Buyer’s Closing Cost
| Category | Single Family/2-4 Family | Condo/Townhouse |
| Attorney Fee | $1,000 ~$1,500 | $1,200 ~$1,500 |
| Inspection | $450~$800 (Home, Termite, Radon) $250~$400 (Oil Sweep) $250~$350 (Sewer Inspection) |
$250~$400 (Home) |
| Appraisal | $400~$800 | $400~$800 |
| Recording | About $120 for New Owner About $250 for Mortgage |
About $120 for New Owner About $250 for Mortgage |
| Survey | $700~$1,000 (When requested by lender ) | N/A |
| Condo Fees | N/A | Capital Contribution 2 to 4 Month of HOA fee Move in Fee $300~$600 |
| Title Search | $800~$1,600 | $800~$1,600 |
| Title Insurance | • $200,000: About $950 • $800,000: About $3,050 • $300,000: About $1,375 • $900,000: About $3,325 • $400,000: About $1,800 • $1,000,000: About $3,600 • $500,000: About $2,225 • $2,000,000: About $6,350 • $600,000: About $2,500 • $3,000,000: About $8,350 • $700,000: About $2,775 • $5,000,000: About $12,350 |
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| Mortgage Fees | Inquire with your lender(Origination Fee, Underwriter Fee, PMI, etc.) | Inquire with your lender (Origination Fee, Underwriter Fee, PMI, etc.) |
| Property Tax | About 6 Months •Pro-rate current quarter, •Prepay next quarter, •2-3 month in mortgage escrow |
About 6 Months •Pro-rate current quarter, •Prepay next quarter, •2-3 month in mortgage escrow |
| Home Insurance | Home Insurance | Master Insurance, Condo Insurance |
| Other Fees | Fedex, POA, Wire Transfer Fee, etc. | Fedex, POA, Wire Transfer Fee, etc. |
Seller’s Closing Cost
| Category | Description | |
| Attorney Fee | $1,000~$1,500 | |
| Broker Fee | 4%~6% | |
| Title Related Fee | 100~$300 | |
| CCO Fee | Depends on town, usually $50~$150 | |
| Seller’s Credit | Based on buyer’s inspection claim | |
| Seller’s Concession | Seller Agreeing-a buyer to get extra mortgage for closing cost up 5% | |
| Other Fees | Adjusting Unpaid or Prepaid – Property Tax, Insurance, HOA Fee(Condo) | |
| Realty Transfer Fee | General Seller | Senior over 62, Blind Person, Disabled Person |
| For sales amount over $350,000 .58% ~$150,000 .85% $150,001~$200,000 .96% $200,001~$550,000 1.06% $550,001~$850,000 1.16% $850,001~$1,000,000 1.21% Over $1,000,000 For sales amount under $350,000 .40% – ~$150,000 .67% $150,001~$200,000 .78% $200,001~$350,000 |
For sales amount over $350,000 .28% – ~$150,000 .43% $150,001~$550,000 .53% $550,001~$850,000 .63% $850,001~$1,000,000 .68% Over $1,000,000 For sales amount under $350,000 .10% ~$150,000 .25% $150,001~$350,000 |
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| Realty Transfer Fee Exemption | Government PropertyHusband and wife, Parent and childConverting all Coop to CondoCorrection on previously recorded deed | |