Appraisal Fees-Â Appraisal fees are around $350.00.
Lenders Title Insurance-Â Costs $2.50 per every $1,000.00 borrowed. It protects a lenders financial interest in real property against loss due to title defects, liens or other matters.
MA Real Estate Property Tax Escrows-Â 3-6 monthsâ€™ tax & insurance escrows are typically required by the lender, depending upon several variables. This 3-6 months of tax funds are held with the lender who will pay your tax bill on your behalf. Example: Purchase Price = $400,000.Â Property Taxes Annually =$6,000
Home Owners Insurance Lenderâ€™s Fees-Â The lender will require the 1st yearâ€™s insurance premium paid in full prior to closing. Typically the lender will also require 3 months of insurance premiums to be held in escrow, also paid at closing.Â These can consist of several different items and are somewhat subjective upon buyerâ€™s down payment, credit score, type of loan requested, work history, etc. Lenderâ€™s fees could consist of loan points, document preparation, underwriting & processing, etc. They are usually prorated with the loan amount.
Title Company or Attorney Closing Costs-Â Typically between $500 - $800. This fee covers title search & closing document preparation.Â $125 - $200
Deed Recording Fees Home Inspection-Â $350 - $850 depending on several variables such as property type, septic, water, radon, etc.
Buyers Agent Fee-Â Often times the Buyers Agent/Agency fee is paid by the Seller from the proceeds of the sale. Occasionally the Buyer is responsible to cover a portion of the Buyers Agency fee. Sometimes, this fee can be negotiable, and can range from .25% to 3% of the purchase price.