What expenses can a home buyer expect?
- November 20, 2017
What expenses can the a home buyer expect? Closing costs vary depending the location of your new home, the property you are buying and any loans you maybe be taking. Here is a general list to keep in mind.
- Application Fee
- Appraisal
- Attorney Fee
- Closing Fee or Escrow Fee
- Courier Fee
- Credit Report
- Escrow Deposit for Property Taxes & Mortgage Insurance
- FHA Up-Front Mortgage Insurance Premium (UPMIP)
- Flood insurance
- Home Inspection
- Home Owners Association Transfer Fees
- Homeowners’ Insurance
- Lender’s Policy Title Insurance
- Lead-Based Paint Inspection
- Loan Discount Points
- Owner’s Policy Title Insurance
- Origination Fee
- Pest Inspection
- Prepaid Interest
- Private Mortgage Insurance (PMI)
- Property Tax
- Recording Fees
- Survey Fee
- Title Company Title Search or Exam Fee
- Transfer Taxes
- Underwriting Fee
- VA Funding Fee
If you have questions about home buyer expenses, real estate or need an attorney, Stenger, Glass, Hagstrom, Lindars & Iuele LLP today. We have two convenient Dutchess County, NY office locations in Poughkeepsie, NY and Wappingers Falls, NY.