Use the following guide to estimate the costs you may incur in the purchase of your home. Print this form.

Earnest Money (deposit made with your offer, varies)$________________

Down Payment (purchase price less mortgage amount less earnest money deposit)$________________

Structural Inspection (varies, generally $350 – $500)$________________

Attorney Fee (varies, generally $750-$1200, check with your attorney)$________________

Recording Fees (usually around $150)$________________

Equalization Form (County Clerk, usually $75)$________________

Tax Adjustment (depends on closing date. Ask your Realtor or loan officer to help you estimate)$________________

Homeowners Insurance (most banks will require the first year premium be paid prior to closing. Check with your insurance agent for an estimate)$________________

Mortgage Closing Costs $________________
(all banks vary with closing costs. When you visit your loan officer to get pre-qualified be sure to ask for an estimate of closing costs).
Some typical fees are:

  • Application fee
  • Origination fee
  • Appraisal fee
  • Credit report
  • Bank attorney
  • Flood insurance
  • Title insurance
  • Escrow account
  • PMI insurance
  • FHA/VA insurance

Miscellaneous $________________

TOTAL ESTIMATED EXPENSES $________________