Approximate Buyers Closing Costs

If you are purchasing a home, below is an approximation of the
Buyers Closing Costs in New Jersey.

 

Title Costs & Legal Fees Attorney Fee $1,000-$1,500 Survey $450-$800 Recording Fees (Mortgage & Deed) $200-$300 Title Search/Policy Endorsements $250-$500 Title Insurance Premium Consult attorney or lender   Mortgage Costs Application Fee (Credit Report included) $300-$600 Appraisal $400-$600 Misc Mortgage Costs (Consult your lender) $100-$600 Private Mortgage Insurance (PMI) Consult lender Points Consult lender One point = 1% of mortgage i.e. 1 point on a $700,000 mortgage is $7,000 Points are a fee to “buy down” the interest rate on a mortgage.   Inspection Costs Home Inspection $300-$600 Radon Inspection $120-$300 Termite Inspection/Certification $75-$150 Septic Inspection (if applicable) $750-$1,000 Oil Tank Inspection (if applicable) $395-$500 Asbestos, Chimney and Mold Costs vary Other Inspections (if needed) Homeowner’s Insurance – Prepaid 1 Year Consult Insurance Company 2 Months Escrow Homeowner’s Insurance Consult Insurance Company 3 Months Property Taxes Escrow Mansion Tax (if applicable) 1% of consideration when sales price is over $1,000,000 – Residential Zone Use