Home Buyer Closing Costs
The costs shown below are most common. If you have any questions regarding any of the information shown below - please feel free to give me a call or shoot me an email to discuss your curiosity.
Buyer Closing Costs: if financing was obtained: ( These total fees can vary between 2-5% of the loan amount )
o Lender Fees (Origination fees/points (Not the same as discount points), processing, prepaid interest – these will show on your loan estimate and/or terms)
o Mortgage Insurance, this is not the same as Mortgage protection. (If Applicable)
· County & Property Taxes (Pro-rated)
· City Transfer Taxes: These are assessed by some cities and are typically a percentage ranging from ~1%-~2% of the sales price. This fee is usually split but i would refer you to county standards shown ,, here .
· Homeowner’s Insurance.
· Title Insurance : There are two types of policies, the home buyer’s policy and the lender’s policy. Both policies protect either the home buyer or lender from unknown title claims. This fee varies from county to county, please see the link here .
· Escrow Fees : These fees are paid to the title and/or escrow company for miscellaneous services rendered, e.g. opening escrow, document preparation, notary, processing, recording. This fee varies from county to county, please see the link here .
· Appraisal Costs (negotiable with the seller)
· HOA Fees (If Applicable)
· *Here is a great article and tool to aide in whether or not you should buy discount points if you are financing your purchase ,, here - (I am not and do not sponsor any of the companies displayed on the following weblink).
*The information provided on this website does not, and is not intended to, constitute legal or tax advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user, or browser.
Readers of this website should contact their attorney or tax accountant to obtain advice with respect to any particular legal or tax matter. Only your individual attorney or tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.
The views expressed at, or through, this site are those of the individual author's writing in their individual capacity only. All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this posting is provided "as is;" no representations are made that the content is error-free.




