The Fisher Group
Coldwell Banker Realty

  BuyerClosingCosts

 

 

Legal and Title Costs


Attorney Fee $900 to $1,500
Survey (Condo $150 to $250) $450 to $1,200
Recording Fees with Mortgage & Deed $300 to $500
Title Searches/Title Policy Endorsements $250 to $500
Settlement Fees $450 to $750
Title Insurance Premium See schedule–NJ Rates for Title



Mortgage Costs


Application Fee $600 to $900
Appraisal $450to $650
($730 up to $1 Million, $1,800 for over $1 Million due to needing two appraisals)
Miscellaneous Mortgage Costs $100 to $600
(Varies, be sure to ask your lender)
PMI (Private Mortgage Insurance) Often required if mortgage is more than 80% of purchase price
Points $ _____ to $ _____
Fee paid to lender to “buy-down” interest rate on mortgage
One point equals 1% of the mortgage (1 point on a $100,000 mortgage equals $1,000)

 


Inspection Costs


Home Inspection $400 to $650
Radon Inspection $60 to $300
Wood-Destroying Insect
Inspection/Certification $60 to $150
Septic Inspection (if applicable) $500 to $2,000
Oil Tank Inspection (if applicable) $395 to $500
Other Inspections $ _____ to $ _____

 

Other Costs


Homeowner’s Insurance $500 to $2,400
One-Year Prepaid Premium
Coldwell Banker® Home Protection Plan $425 to $900
Flood Insurance (if applicable) $750 to $2,000
Prepaid Tax Adjustment $ _____ to $ _____
Mansion Tax on Residential Properties 1% of Consideration when Sales Price is more than $1 Million