Expense of Buyer
Attorney Fees (if required)
Defective Drywall Inspection
Proration of Real Property Taxes
Proration of Maintenance Fees
Additional Expenses if Mortgage Obtained
Mortgage Title Insurance Policy
Service Fee or Origination Fee (if applicable)
Doc Stamps on Note (.35 on each $100)
Lender's Attorney Fees
Assumption Fee on existing mortgage
Intangible Tax (.002 on New Mortgage)
Escrow Account (Taxes and Mortgage)
Your realtor should be able to run off a Cost sheet for you. It should be very close to the exact numbers. I myself do them when we make an offer on a property so the buyer has a good idea of total costs and the amount of cash they will need.
Ask your REALTOR, he/she will speak to your lender and the title company to give you the best information about your closing cost and pre-paids. A rule of thumb is what was said in 2 earlier comments 3-4%. with loan and 1% cash. Still speak with your REALTOR.
As mentioned below they will vary somewhat based on the loan type you are looking at and who you use. A general rule of thumb that I use is 3-4% with a loan and 1% if paying cash. Your Realtor (you have a good one, right?) can work with your lender and the title company to get a much more accurate number for both scenarios and then you can choose.
With Your Success in Mind,
Keller Williams Integrity First Realty
480.560.7255 (direct & text)
There are different conditions and loan types both conventional and government funded that may affect closing costs, but a general rule will be 3-4% of the Sales Price.
Hope this helps you.
Signature Realty Group
GRI, ABR, CNE, MRE, E Pro