Real Estate & Moving, Michigan
Mortgage Broker cost in Detroit, MI
This fee does not move much with local prices, so Detroit sits near the national figure of about 1.5% of the loan amount.
Typical cost
Typical in Detroit
1.5%
of the loan amount
- On the low end
- 1%
- On the high end
- 2%
This is a percentage fee, so it does not change with local prices. Not a quote.
What moves the price
- Loan size
- Points
- Credit
- Lender credits
- Loan type
Ways to pay less
- Compare APR not just rate
- Ask about broker vs lender fees
- Get loan estimates
- Avoid discount points unless you will keep the loan
- Check lender credits
Mortgage Broker in similar cities
| Place | Typical | Range |
|---|---|---|
| Detroit, MI | 1.5% | 1% to 2% |
| National typical | 1.5% | 1% to 2% |
| Lansing, MI | 1.5% | 1% to 2% |
| Grand Rapids, MI | 1.5% | 1% to 2% |
| Ann Arbor, MI | 1.5% | 1% to 2% |
| Baton Rouge, LA | 1.5% | 1% to 2% |
| Buffalo, NY | 1.5% | 1% to 2% |
Other Real Estate & Moving costs in Detroit
- Real Estate Agent Commission5.7% of the sale price
- Property Manager10% of the monthly rent
- Home Appraiser$470 per appraisal
- Home Stager$1,540 per project
- Moving Company$1,130 per local move (studio to 3 bedrooms)
- Storage Unit$97 per month
- Packing Service$66 per hour
- Title / Escrow Fees$1,900 per closing (title insurance and settlement fees)
Mortgage Broker in every cityEverything in DetroitAll Real Estate & Moving services
Questions people ask
Mortgage Broker in Detroit: what does it cost?
In Detroit, MI, Mortgage Broker typically costs about 1.5% of the loan amount, with most prices between 1% and 2%.
Why is Detroit the same as the national price?
Percentage fees and fees set largely by state rules do not rise or fall with local rents and wages, so the estimate is not adjusted by city.
Is this a quote?
No. It is an estimate built from national price data and local cost of living. A local pro will price your actual job.