When you purchase a home, you will incur the following typical closing
Deed Transfer Tax: 1 1/2% of the purchase price $1500
Home Inspection $250
Location Certificate $300
Legal Fees $800
Property Tax Adjustment (typically 6 months property taxes) $750
Oil Adjustment (oil heat only; typically you pay for a full oil tank) $500
Property appraisal fee $250
Total closing costs, aproximately $4400 (on a $100,000 home purchase)
NOTE: Figures given are estimates only, and will vary according to property.
Mark Lummis. Any reproduction of this site is prohibited.