Home Equity Line of Credit Closing Fees

Lines $250,000 or Greater

Your actual rate, payment, and costs could be higher.

• Newtown Savings Bank's origination charge $50.00, which includes the following fee:
  • Annual Fee $50.00
• Required services we select $475.00, which includes the following fee:
  • Appraisal Fee $475.00
• plus government recording charges $100.00

Total Estimated Settlement Charges $625.00

If the property is a condominium, you must also pay a Condo Certification Fee of $250.00. The fee is charged by your Homeowners' Association (HOA) or Management Company to provide information to the Bank. The Bank requires this information to determine the eligibility of the project for mortgage financing purposes.

Other Product Details

• Annual Fee:           $50.00 payable at closing and annually thereafter.
• Minimum Draw:     $500.00

Important Notices

• The information provided above reflects estimates of the charges which you are likely to incur at your loan closing. The fees listed are estimates and the actual charges may be more or less. Your transaction may or may not involve a fee for every item listed. These estimates are provided to you as a courtesy, and none of the terms contained in this document are guaranteed or binding on us. This document does not constitute an offer to extend credit.
• The Annual Fee is a yearly fee charged to cover the expenses related to maintaining the line of credit.
• Minimum Draw:  Checks must be written in a minimum amount of $500.