So, you’re wondering how much it costs to buy a house?

In our Buyer’s check-list, we discussed earnest money, cost of appraisal and inspection fees.

There are two types of closing costs:

• one-time fees, and
• recurring costs.

One-time fees include, but are not limited to:

• Title Insurance
• Title Search
• Attorney fees
• Escrow fees
• Notary fees
• Wire fees
• Courier fees
• Home Inspections
• Recording Fees (local fees)
• Credit Check
• Document Preparation
• Appraisal Fees
• Endorsements
• Transfer Fees (county/city)

Recurring Closing Costs, typically included in your monthly payment, include:

• Property Tax
• Private Mortgage Insurance
• Flood Insurance
• Fire Insurance

Lori Cain is an outstanding real estate agent. I can honestly say that I wouldn’t have bought my first house if it weren’t for her. It was my dream house, too. She knows her stuff and is not afraid to lay out the pros and cons for you. Her opinion is trustworthy, and in retrospect, there wasn’t a moment of that ‘buyer’s remorse’ because I was an informed buyer. I have and will recommend Lori Cain in a heartbeat to anyone looking to buy or sell a house.
    ~  Tom Young, Tulsa Home Buyer

For further explanation of some of these costs, please refer to the Real Estate glossary on this site!

Don’t let this daunting list overwhelm you. Often the Seller is willing to contribute to your closing costs. The Seller is prohibited from contributing to your required down-payment, although that can be “gifted.”

I encourage you to compare Lenders and their fees. I know some excellent Lenders – please ask me for a recommendation!