Buyer Closing Costs

  • Example of closing costs for a $1,000,000 detached home in Oakland California

    Typically, home buyers will pay between about 2 to 3 percent of the purchase price of their home in closing fees.
    Home Seller will pay between 5.5 to 7 percent of the sale price for closing costs.

    Here is an example of closing costs for a $1,000,000 detached home in Oakland California.

    Buyer Total Closing Costs:
    $17,391.33

    Prepaid Cost

    Title Fees
    Owner's Title Policy
    $2,452.00
    Lender's Title Policy
    $1,224.00
    Escrow Fee
    $1,625.00
    Notary Fee
    $150.00
    Flood Cert.
    $22.00
    Messenger Fee
    $75.00
    Tax Search Fee
    $115.00
    T-36 Endorsement
    $25.00
    Concurrent Loan Escrow Services
    $340.00
    Lender Fees

    Appraisal
    $350.00
    Credit Report
    $65.00
    Application Fee
    $295.00
    Underwriting
    $325.00
    Processing/Funding Fee
    $595.00
    Other Fees

    Prorated Tax Debit
    $2,083.33
    Recording Fee
    $150.00
    City Transfer Tax
    $7,500.00

    Seller Closing Costs
    Edit
    Total Closing Costs
    $59,145.00

    Title Fees

    Notary Fee
    $150.00

    Other Fees
    County Transfer Tax
    $1,100.00
    593 Form
    $45.00
    Home Warranty
    $350.00
    City Transfer Tax
    $7,500.00
    Buyers Broker Fee (2.5%)
    $25,000.00
    Listing Broker Fee (2.5%)
    $25,000.00

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Mayling Trinh

C.P.R.E.S. Designated REALTOR® • DRE #01407438
• Cellular: 510-928-6168 • WeChat: MaylingTrinh • Email: Mayling.Trinh@gmail.com • 3923 Grand Avenue, Oakland, CA 94610 •
Specialties: Listing Agent, Buyers Agent, Probate/Estate Sales, Single Family Home, Multi-Unit, Condo, Townhome, Shortsale, REO Bank Owned, 1031 Exchange, Consulting, and Property Management.
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• Cellular: 510-775-1900 •  Email: Catherine.Mitchell@bhghome.com • 3923 Grand Avenue, Oakland, CA 94610 •
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