A Home of Your Own

Closing costs

At the real estate transaction settlement, commonly referred to as the "closing," the following costs are typically incurred by a person buying a home:

• Title search fee ($50-$150)
• Title insurance ($100-$600)
• Attorney's fee ($50-$700)
• Appraisal fee ($100-$300)
• Recording fees and transfer taxes ($15-$30)
• Credit report ($25-$75)
• Termite inspection ($50-$150)
• Lender's origination fee (1-3% of loan amount)
• Reserves for home insurance and property taxes (amount varies)
• Interest paid in advance (if applicable)