Oo the day when a home becomes yours officially,known as closing day, you will pay out more than just the price of the house.
> loan origination fees ( points) and other charges.
.Average 2-4% of the home price
> ESCROW fees
.Average several hundreds to a thousand dollars
>Homeowners Insurance
. Average several hundreds to a thousand-plus dollars Per year
>Title Insurance
. average several hundreds to a thousand dollars depending on the purchase price.
>Property Taxes
. average several hundreds to a couple thousand dollars
> Legal fees
. Average from nothing to hundreds of dollars.
> inspections
. Average a couple hundreds to a thousand
You should never consider buying a home without inspecting it.
>Private Mortgage Insurance
.if needed, average several hundreds annually
>Prepaid Loan Interest
.How much interest you have to pay depends on the timing of your first loan payment
> Recording deed and mortgage fees
. Average $50
> Overnight / Courier fees
. Average $50
> Notary fees
average $40
