| Courier/Delivery | $45 | $41 | $58 |
| Appraisal | $819 | $744 | $1,065 |
| Rate Lock Fee | $345 | $347 | $347 |
| Recording Fee | $260 | $237 | $340 |
| Flood Certification | $18 | $16 | $23 |
| Processing Fee | $592 | $541 | $777 |
| Origination Fee | $7,488 | $6,840 | $7,829 |
| Tax Service Fee | $97 | $89 | $126 |
| Title Search | $297 | $273 | $388 |
| Underwriting Fee | $1,126 | $1,012 | $1,459 |
| Credit Report | $52 | $47 | $68 |
| Document Preparation | $162 | $147 | $164 |
| Wire Transfer Fee | $52 | $48 | $68 |
| Settlement/Closing Fee | $746 | $681 | $973 |
| Title Insurance | $2,997 | $2,758 | $3,110 |
| Total (median) | $12,235 | $11,023 |
🟢 Green = lowest for this fee · 🔴 Red = highest for this fee
Pennymac has lower overall closing costs, with a median $1,212 less than Wells Fargo Home Mortgage. 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 Wells Fargo Home Mortgage. 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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