Buyers Estimated Closing Costs

Purchase Price of the Property $________________

Down Payment $________________

Balance $________________

2% Transfer Tax (Buyer/Seller split 1% each...) $________________

Attorney Fees/Document Preparation (usually less than $200) $________________

Title Insurance (approximately $775.00 per $100,000) $________________

Recording Fees (Mortgage & Deed) (usually between $15 and $20 each document...) $________________

Notary Fees (usually less than $10) $________________

Prorated Property Taxes $________________

Assessment/Association Dues $________________

Mortgage Application Fee (usually includes appraisal and credit report) (usually around $350) $________________

Bank Fees (usually between 0-3 points (%)) $________________

Homeowners/Fire Insurance (Based on value) $________________

Corrective Work $________________

Inspection Services $________________

Total Deductions (Estimated) $________________

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