What are Buyer's closing costs??? With so many out-of-state clients, this is a common question for me. I'll try to sum up general closing costs, which average between 1-2% of the purchase price.

1. Stamps on the mortgage: $.04 per $100 (total mtg amount)
2. Intangible tax: $.002 per $100 (total mtg amount)
3. Title co fees: $200 - $500 (includes various endorsements)
4. Mtg co fees: will depend on your lender (0% - 1% of mtg amount)
5. Escrows: Your lender may require you to escrow future insurance and tax payments...these escrows can be 3, 6, or 9+ months (dependent on mtg)
6. Home Inspection: Normally paid out of closing ($200 - $500)
7. Appraisal: Can be paid at or outside of closing ($300 - $500)
8. 1st Years HO Insurance: If buying a SFH, you will be req'd to purchase your policy at or before closing (dependent on home)
9. Lender's title insurance policy ($350 - $1000)
10. Monthly Maint Fees: Will be prorated for the month

Seller-paid closing costs:

1. Real estate commissions
2. Doc Stamps
3. Owner's title policy
4. Tax amount for time of ownership during that calendar year
5. Monthly Maint fees (prorated)
6. Any back taxes, hoa/condo fees, etc.