Home Buying in 06360>Question Details

Maria, Home Buyer in Connecticut

Closing cost

Asked by Maria, Connecticut Tue May 5, 2009

We are in the mortgage process and now we are looking for attorney. If somebody could give us a rough idea on how much would it cost (total cost) for closing a house title search etc, that is highly appreciated. I live here in CT if that helps. The property is located in Sprague CT.

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J.M.Halcrow’s answer
Well, the attorney's fees is about $700, the title insurance $1,000, search $250, recording fees at town hall $150.
Aprox. that we experienced at Cicchiello and Cicchiello(lawyers office) in Norwich. - An all round good experience with lawyers I thought of as human and good ones too, as opposed to other lawyers I've met in the past.
I'd certainly hope to be able to use them if we ever had to move again.

Then there are real estate agent's fees and banks charges(the worst part).
The attorney/legal fees are modest in comparison to the bank fees for the loan charges, underwriting fees, bank points for the loan, there's also flood search costs that the bank charge you. And of course the prepaid interest!

That's about all I can think of, hope it helps.
0 votes Thank Flag Link Sat Sep 1, 2012
HI Maria,
I 've been selling real estate in the Norwich area for 28 years. there are a few excellent real estate attorneys who are very reasonable. If you would like to call or email me I can give you names and numbers.
Terry Friedman
Randall Realtors

860-608-4960
terryfriedman@randallrealtors.com
0 votes Thank Flag Link Tue Feb 16, 2010
It depends a lot on who you use for a bank. Some mortgage companies charge a ton of costs and some don't. Also, FHA has a huge impact as well and if you are paying points. An attorney should be $500 plus title search (around $150). You also have to pay for something called title insurance which will be around $1000. If you close at the beginning of the month it will be more than the end because you are paying interest for the month up front. Your bank will give you a printed estimate of closing costs, if they don't, ask for it immediately. Hope this helps a little! I am a Paralegal in a Real Estate Firm.
0 votes Thank Flag Link Tue May 12, 2009
A good rough estinate is 3% of the purchase price for everything, but it does vary. Depending on what month you close in, there are prorations for taxes (the credit could go either way depending on when they were last paid) and possibly for oil in a tank. Attorney's fees can vary as well. Ask you lender to give you a Good Faith Estimate. They should be able to get pretty close.
Web Reference: http://www.danrossre.com
0 votes Thank Flag Link Tue May 5, 2009
Hello Maria..
I really don't know very much about the Connecticut Market, but I think that closing costs are pretty much the same for most mortgages. Your Mortgage Broker should have given you a "Good Faith Estimate" of your closing costs. If he didn't, call him or her as soon as you can and get it... It is required here in Florida and I would think everywhere else in the country too. Just about ALL of your closing costs will be Mortgage related.
The amounts would be determined by the time of the month that you close. You will have to pay for
Appraisal, Survey, Title Insurance, Credit Report, Inspections, Taxes, Insurance, Pre Paid Interests, Escrow, Doc stamps, recording fees, Attorney, etc, etc, etc,. Here in Florida the costs can run anywhere between 4% to 6% of the purchase price... I hope that helps a little, but PLEASE get with your Mortgage person asap.. They will be the best one to answer your question. If they don't , then get another Mortgage person.
Good Luck... Joseph Zajkowski - Hokiday Florida
0 votes Thank Flag Link Tue May 5, 2009
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