The Basic Costs Of Closing-
Legal Costs:
- • Attorney Fee $1000-1500
- • Survey Fee, ($150-$250 Condo) $450-$800 Single Family Home
- • Title Search Fee, $250-$500
- • Title Insurance Premiums (These fees vary. Your attorney can provide a schedule of New Jersey rates.)
- Mortgage Costs:
- • Application Fee ($300-$600)
- • Appraisal Fee ($300-$600)
- • Misc. costs such as Points and PMI should be discussed with your lender
Inspection Costs
- • Home inspection $300-$650
- • Radon Inspection $ 120-$300
- . Termite Inspection $75-$150
- • Oil Tank Inspection $400-$500
- . Septic Tank $750-$1000
- • Additional costs may include: structural engineer, chimney inspection
Additional Expenses
- • Homeowners Insurance
- • Mansion Tax (1% of sales price if over $1 Million for sellers)
- • Flood Insurance (when applicable for buyers)
- • Realty Transfer Tax- Mansion Tax, if applicable (Residential Zone Use) 1% of consideration when sales
price is over $1,000,000
Closing Cost Estimator
