Buyer Info

Buyer's Closing Costs

  1. Bank Attorney Fee:  For title search, drawing papers, et cetera - $650 - $1,000
  2. Recording:  Recording deed - $125; recording mortgage - $175
  3. Certificate of Liens/Recording:  Fee for Certificate - $25 - $65; recording of certificate - $65
  4. Survey and Plot Plan:  Fees will vary.
  5. Bank Charge:  Security Committee, Credit Report, et cetera - $300 - $500.
  6. Title Insurance:  $2.50 per $1,000 based on mortgage amount.  (Does not include the owner's policy).
  7. Tax Escrow Account:  Usually 2-3 months taxes.
  8. VA Loan:  1% for Funding Fee.
  9. FHA Loan:  A one time, up-front mortgage insurance payment (MIP) - .038% of mortgage.
  10. Interset of Mortgage:  Some banks charge interest in advance to the first of the following month, and payments are due on the first of each month.
  11. Points:  If applicable.
  12. Private Mortgage Insurance (PMI):  If applicable.
  13. Hazard Insurance:  Some banks require one year prepaid insurance policy with receipted bill.

[PDF] Buyer's Closing Costs (637 KB)

Buyer's Closing Checklist

Click on the link below to view a checklist of what to look out for when closing a sale.

[PDF] Buyer's Closing Checklist (810 KB)