BUYER EXPENSES
TYPICAL COST
HOME INSPECTION FEE
$350+/Visit
APPRAISAL
$250 - $500
CREDIT REPORT
$30 - $75 per borrower
LOAN ORIGINATION FEE
$750 - $1,250
PROCESSING FEE
$150
TAX SERVICE FEE
$75-$100
ATTORNEY FEE
$600 - $1,000+
ESCROW/SETTLEMENT FEE
$1,275 - $2,000*
BUYER’S TITLE CHARGES
$1,300 - $1,800
RECORDING FEE
$75 - $250
MUNICIPAL TRANSFER TAX
VARIES
HOMEOWNER’S INSURANCE
$300 - $400**
INTEREST PER DAY
Loan amount x rate/365
INITIAL ESCROW (FOR PROPERTY TAXES)
1-9 months*** (if applicable)
INITIAL ESCROW (FOR HOMEOWNER’S INSURANCE)
1-3 months (if applicable)
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. *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.
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