@Properties

Closing Costs

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
APPRAISAL $250 – $500 BUYER
TITLE INSURANCE (BUYER) $250-$1,000 BUYER
TITLE INSURANCE (SELLER) $300-$2,000 SELLER
TITLE INSURANCE (BUYER) $250-$1,000 BUYER
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

properties-logo