Defino Realtors

Buyers

One of the questions we are confronted with when we meet with potential buyers is “what is our bottom line going to be?” It’s a very fair question because when deciding to buy a home . That is all that truly matters on the financial end of the transaction. Determining the closing costs for a buyer prior to their estimates from their lender is very difficult, because each bank and or lender will charge different fees, and interest rates will vary from loan to loan.

The following are the fees one may expect when purchasing a home ( PLEASE BE AWARE THESE ARE ALL ESTIMATES AND SOME SPECIFIC FEES WILL BE OMITTED INTENTIONALLY)

Title insurance: $1,200.00-$3,000.00 ( THIS IS AN ESTIMATE ONLY FEES MAY VARY)
Government recording fee: $500.00 ( THIS IS AN ESTIMATE ONLY FEES MAY VARY)
Property survey: $700.00 (THIS IS AN ESTIMATE ONLY FEES MAY VARY)
3 months pre paid insurance $600.00 ( THIS IS AN ESTIMATE ONLY FEES MAY VARY)
3 months pre paid taxes **** ( CALCULATE YOUR MONTHLY TAX X3)
Loan origination fee **** (PLEASE REFER TO YOUR LENDER’S CHARGE)
Appraisal fee **** (PLEASE REFER TO YOUR LENDER’S CHARGE)
Credit/tax/flood search **** (PLEASE REFER TO YOUR LENDER’S CHARGE)
Daily interest **** (PLEASE REFER TO YOUR LENDER’S CHARGE)

These fees represent the majority of fees you will pay at closing when purchasing a home. Many of them are generated from your individual lender and cannot be accurately estimated.