Back

What are the closing costs of the mortgage loan?

There are four basic categories of charges during the closing of the mortgage loan:

Charges related to the transfer of the deed:
  • Title Insurance
  • Legal Fees

Fees (Government Recording and Transfer Charges):

  • Fees paid by the borrower or by the seller, depending on specified terms and conditions.

Charges related to the cost of the loan:

  • Origination Fees
  • Discount Points
  • Loan Insurance Premium
  • Homeowner¹s Insurance Premium
  • Property Taxes Escrow Account, if applicable

Other expenses:

  • Property Appraisal
  • Credit Report
  • Title Search
  • Flood Zone Determination

Need more help?

We are receiving an extraordinary volume of calls, which is affecting our waiting times. We appreciate your understanding and your trust in us.

Call us at 787.724.3659 or Access Mi Banco Online (desktop version), log in by entering your username and password, and in the upper part of the website click on “Contact Us”. From there, write your message, and we will gladly assist you.

We encourage you to consult the following information regarding useful and accessible solutions for you.



FDIC Member. Products and services offered by Banco Popular de Puerto Rico.

1Withdrawals are subject to the availability of funds in your account.

2Deposits are subject to the provisions of the Bank’s Funds Availability Policy. Easy Deposit Mobile is a free service and only for Banco Popular customers with individual deposit accounts and/or commercial accounts (FlexiCuenta de Negocios® & B-Smart®). Customers selected in accordance with the Bank’s eligibility criteria. Checks deposited before 6:00 p.m. of a business day will be processed the same business day, subject to verification and deposit validation. In the back of the check to be deposited, enter your signature, account number and the phrase “For Deposit Only at BPPR.”