Here is a rough estimate of the closing costs that you will incur:
Conveyancing Fee $290.00
Notary Fee $35.00
Title Insurance $1,540.00
Deed Recording Fee $235.00
2% Transfer Tax $950
There would also be a city tax proration payment.
I hope this helps. Feel free to contact me if you need any additional clarification on cash purchases. I work with cash investors and developers regularly.
Keller Williams Realty Group
Philip J. Cunningham Sr.
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia, PA 19152
215-725-5700X49 cell 267-934-1971
You won't have any mortgage related fees obviously. However, there are still some fees related to paying cash.
So long as the seller is providing a Seller's/Owner's title policy, you shouldnt have to purchase one yourself. This will save you about $600-$700. There are endorsement fees, recording fees, and the fee the title company will charge to conduct your closing. All told, this should run you between $500 and $1000. Not much more.
In addition, your realtor may charge a brokerage fee. These are common nowadays and usually run between $250 and $500.
Your realtor should give you a detailed breakdown of these fees to get you prepared.