search listings
SEARCH LISTINGS

FREDERICK COUNTY MD REAL ESTATE

FREDERICK COUNTY PROPERTY TYPES

ABOUT REAL ESTATE AGENTS IN FREDERICK COUNTY

FINANCING YOUR HOME PURCHASE IN FREDERICK COUNTY, MD

ABOUT THE MARYLAND REAL ESTATE CONTRACT, DISCLOSURES and INSPECTIONS

EDUCATION IN FREDERICK COUNTY

RESOURCES FOR FREDERICK COUNTY BUYERS

lenn harley
Phone: 301-704-6964

Homefinders.com
Broker: Lenn Harley
Lic. MD & VA
MD Lic. 303829

© 2001 Lenn Harley

Active Rain

Frederick County Blog

fair housing

 

CLOSING COST ESTIMATE FOR BUYING A HOME IN
FREDERICK COUNTY, MARYLAND

The information below shows ESTIMATED CLOSING COSTS for a home priced at $500,000.

CLOSING COSTS ESTIMATE FOR HOME BUYERS

Price ________________________________ $500,000
Loan Type - Conventional 5% Down
Interest Rate - 6% (including mortgage insurance)
Estimated Real Estate Taxes $ 3,500

1. LOAN RELATED FEES

Appraisal Fee _________________________ $ 400
Credit Report Fee ______________________    60
Misc. Lender Fees _____________________   500


2. PREPAIDS OR ESCROW ITEMS

Prepaid Interest (2 days Per Diem) ________ $ 190
Hazard Insurance (1 year) _______________   450
Hazard Insurance Escrow 2 days _________      75
Prepaid RE Taxes (8 months) ____________  2,333

3. TITLE CHARGES Settlement Fee (legal)        500
Title Insurance ($4.00 per $1,000) ________ 2,000

4. GOVERNMENT RECORDING AND TRANSFER FEES
Recording Fees ________________________ 150
State Transfer Tax _____________________ 1,250 (Seller paid $1,250)
Recordation Tax _______________________ 2,500 (Seller paid $2,500)

5. ADDITIONAL SETTLEMENT FEES
Survey_______________________________ 400
Pest Inspection ________________________ 50
Misc. _________________________________

6. TOTAL CLOSING COSTS (1 through 5) _________________________ $10,813

7. DOWN PAYMENT __________________________________________    25,000

8. TOTAL MONEY NEED TO BUY (6 & 7) __________________________  $35,813

===============================================================

ESTIMATED MONTHLY PAYMENT

Principal & Interest @ 6%  $ 2,848
1 Month RE Taxes                  292
1 Month Hazard Insurance        38

MONTHLY PAYMENTS        $ 3,178

Additional monthly expenses could include Home Owner Association Fees The above figures are for estimating purposes only. Expenses may change depending on credit score, down payment, interest rate, etc. Our Homefinders.com agent will do a detailed Closing Cost Estimate for you for the home you select to buy.

Frederick County Real Estate
A part of the Homefinders.com Network