Since not everyone is familiar with the closing costs in our area, let's review the most common ones here.

Other closing costs may apply, and will be addressed on a case by case basis by your lender.

Buyer Closing Costs

Financing

Inspection fees

Appraisal

Loan service

Credit report

Prepaid interest, if any

Prepaid insurance and tax reserves

Mortgage Title Insurance Policy

Hazard Insurance

Documentary stamps on the note (.35 per $100)

Intangible tax (.002 x Mtg Amount)

Recording of the deed and Mortgage

Pest Inspection

Insurance Premiums

 

(This list is not all inclusive and is subject to change.)

Your lender will provide more detailed cost disclosures