CLOSING COSTS FOR BUYERS
Estimated Costs on the Purchase of a Property
Lender Fees
- Application
$200-$500 - Appraisal
(often included in application) - Points
varies - Attorney’s Fees
$2000 +/- - Title Search
$380 - Title Insurance
$325 per $100,000 - Recording Fee
$60 (1page) ~ $5 (each additional page) - Tax Escrow (usually 6 months)
determined by lender - Tax Adjustment
buyer usually reimburses seller - Interest Adjustments
varies with closing date
Other Adjustments
- Utilities (Oil, Electric, Gas & Water)
varies - Common Charges (Condo only)
varies with complex - Association Fees
varies with association - Insurance
$1000 + depending on the property - Administrative Fee
$295 +/-
