Appraisal Fees- Appraisal fees are around $350.00.
Lenders Title Insurance- 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- 3-6 months’ 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. Property Taxes Annually =$6,000
Home Owners Insurance Lender’s Fees- The lender will require the 1st year’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. These can consist of several different items and are somewhat subjective upon buyer’s down payment, credit score, type of loan requested, work history, etc. Lender’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- Typically between $500 - $800. This fee covers title search & closing document preparation. $125 - $200
Deed Recording Fees Home Inspection- $350 - $850 depending on several variables such as property type, septic, water, radon, etc.
Buyers Agent Fee- 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.