BUYERS APPROXIMATE CLOSING COSTS – REFERENCE GUIDE

Title & Escrow Fees Quick View Calculator

Mortgage Costs

6. Application Fee(Includes Credit Report) $300.00 to $600.00

7. Appraisal $400.00 to $600.00

8. Miscellaneous Mortgage Costs(Varies, be sure to ask your lender) $100.00 to $600.00

9. PMI (Private Mortgage Insurance)(obtain from lender)

10. Points(obtain from lender)

(Fee paid to lender to “buy-down” interest rate on mortgage)(One point = 1% of mortgage, ex. – 1 point on a $500,000 mortgage equals $5,000)

 

Inspection Costs

11. Home Inspection $300.00 to $550.00

Septic Inspection (if not paid by seller) $500.00 to $700.00

Oil Tank Inspection (if applicable) $250

RSS, Tacoma-Pierce County Health Department 

Misc.