Buyer’s Approximate Closing Costs

1.

Attorney Fee

$   500.00

to

$     700.00

2.

Survey (Condo $150)

$   300.00

to

$   500.00

3.

Title Search/Lender Policy Endorsement

$   250.00

to

$   500.00

4.

Recording Fees

$     60.00

to

$     80.00

5.

Title Insurance

$2 per thousand for first $100,000

$1.5 per thousand for $100,000 to $500,000

  6.

Application Fee

$   300.00

to

$    600.00

  7.

Appraisal

$   275.00

to

$    355.00

  8.

Miscellaneous Mortgage Costs

(Varies, be sure to ask your lender)

$   100.00

to

$    600.00

  9.

PMI (Private Mortgage Insurance)

Often required if mortgage is more than 80% of purchase price

(5% to 10% down 0.78% of loan amount), (10% to 20% down 0.52% of loan amount)

10.

Loan Discount Points

One point equals 1% of the mortgage

11.

Home Inspection

Wood Destroying Insect (Inspection/Certification)

Septic Inspection (if applicable)

Other Inspections

$   200.00

$     75.00

$   300.00

$ _______

to

to

to

to

$    500.00

$    150.00

$    750.00

$  ______

12.

Homeowner’s Insurance  (1 Year prepaid)

      Less $150,000

      $150,000 to $250,000

      $250,000 to $500,000

$   350.00

$   450.00

$   550.00

to

to

to

$    400.00

$    500.00

$    600.00

13.

Flood Insurance (if applicable)       

$   500.00

to

$ 1,000.00

14.

Prepaid Tax Adjustment   

$ _______

to

$ ­­­­­­_______

4%

15-year Mortgage

$7.40   per thousand

30-year Mortgage

$4.77   per thousand

5%

$7.91   per thousand

$5.37   per thousand

6%

7%

8%

$8.44   per thousand

$8.99   per thousand

$9.56   per thousand

$6.00   per thousand

$6.65   per thousand

$7.34   per thousand