Buyer's Approximate Closing Costs
Legal and Title Costs
1) Attorney Fee $750 - $1,100
2) Survey (Condo $150 to $250) $450 - $800
3) Recording Fees with Mortgage and Deed $200 - $300
4) Title Searches/Title Policy Endorsements $250 - $500
5) Title Insurance Premium - Calculate Title Costs
Mortgage Costs
6) Application Fee - (Includes credit report & appraisal $300-$600
7) Appraisal $ 300 - $500
8) Miscellaneous Mortgage Costs $100 - $600
9) PMI (Private Mortgage Insurance)-often required if mortgage is more than 80% of purchase price
10) Points - Fee paid to lender to "buy-down" interest rate on mortgage. One point on $100,000 mortgage equals $1,000.
Inspection Costs
11) Home inspection $300 - $650
Radon Inspection $60 - $300
Wood Destroying Insect Inspection/Certification $60- $150
Septic Inspection (if applicable) $450 - $750
Oil Tank Inspection (if applicable) $250 - 350
12) Homeowner's Insurance - 1 year premium $400 - $900
13) Flood Insurance (if applicable) $750 - $2,000
14) Prepaid Tax Adjustment $____ - $_______
15) Mansion Tax when Zoned for Residential Use - 1% of Consideration when Sales Price is Over $1,000,000