Buyer's Closing Cost

Estimates may vary depending on the vendor BASIC CLOSING COSTS

LEGAL COSTS
• Attorney Fee $1,300-$1,800
• Survey $ 800-$1,500
• Title Insurance Premiums vary-see schedule of NJ rates provided by attorney

MORTGAGE COSTS
• Application Fee $150
Appraisal $385-$650
Misc. Costs-discuss with lender such as points, PMI etc.

INSPECTION
• Home Inspection $700 plus
• Radon Inspection $100 (often included at an additional charge
$1,300-$1,800 $800-$1,500 See schedule)
by general inspectors)
• Termite Inspection $150 (often included at an additional charge
by general inspectors)
Oil Tank Scan $200-$300

OTHER COSTS
• Homeowners Insurance $500-$3,000
• Flood Insurance (if applicable)
For Buyers Mansion Tax 1% of Sales Price if Over $1,000,000 For Sellers, Realty Transfer Tax applies on
sale

Estimates may vary depending on the vendor