Appraisal and Credit report fees
Mortgage companies will often require an appraisal be performed to insure that they are not investing more money into a property than the market value.
Though not required, whole-house inspections, pest inspections, and radon testing are all encouraged to give piece of mind that the property that you are purchasing is safe, sound and a secure investment.
Mortgage recording tax
This is a New York requirement. It costs $0.75 for each $100 mortgaged. Some counties impose an additional $0.25 to this tax. More information on this can be obtained from the Department of Taxation and Finance.
A title insurance policy is something required by mortgage companies. When buying a property an attorny will suggest completing a title search. This is done by a professional company that tracts the sale of the property back as far as 30 years to insure that the person selling the property does indeed own it. This is not a foolproof determination though and so a title insurance policy is obtained to protect the homeowner and the mortgage company from any possible oversights in the history of the property's title.
New York is an attorney driven state and as such, your attorney will be paid justly for his work performed on your behalf.
This is part of obtaining a mortgage. It is a small fee charged by the bank to cover their costs in loaning you money.
Deeds, like mortgages, have a filing fee charged by New York State. This varies by county.
Mortgage insurance is designed to protect a mortgage lender from being stuck with the loan if the borrower cannot pay it. Most lenders will not require a mortgage insurance policy if more than 20% is put down towards the purchase price of a property.
This is a reserve on money set aside to assure that a year's worth of insurance and property taxes will be paid. If one or the other is not paid, the mortgage lender risks losing their and your entire investments to someone else with no recourse and so, though inconvenient, this is a very important insurance for your property.