What fees are associated with cashback mortgages?

Cashback mortgage fees are lumped into fees for the base amount borrowed on a mortgage. This includes closing costs, down payment fees and interest on the loan. In some scenarios, when a borrower needs extra cash at the time of purchase, it is cheaper to take a cash back mortgage than to take a mortgage and a subsequent home equity loan. By paying the fees only one time on the mortgage, the borrower can save money in the short term. If the mortgage interest rate is lower than comparable home equity loan rates, the borrower will also save money in the long term.