What Upfront Costs Are Involved With Buying A House?

Jamie Carmouche October 23, 2014

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It can be confusing trying to figure out which costs and fees are paid by the buyer and which costs are the responsibility of the buyer.  Below are a few of the typical fees paid by the buyer in a real estate transaction.

Recording Fees – $3/page recorded
Lender’s Title Policy – Dependent on the price of the house (as an example for reference, a lender’s title policy on a $200,000 house is $363.75)
Half of Escrow Fee – Fee that the title company charges to do the closing; based on the price of the house
Loan Origination Fee – 1% of the Loan Amount (unless negotiated differently)
Credit Report – can range from $20-$50
Courier –$25
Wire Fee- $15

*Note:  The above are approximations.  Closing costs vary between transactions.

The closing costs can vary slightly between each title company, but the above list will give you some idea of the costs associated with buying a house.  There are additional fees that may be charged at closing depending on the specific transaction.  My job is to make sure you know all of those before we get to the closing table so there are no surprises.

Still have questions on buying a home? Let me know how I can help.

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