BUYERS GENERAL CLOSING COSTS
APPRAISAL FEES - Are around $350.00
LENDERS TITLE INSURANCE - Costs $2.50 per every $1,000. borrowed. It protects lenders financial interest in real property against loss due to title defects, liens or other matters.
MA REAL ESTATE PROPERTY TAX ESCROWS - Three to six months tax & insurance escrows are typically required by the lender, depending on several variables.
HOME OWNERS INSURANCE - The lender will require the 1st year's insurance premium paid in full prior to closing. Typically the lender will also require 3 months of insurance premiums to be held in escrow, also paid at closing.
LENDER'S FEES - These can consist of several different items and are somewhat subjective upon the buyer's down payment, credit score, type of loan requested, work history etc.
TITLE COMPANY OR ATTORNEY CLOSING COSTS - Typically between $500 - $800. This fee covers title search and closing documents.
DEED RECORDING FEES - $125 - $200.
HOME INSEPCTION - $350 - $850 depending on several viariables such as property type, septic, water, radon, etc.