Buyer Closing Cost
Thinking of buying a home in the Charlotte or surrounding areas? Wondering how much money you should be saving and putting aside for closing costs?
Below is an estimated breakdown of the closing costs and the amount you should expect to pay. Based on the type of loan you get, your down payment, and the purchase price of your home, these amounts will change; therefore, it is especially important to check with your lender and closing attorney for the final numbers.
Buyers Estimated Closing Costs
| LENDERS FEES | FEES | DESCRIPTION |
|---|---|---|
| Lenders Service Fee | $900-$1400 | Covers the cost of underwriting services & processing; cost to do the loan. |
| Appraisal | $400-$500 | Varies based on the property type |
| Credit Report | $20-$75 | |
| Flood Certification | $9-$12 | |
| Tax Transfer Fee | $10-$12 | |
| PREPAID ITEMS | FEES | DESCRIPTION |
| Daily Interest | Varies | Interest the mortgage company charges you from the day of closing until the end of that month |
| Hazard/Property Insurance | Varies | Home Owners Insurance; protection of your home against damages |
| Property Taxes | Varies | |
| Mortgage Insurance | Varies | Only applies to certain loans. Protects lenders from the risk of default/foreclosure |
| OTHER FEES | FEES | DESCRIPTION |
| Attorney Fees | $600-$1300 | |
| Title Search | $75-$100 | |
| Title Insurance | Varies | Fee for the lender’s title policy, insuring the lender’s lien position. |
| Deed and Mortgage Recording | $26-$150 | |
| ADDITIONAL/OPTIONAL FEES | FEES | DESCRIPTION |
| Home Inspection | $300-$1000+ | Based on the property. |
| Pest/Termite Inspection | $75-$125 | Based on the Property. |
| Septic Inspection | $300-$500 | |
| Well Inspection | $100-$300 | |
| Water Test | $100-$200 | |
| Radon Test | $200+ | |
| Survey | Varies | Based on the property. |
| HOA Transfer Fees | Varies | Based on the property and if it is in an HOA community. |
This information is provided without obligation or guarantee and is not meant to be a Good Faith Estimate. It is for informational purposes only.
**Please note these are estimates and we cannot be held liable for any errors.**
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Client Testimonials
Very pleased with the sale of our home! We are honestly very hesitant because of all the “what ifs” and not having anywhere to go once it sold. Crystal and Inshah had rentals for us to choose from. We decided to lease in Cornelius until we buy another house; they made everything move along seamlessly. I was so relieved and happy not to have to contact multiple other companies. Thank you for helping us!
Anna Holland
My experience with Castle Gate has been amazing. Crystal and Inshah put a personal touch to everything which is greatly appreciated especially when you are moving from out of town. Thank you so much!
Kathryn Landers
5 years ago-Customer Service at its finest!! As a property owner with multiple properties, I needed a company who can be on top of my homes and treat them as if they were there’s. With Castle Gate Real Estate Group, I never feel that my property or my tenants are going without the service they need. I have been more than satisfied with them during the year they have taken over my 8 properties and will refer them out to any of my peers. If you decide to go with them you will not be let down!
