What Fees and Costs Can you Expect?
Use the following guide to estimate the costs you may incur in the purchase of your home.
Earnest Money (deposit made with your offer, amount varies) $_______________
Down Payment (purchase price less mortgage amount,
less earnest money deposit) $_______________
Structural Inspection (varies, generally $350-$500) $_______________
Radon Test additional (varies, $75-$150) $_______________
Attorney Fee (varies, $500-$800 check with your attorney) $_______________
Recording Fees (usually around $150) $_______________
Equalization Form (county clerk, usually $75) $_______________
Tax Adjustment (depends on the closing date.
Ask your loan officer to help you estimate. ) $_______________
Homeowners Insurance (most banks will require the first
years premium to be paid prior to closing. Check with your
insurance agent for an estimate) $ ______________
Mortgage Closing Costs (all banks vary with closing costs.
When you visit you loan officer to be pre-qualified, be sure
to ask for a estimate of closing costs): $_______________
*Application Fee *Origination Fee
*Appraisal Fee *Credit Report
*Bank Attorney *Flood Insurance
*Title Insurance *Escrow Account
*PMI Insurance *FHA/VA insurance
Miscellaneous Costs $_________________
Total Estimated Expenses $_________________