What are my closing costs going to be? How much is a survey? What do I have to pay for?
Every transaction is unique however this is a list of typical cost(s) and responsible party in a transaction. Of course, your Realtor and lender can help you with more accurate estimations as the transaction progresses. Hopefully someone will find this list helpful with estimated cost(s) projections.
Estimated
Cost(s)
Seller pays for: Approximate
amount:
Commission 5-10%
of the purchase price
Deed Preparation $95-150
Revenue Stamps $2
per $1000 of the purchase price
Release of
Sellers Mortgage $35-45
Federal Express $35-40
Home Warranty $400-500
Buyer pays for: Approximate
amount:
Earnest Money typically
1% of offer price
Appraisal $400-500
Credit Report $30
Home Inspection $350-450
(based on square footage)
Origination Fee 1%
of the loan amount (can vary)
Discount Points a % of the amount/type of loan
Attorney Fee $500-600
Termite
Inspection $75-100
HVAC Inspection $85-100
Survey $300-700
(depending on size)
Flood
Certification $12-30
Recording Fee $90-125
Title Insurance $2
per $1000 of the purchase price
HOA Dues Prorated
from date of closing
Federal Express $35-40
Commitment Fee $450
Document
Preparation $75-100
