Keep in mind that costs can vary depending on the loan type you are using, the interest rate, and your home price. This is a great starting point, but your loan officer can give you an accurate closing cost once you've identified a particular property.
Buyer Cost Estimation
Note: It's always possible to ask the sellers to pay for a portion of the closing costs.
Lender Fees: $500 - $1000
(This fee may include things like the appraisal and copies of your credit report)
Title Search: $200 - $400
(This fee is required before you can close on your property, depends on company)
Lenders Title Insurance: $600 - $1200
(This fee is required and will vary depending upon the size of your loan)
Owners Title Insurance: $200 - $1000
(This fee is optional and will vary depending upon the purchase price of the home)
Attorney Fees: $450 - $600
(In South Carolina it is mandatory you be represented by an attorney for any Real Estate transaction. These fees cover the legal work to get the loan closed)
Recording Fees: $50
One Yr Prepaid Homeowners Insurance: $1500 - $2500
(This depends on home size and location)
Prepaid Interest: $300 - $1200
(Depends entirely upon the balance of the loan and the interest rate)
Prorated Property Taxes: $600
(This amount is paid to seller to reimburse them for the property taxes which they paid in advance)
Escrow Taxes and Insurance $800 - $1000
Let me be your guide to purchasing a home in Myrtle Beach. Please refer to my Buying a Home page for greater detail about my process of helping you purchase the perfect home at the best possible price.
Let's work together.
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ASHLEY DELONG | REALTOR© |
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