The Costs Associated With Purchasing

Loan Fees
. Application fee- $200-$400 *
. Origination fee - 0%-1.5% of amount borrowed escrows (taxes, insurance) - 2-8 mos. taxes + $500-$1000 insurance
. Misc. fees- $0+
. Down payment – 0% +
Loan charges vary greatly. Ask your lender for a “Truth in Lending Statement” which will specify your loan charges.

Inspections and Option Fee
. Home- $250-$500 *
. Pest- $55-$85 *
. Misc. Inspections (e.g. water, septic, structural) as warranted *
. Option Fee (if desired)- $500-$1500 *

Attorney
. Fees- $450-$550
. Miscellaneous (shipping, recording, POA)- $100-$200

Insurance
. Hazard- $500-$1000 (annual)
. Title- $150-$400 (one time)
. Flood- $300-$600 (annual)

These costs are estimates only. They are based on recent charges by area attorneys, lenders and inspectors and will be subject to change. Not all of the above charges will necessarily be relevant to your buying experience.

* These fees may be due at the time of service. All others are due at closing.