Buyers Closing costs

 When purchasing a home, buyers should be prepared for various closing costs that are required to finalize the transaction. These costs typically include fees for loan processing, appraisal, and inspections, as well as title insurance and recording fees. Additionally, buyers may need to pay for homeowner’s insurance, property taxes, and escrow deposits. It is important to carefully review all closing documents and understand the breakdown of these expenses before completing the purchase. Being mindful of these costs helps ensure a smoother home buying process and allows for more accurate budgeting.

Cash Purchase $150,000.00

Closing Costs

Appraisal Fee $595-$750.00 (Optional if paying cash)

Settlement or closing fee $500.00-$650.00 

Owners Title Policy $825.00

Recording Fees $27.00-$35.00

Home Inspection Fee $300-$500.00 (Optional) 

Realtor Transaction Fee $350-$495.00

Realtor Commission 0-3%

Prepaids 

Property Insurance $1500-$2500

HOA prorations 

Tax Prorations 

Financed Purchase 

Purchase Price $150,000.00

Loan Amount $112,500.00

Loan origination Fee 1-3%

Discount points 1-3%

Underwriting Fee $895-$1595

Third Party Processing Fee $995 

Appraisal Fee $595-$750.00 

Settlement or closing fee $595-$850.00 

Title Search $200.00

Owners Title Policy $825.00

Lender Title Policy $450.00

Title Endorsement $227.50 

Mortgage (Deed of Trust) - Documentary Stamp Tax $393.75

Mortgage (Deed of Trust) - Intangible Tax $225.00

Recording Fees $241.00-$275.00

Home Inspection Fee $300-$450.00 (Optional)

Realtor Transaction Fee $350-$495.00

Realtor Commission 0-3%

Prepaids 

Property Insurance $1500-$2500

HOA prorations 

Tax Prorations 

Monthly Payment 

Principal & Interest 

Property Taxes 

Homeowners Insurance 

Condo association fee 

This is intended to be a guide. Actual fees and figures may vary at 

time of closing. Some fees are based on the loan amount and purchase price.