UNDERSTANDING YOUR NUMBERS AS A SELLER
UNDERSTANDING YOUR NUMBERS AS A BUYER
SELLER EXPENSES
TYPICAL COST
BUYER EXPENSES
TYPICAL COST
COMMISSION
LOAN ORIGINATION FEE
6% of purchase price
$1,000 - $2,000
PROPERTY TAXES
PROCESSING FEE
$1200 - $1500
$400 - $600
OWNER’S TITLE INSURANCE
CREDIT REPORT
$1,400 - $3,500
$25 - $50
ESCROW FEES
APPRAISAL
$600 - $800
$400 - $600
HOA TRANSFER FEES
HOME INSPECTION
$200 - $400
$400 - $500
HOME WARRANTY
ESCROW FEES
$400 - $600 (If applicable)
$500 - $800
MORTGAGE PAYOFF
TITLE INSURANCE
VARIABLE
$1,600 - $2,500
LOAN RECONVEYANCE FEE
HOMEOWNERS INSURANCE
$50 - $65 (If applicable)
$200 - $300
RECONVEYANCE RECORDING FEE
PREPAID TAXES AND INSURANCE
$30 - $40 (If applicable)
$800 - $1,500
The figures above are intended to give you a general idea of costs and could be less or more than the amounts stated. Actual costs vary per lender, loan amount, property type and other factors. *If cash transaction, shared equally between buyer and seller. **Premium listed represents coverage for a condo. Premiums for a single family home range between $1,300 - $2,000, depending on coverage selection. ***Partially offset by property tax credit from seller.
The figures above are intended to give you a general idea of costs and could be less or more then the amounts stated. Actual costs vary per lender, loan amount, property type and other factors. *Title insurance premiums vary depending on the size of the sales price. **Not applicable for condo sales. ***If applicable, usually condos only.
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