Buyer's Estimated Closing Costs

As a Buyer, you can usually expect to incur closing costs of about 1.5% of your sale price, plus your loan points.  The following list shows the normal items that you, as a Buyer, can expect to pay for when you purchase your home.  You may use this form as a worksheet to estimate your closing costs.  However, this is just an estimate, and your escrow officer will be able to prepare a more accurate estimate of closing costs.  

Based upon an estimated purchase price of $____________

Estimated close of escrow on: __________

_______	Loan Fee - Typically 1 to 2-1/2 % of loan amount, plus $200 to $250
_______	Appraisal and Credit Report Fees - generally total approximately $350, and usually paid at time of loan application.
_______	Escrow Fee - generally $200 plus $1.50 per $1,000 of purchase price.
_______	Loan tie-in Fee - $250, paid to escrow if new financing is involved
_______	Tax lien service - $45, to notify lender if property taxes are not paid by Owner
_______	Lender's Title Policy - based upon loan amount; to assure lender of clear title prior to encumbering property
_______	First year fire insurance, plus optional homeowner's coverage
_______	Pro-ration of property taxes pre-paid by Seller (or impounds account, if applicable)
_______	Pre-paid interest on new loan (from close of escrow to 30 days prior to first payment)
_______	Private mortgage insurance premium for first year (if loan amount greater than 80%)
_______	Home Warranty Policy - $250 for basic policy, plus $50 for central air conditioning, $100 for pool and spa, $100 for roof coverage.
_______	Miscellaneous fees - recording, sub-escrow, special document charges, delivery charges
_______	Other costs -
_______	TOTAL ESTIMATED CLOSING COSTS