Sellers Estimated Closing Costs

Bring Abstract Up-to-Date   $200.00 - $250.00
State Documentary Stamps on Deed  $.70 per $100.00 of sales price
Recording of any Satisfactions      $6.60 1st page, $4.50 each additional page
Prorated Share of  Taxes Year of Closing from January 1st to Day of Closing (taxes are paid in arrears)
Marketing Fee from Real Estate Company    Ask your agent what their company charges
Real Estate Processing and Handling Fee  Ask your agent what their company charges
Attorney's Fees    Varies Greatly Depending on Scope of Legal Advice
 

 

Buyers Estimated Closing Costs

Most costs for the buyer are associated with obtaining a loan. If you’re paying cash, your closing costs will be minimal.  Always ask your loan officer or mortgage broker for a Good Faith Estimate up front. This will give you all of the costs associated with your loan.  It pays to shop around, fees can vary greatly from lender to lender.            

Appraisal * $200.00 - $300.00
Survey *     $250.00 - $350.00
Owner's Title Insurance Up to the first $100,000 - $5.75 per $1,000 

After $100,000 - $5.00 per $1,000
Lender's Title Insurance *  Same as above
Inspections *  $95.00 - $395.00 (depending upon type of property and scope of inspection)
Origination * Fees/Points Varies with each lender - could be 0 to 6% of loan amount   
State Intangible Tax on Mortgage $.002 (or 2 mills) on the total amount of any new mortgages   
State Documentary Stamp Tax on Mortgage Note      $0.35 for each $100.00 of any new mortgage   
Attorney's Fees*    $450.00 - $600.00  Varies greatly depending upon scope of legal advice   
Miscellaneous Fees  Approximately $50.00 - $300.00

    * = required by lenders                         

INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED