Universal Solvent Definition. A universal solvent is a substance that dissolves most chemicals. Water is called the universal solvent because it dissolves more substances than any other solvent. However, no solvent, including water, dissolves every chemical. Typically, like dissolves like..
Average closing costs on a mortgage loan is between 2%-5%. On a home with a purchase price of $200,000 the typical costs will be between $3,000-$5,000. These costs will vary depending on the lender you use. Closing costs are made up of several different fees charged by your lender. These fees include credit report, loan origination fee, survey, etc.
Much depends on the points and origination fees a lender charges to make the loan, which are disclosed on the buyer's Good Faith Estimate, which is now called a loan estimate. The total closing costs to purchase a $300,000 home could cost anywhere from approximately $3,000 to $12,000 or more.