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 Costs
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 Fee - TBD
Appraisal: $350.00
Credit Report: $65.00
Application Fee: $295.00
Underwriting: $325.00
Processing/Funding Fee: $595.00Other Fees
Prorated Tax Debit: $2,083.33
Recording Fee: $150.00
City Transfer Tax: $7,500.00Seller 's 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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