Below are the estimated closing costs on the purchase of a property:
Lender Fees
Application: $200-$500
Appraisal: Often included with application
Points: Varies
Attorney’s Fees: $1,500+/-
Title Search: $100-$150
Title Insurance: $325 per $100,000
Recording Fee: $10 (1 page) – $15 (2 pages)
Tax Escrow: Usually 6 months (determined by lender)
Tax Adjustment: Buyer usually reimburses Seller
Interest Adjustments: Varies with closing date
Other Fees
Utilities (oil, gas, electric, water): Varies
Common charges (Condos only): Varies with complex
Association Fees: Varies with Association
Insurance: $1,000+ (varies with property)
Administrative Fee: $195 +/-
