Buyer Expenses

Mortgage

✓ Mortgage Points
✓ Appraisal – This is a fee required by the lending institution home before they approve your loan
✓ Credit Report
✓ Recording fees for the mortgage
✓ Lender Fees

Other

✓ Inspection Fee
✓ 2 – 4 months property taxes
✓ 14 months hazard insurance
✓ 14 months flood insurance (if required)
✓ 14 months windstorm insurance (if required)

Title/Closing

✓ Title Examination
✓ Title Update (from delivery to closing)
✓ Document Preparation
✓ Courier fees
✓ Mortgages attorneys fee
✓ Recording fees: $6.00 first page, $4.50 each additional page
✓ Documentary stamps on the note: $.35 per $100.00 of note amount
✓ Intangible tax on the mortgage: $.20 per $100.00 of mortgage amount