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Buyer Cost Estimates


Building Inspection (including water testing & radon tests) $900-1300
Mortgage Application Fee 0-$300
Points (1 point = 1% of mortgage amount) 0-2½%
Appraisal $200-300
Document Preparation $150-250
Credit Check 0-$75
Bank Attorney (typically not common any longer) 0-$400
Attorney (usually includes title search but make sure) $500-1000
Recording Fees $50-150
Title Search $150-200
Title Insurance (approx. 0.3%-0.35% of purchase price) $1000
Homeowners Insurance (one year prepaid) $400-800
Tax Escrow (3-6 months depending on town) $300-3000
Fuel Adjustment (buyer pays for oil/propane left in tank) 0-$400
Prepaid Interest (depending on closing date) 0-$3000