|
INSPECTION COSTS |
|
|
|
|
Home Inspection |
$175.00 |
|
$500.00 |
|
Radon Inspection |
$60.00 |
to |
$300.00 |
|
Wood Destroying Insect Inspection/Certification |
$60.00 |
to |
$150.00 |
|
Septic Inspection (if applicable) |
$450.00 |
to |
$750.00 |
|
Oil Tank Inspection (if applicable) |
$395.00 |
to |
$500.00 |
|
Other Inspections
(if applicable) |
$_________ |
to |
$________ |
|
|
|
|
|
MORTGAGE
COSTS |
|
|
|
|
Credit Report |
$17.00 |
to |
$35.00 |
|
Appraisal
Fee |
$275.00 |
to |
$350.00 |
|
Loan Commitment Fee |
$50.00 |
to |
$350.00 |
| |
Miscellaneous Costs
(Varies, be sure to ask your lender) |
$100.00 |
to |
$700.00 |
|
PMI
(Private Mortgage Insurance)-Often required if mortgage is > 80% of purchase price |
| |
Points-Fee paid to lender to “buy-down” interest rate on
mortgage
One point equals 1% of the mortgage (1 point on a $100,000 mortgage equals $ 1,000) |
|
|
LEGAL AND TITLE COSTS |
|
Attorney Fee |
$
750.00 |
to |
$
1,100.00 |
|
Survey (Condo $150) |
$
350.00 |
to |
$
600.00 |
|
Title Search/Lender Policy Endorsement |
$
250.00 |
to |
$
500.00 |
|
Recording Fees |
$
100.00 |
to |
$
300.00 |
|
Title Insurance |
See schedule (NJ
Rates for Title Insurance) |
|
|
|
|
|
RESERVES
DEPOSITED WITH LENDER |
|
|
|
|
Homeowner’s Insurance one year prepaid premium |
$150.00 |
to |
$1,000.00 |
|
Flood Insurance (if applicable) |
$500.00 |
to |
$1,000.00 |
|
City Property Taxes |
2-3 months |
|
|
|
|
|
ADDITIONAL SETTLEMENT CHARGES |
|
Prepaid Tax Adjustment |
$_________ |
to |
$________ |
|
Association Fee
(if applicable) |
$_________ |
to |
$_________ |
|
Copies, Cert. Mail, Wire Fee |
$25.00 |
|
$175.00 |
|
|
* These figures are general guidelines to aid
buyers in calculating their closing costs. The figures are based on
estimates of New Jersey fees, and are subject to errors and omissions and
change without prior notice. 1/2005 |
