Congratulations on taking the steps to purchase a home!! You must be very excited.
Every situation is a little different in regards to the closing cost but some of these costs may include:
Loan Origination Fee
Wood Infestation Inspection Fee
Home Protection Plan/Inspection Fee
Escrow Closing Fee
Professional Services Fee
Lender Fees (commitment, closing, etc.)
Loan Discount Points
Homeowners Insurance, First Year
MIP/PMI/VA Funding Fee, First Year
Homeowners Insurance Escrow
Loan Application Fee
I know this is a long list and a little overwhelming. However, many of these fees may not apply in every situation. In total closing costs are about 3.5% of the purchase price. It is also common for buyers to ask the sellers to cover some or all of these costs as part of the purchase.
Our team can sit down with you to answer any questions you have, in depth, regarding closing costs or any step of the purchasing process.
The Tabai & Schulze Team
NP Dodge Real Estate