Typical Costs/Fees Incurred at Closing
Closing Costs
This a list of costs/fees commonly incurred when closing on the sale or purchase of a home. Some or all of these may be negotiable as to "who" pays them, buyer or seller.
Loan Origination Fee Underwriting Fee
Appraisal Fee Documentation Fee
Inspection Fee Attorney Fee
Credit Report Fee Tax Contract-Service Fee
Recording Fee Homebuyers Warranty
Survey Notary Fee
Wood Infestation Report Transfer Tax
Intangible Tax Discount Points
Owners Title Insurance Lenders Title Insurance
Flood Certification Fee Application Fee
GA Residential Mortgage Fee Administration Fee
Processing Fee Title Examination Fee
Title Insurance Binder
Prepaid Items
This is a list of typical costs the buyer will incur at closing. Add these costs to the down payment plus any of the "closing costs" the buyer is paying, and the total will approximate the amount of certified funds for the buyer to bring to the closing.
One Year Hazard Insurance Policy Tax and Insurance Reserves to establish an Escrow Account
Per Day Interest and Mortgage Insurance - If Applicable
Recommendation: Utilize the services of a "Real Estate Attorney" for the closing on any real estate transaction. Their expertise may save you many times over the small expense involved. I will be happy to provide you with the names of several reputable attorneys.
