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Typical Buyer Closing Costs

All contracts are negotiable, and you have the opportunity to shop for the best mortgage rate & closing costs. The following are conservative estimates for closing costs & out of pocket expenses.

Upon execution of the contract:

Option Fee: $200 to $500 depending on the price of the home & credited to you at closing.
Earnest Money Deposit: 1% of the price of the home & credited to you at closing.
Home Inspection: $400 to $500 depending on the size of the property & options you select. (Sprinkler inspection, termite inspection, etc…)

At Closing:

Underwriting Fee: $425
Processing Fee: $425
Wire Fee: $35
Attorney Doc Prep Fee: $200
Appraisal Fee: $450
Credit Report Fee: $35
Tax Service Fee: $78
Flood Certification Fee: $9.50
Lender’s Title Insurance: $400
Escrow Fee: $250
Survey (negotiable between seller): $425
Recording Fee: $165
Total Closing Costs: $2897.50

Pre-Paid Expenses at Closing:

1 Year Homeowner’s Insurance Premium
Pre-paid interest from closing date to the end of the month

Escrow Establishment:

3 Months Property Taxes
3 Months Homeowner’s Insurance

Over 300 Client Reviews
Yelp
My wife and I relocated to Austin from the east coast and didn't know a realtor in town, so looked online. We called a few different people and really seemed to click with Eric. He knows Austin very well, which is what we really cared about, since we knew little about the various Austin neighborhoods.…
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Google+
Eric is such a fantastic realtor! I had a distressed home to sell and Eric gave me the advice I needed to list it at a price that would sell. His suggested price was right on, and the house sold in a week! Eric was always available and replied quickly to all of our questions.…
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Zillow
My wife and I found Eric online in 2011 when we were considering moving to Austin. Eric was very helpful showing around various neighborhoods during my business trips that made my decision to move to Austin easier. Unlike most agents, Eric also helped us find an apartment for around 6 months so that we could…
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