CLOSING COST. How much would you have to pay at closing if you took out a mortgage loan for $460,000 and did not put a down payment of 20%, but instead put down 10%...which means that you will need to pay an origination fee of 1% and PMI of 1.0% on the total loan amount. Other fees include $350 loan application fee and $400 appraisal fee, $500 for title search and insurance, $600 attorney fee. (How much will you need at closing including the down payment?)