Common Closing Costs

The following list is a general itemization of the costs associated with a real estate purchase.  Every transaction has its own peculiarities, and I provide clients with an approximation of what to expect with their particular property purchase.

1. Down Payment (less Earnest Money Deposit)

2. Flood Certification

3. Tax Servicing Fee

4. Title Company Closing Fee

5. Title Endorsements

6. Recording Fees

7. Owner’s Title Policy

8. Notary Fees

9. Survey (if needed)

10. Inspection Fees – Structure, Well, Septic, etc.

11. Home Owners Insurance Premium

12. HOA Quarterly Reserve and Dues Proration (if in HOA)

13. Federal Express (if needed)

14. Attorney Fees (if needed)

If financed, add…

15. Title Company Loan Closing Fee

16. Mortgage Insurance Escrow

17. Home Owners Insurance Escrow

18. Loan Origination Fee and Points

19. Appraisal Fee

20. Credit Report

21. Property Taxes Escrow

22. Mortgage Title Policy

23. Mortgage Interest Adjustment

* Other - Misc. Fees