Example: $1,000,000 purchase price with a $800,000 loan amount.
Title
and Escrow Fees
• Title
Insurance (Owner’s) ..... $2,482
• Title Insurance (Lender's)
..... $811
• Escrow
Fees ..... $1,350
• Recording
Fees ..... $150
• Miscellaneous
..... $100-125
Additional
Costs
• Property
Tax ..... 1.144%
of purchase price
• 1st
year Hazard Insurance
• Contractor’s
Inspection .....
$400-700
• Termite
Inspection .....
$250-400 |
Lender
Fees
• Credit
Report
• Underwriting
• Tax
Service Fee
• Flood
Certification
• Loan
Processing, Document
Prep
• Appraisal
Fee
• Wire
Transfer
Aproximate Total ..... $1700-1800 |
|
