| Costs where given are approximate. Subject to errors, omissions and price change without prior notice. The following costs are all estimated ranges and will vary for each house. My2Agents.com is not responsible for the accuracy of these numbers. |
| Attorney’s fees |
$800-$1,200 |
| Title Search |
$150-$250 |
| Title Insurance |
$3.75 per $1000 of sale price |
Survey
depending on lot size |
$350-$550 |
| Recording of Deed & Mortgage |
$75-$125 |
1 Year Homeowner’s Policy
depending on purchase price |
$400-$800 |
| Flood Search |
$35-$50 |
Flood Insurance
depending of value and location |
$350-$550 |
Adjustments
fuel, water, sewer, tax, interest, special assesments |
| Home Inspection |
$250-$400 |
| Termite Inspection |
$50-$100 |
| Radon Inspection |
$120-$200 |
Other Inspections
Some homes may need oil tank, septic system or well water inspections. |
|
| Mansion Tax |
1% on any home over $1,000,000 |
The following fees are normally required by lending institutions, be sure to check for exact fees and requirements: |
Mortgage Points
A point is 1% of mortgage amount |
Average 3pts |
| Attorney Review Fee |
$100-$300 |
| Application Fee |
$250-$500 |
Interest per day
from day of closing until end of month |
(Loan amount) * (interest rate)
365 |
Real Estate Property Tax in Escrow
depending on closing date |
1-4 months |
Private Mortgage Insurance (PMI)
required with less than 20% down payment |
|
|
Updated August 15th, 2007 |
