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.
The costs include an average of $1,982 for lenderâs origination fees and $666 for the average third-party fees. Nationwide, closing costs rose 6 percent over the past year, averaging $2,539 on a $200,000 loan. In addition, origination fees increased 9 percent to $1,877 and third-party fees rose 1 percent to $662.