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Brentwood, TN Closing Costs
Closing Costs in Brentwood, TNClosing costs are the various expenses you pay upon the completion of a real estate transaction. Home buyers, especially those purchasing their first home should have a clear idea on what charges to expect aside from the actual price of the property. An excellent realtor can help explain the fees involved when closing a deal and can find ways for you to save money.
The average closing cost of a property is usually 2% to 5% of the property's sale price. Given the median home price of $656,800 in Brentwood, you should expect that your closing cost when buying a home would be in between $13,136 and $32,840. There are also federal, state, and county transfer taxes that are about 0.37% of the home's value. Private mortgage insurance would also be necessary for buyers not paying a 20% downpayment, which costs between 0.5% and 1% of the total loan annually.
 
Check out our original blog post at https://www.brentwoodtnhome.com/ for more information.
 
Home Buyers Closing Costs
Credit Report Fee Underwriting Fee Loan Origination Fee Specialty Loan Fees Discount Points Appraisal Fee Survey and Home Inspection Fees Transfer Tax Recording Fee Title Insurance Escrow Fee Real Estate Agent Commission Home Sellers Closing Costs
Broker’s Commission Transfer Taxes Recording ... more

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