| Expense Item |
Amount |
When Payable |
| Property Appraisal |
$275-$350
Check with your lending institution |
Usually at time of mortgage application |
| Property Inspection Fee |
$300-$400 approx. |
At time of inspection |
| Legal Fees |
$700 +/-
Varies with property
and lawyer |
Closing Date |
| Legal Disbursements, Costs |
$200-$300 approx.
Tax certificate $40 +/-
Title search $100 +/-
Record deed/mortgage $100 +/- |
Closing Date |
| Property Survey |
$300-$400 +
(may not be needed) |
Closing Date |
| Mortgage Interest Adjustment |
$100-$300+
Usually on closings that are not at
month end |
Closing Date |
| Mortgage Insurance |
Up to 80% – 1.25%
Up to 85% – 2.00%
Up to 95% – 2.50% |
Generally amortized with
mortgage |
Adjustments for Fuel and
Property Taxes |
Fuel – $300 +/- (varies)
Taxes – 1/2 year +/- (varies) |
Closing Date |
| Home & Property Insurance |
$300-$500 +/- |
Closing Date |
| Moving Expenses |
Varies |
Moving Day |
Appliances, Drapes,
Lawn Mower, etc. |
Varies |
Your choice! |
The above information is provided for discussion purposes only and should not be
relied upon without verification from the appropriate person or institution. |