Costs when Purchasing a Property
Attorney fees: $1500 +/-
Association fees/Common charges: Varies depending on complex and/or association
Interest adjustment: Prorated daily interest from time of closing to first mortgage payment
Home Insurance: $1200 – $3600 +/- escrowed one year in advance
Lender Fees: $200-$500 plus any points or additional appraisal fees
Recording Fee: $53 for first page, then $5 for each additional page per document to be recorded
($55 for first page of warranty deed)
Tax Adjustment: Buyer reimburses seller for pro-rated current tax
period Payment for one additional tax period will also be escrowed at the time of closing.
Title Insurance: Cost is based on purchase price
Title Search: $275 – $325
Utilities: Oil, propane – varies. Buyer is responsible for reimbursing the seller for the current
market value of fuel in the home’s storage tanks.
*NOTE: The estimates provided are intended as a guide only. Karla Murtaugh makes no guarantee as to the accuracy of the numbers provided. Please consult your attorney and individual service providers for an accurate quote.