CLOSING COSTS

By
Real Estate Agent

EXAMPLE

Purchase Price $200,000

Within 24 Hours: $1000 +  deposit (credited on closing)

Within 7 days    :       $  400 +   home inspection         $    55 + water testing (well)

PAID ON CLOSING

Legal Fees: $  650 + varies from lawyer to lawyer

Deed Transfer Tax: $3000 1.5% of purchase price

Fuel Adjustment: $  850 + (full tank of oil is oil heat) $  400 + (full tank of propane if propane)

Tax Adjustment +/- 6 mos        repayment to vendor for prepaid taxes after closing

Interest Adjustment $  100 + interest on mortgage from closing to first payment

Survey $  400 + if required Mortgage Insurance included in mortgage...% varies with down payment

Hookups:             $200 utilities, phone, internet

Home Insurance  $500

Moving Expenses    ?

 

*all prices are examples only, will vary by professional, and are subject to change*

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