Buyers Estimated Closing Costs
Closing costs can vary depending on a number of factors such as purchase price, loan amount, closing fees paid by the seller, charges by the lender, etc.
For simplicity purposes the example below is assuming a purchase price of $200,000 with a $150,000 mortgage. For a more thorough breakdown and actual costs please contact your lender.
Lender Origination Fee | |
1% of Loan Amount |
$1,500 |
Tax Related Service Fee | |
Approximately $150 |
$150 |
Appraisal | |
Approximately $400 |
$400 |
Survey |
|
Approximately $350 |
$350 |
Flood Certification |
|
Approximately $50 |
$50 |
Pest Inspection |
|
Approximately $100 |
$100 |
Homeowners Insurance |
|
1.5% of Purchase Price + an additional 3 months |
$3,750 |
Closing Fee |
|
Approximately $250 |
$250 |
Lenders Title Insurance |
|
Approximately $500 |
$500 |
State Doc Stamp Tax on Mortgage |
|
Based on Mortgage Amount ($0.35 per $100) |
$525 |
Intangible Tax on Mortgage |
|
Based on Mortgage Amount ($2.00 per $1,000) |
$300 |
Recording Fees |
|
Approximately $150 |
$150 |
Property Taxes |
|
Current year's real estate taxes are prorated at closing |
? |
Total |
$8,025 |
This is just an estimate some fees will be higher or lower |
