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Closing Cost Estimator

Home Inspection Fees
It is always a good idea to have a professional home inspector take a look at the home you are purchasing to identify any problem areas in the home. 		$  
Appraisal Fee
Estimate $165 to $350 or ENTER actual $ amount.		 $  
Legal Fees
Please refer to your notary or lawyer.		 $  
Survey Certificate
Please refer to realtor.		 $  
Property Transfer Tax
Click here to use the Property Transfer Tax Calculator.		 $  
Home Insurance
It is recommended that you check with a few Insurance Companies to find out the costs of coverage on your new home. The insurance amount should be equal to or greater than your mortgage balance.		 $  
Mortgage Application Fee
Estimate $200 or ENTER actual $ amount.		 $  
Moving Costs
The costs of the move from your current residence to your new home will be dependent upon the distance involved and the amount being transported. It is a good idea to get at least two quotes for this service.		 $  
Prepaid Taxes
Depending on the time of year you will be purchasing, you may be required to pay a portion of the annual property taxes into a tax account in anticipation of an upcoming tax bill. Check with your mortgage company to see if this will be required at the closing.		 $  
Fuel and Tax Adjustments at Closing
You will be expected to reimburse the owner of the property for the portion of the property taxes he has paid for the time you will own the property. Similarly you will be responsible for paying the costs of heating fuel which may be in the tanks.		 $  
Service Charges
Check with the Electrical and Water Companies to see if there are any fees to transfer the services into your name.		 $  
Repairs and Renovations
Will the home require any immediate repairs or renovations? Have you considered the cost(s)?		 $  
Appliances
Are your present appliances adequate? Will you need additional appliances?		 $  
TOTAL ESTIMATED COSTS $  
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  • Property Transfer Tax Calculator
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