| SALE PRICE | TYPICAL COST | WHO PAYS? |
|---|---|---|
| COMMISSION | 6% of PURCHASE PRICE | SELLER |
| APPRAISAL | $250-$500 | BUYER |
| CREDIT REPORT | $30-$75 PER BORROWER | BUYER |
| INSPECTION FEE | $350+/VISIT | BUYER |
| LENDER-DIRECT UNDERWRITING FEE | $750-$1,000 | BUYER |
| PROCESSING FEE | $150 | BUYER |
| FLOOD CERTIFICATE | $50-$100 | BUYER |
| TAX SERVICE | $85-$200 | BUYER |
| ATTORNEY FEE | $600-$1,000+ | BOTH |
| SETTLEMENT CLOSING | $250-$1,000 | BUYER |
| TITLE INSURANCE (BUYER) | $250-$1,000 | BUYER |
| TITLE INSURANCE (SELLER) | $300-$2,000 | SELLER |
| RECORDING FEE | $75-$250 | BOTH |
| STATE TRANSFER TAX | $1.50 PER $1,000 | SELLER |
| COUNTY/CITY TRANSFER TAX | $3.00 PER $1,000 | SELLER |
| CHICAGO CITY TRANSFER TAX* | $7.50 PER $1,000 | BUYER |
| SURVEY | $500 - $1,000 | SELLER |
| INTEREST PER DAY | LOAN AMOUNT X RATE/365 | BUYER |
| ESCROW TAXES | 1-5 MOS. (IF APPLICABLE) | BUYER |
| ESCROW INSURANCE | 1-5 MOS. (IF APPLICABLE) | BUYER |
| TAX PRORATION | 105-110% OF LAST TAX BILL | SELLER |
TAX PRORATION SELLER ESTIMATED CLOSING COSTS COURTESY OF PROPER RATE®. Prices subject to change. Actual costs vary per lender, loan amount, property type and other factors.
*Property transfer taxes vary per local jurisdiction or township. Please consult your real estate attorney to obtain the best possible estimate for taxes and other closing costs.
