Fees & Costs

Down Payment

• Typically, 20% of the purchase price but it can range from 3.5% (for FHA loans) to 25%-30% for investment properties. Once you have an accepted offer, 3% of the down payment is due within 3 days. The larger the down payment, the more appealing and qualified your offer will look to the seller.

Monthly Payment

• Principal and interest.
• 1/12 of your homeowners insurance.
• 1/12 of your taxes. If an impound account, then calculated in your payment. If not, then due Nov 1 (Jan-June) or due March 1 (July-Sept)

Closing Costs

• This will be computed through escrow and paid a few days before closing.
• Escrow & Title Fees (1.5 – 2%, typical for Buyer and Seller to each pay their own)
• Home Insurance
• Appraisal Fee / Lender Fees
• HOA Dues (if applicable)

Inspection Fees

This is to be paid upfront and directly to the inspectors.

• General Inspection $400 – $1000
• Termite Inspection $150 – $250
• Foundation $200 – $500
• Roof $125 – $200
• Sewer $150 -$250
• HVAC $90 – $125
• Chimney $250 – $500
• Mold $250 – $500+