Costs to Buy a House?
WHAT ARE TYPICAL COSTS TO BUY A HOUSE?
- Earnest Money Deposit (Binder or Escrow Deposit) Typically 1-2% of the purchase price.
Home Inspection: Depends on Square Footage. Starting @ $400-600
Wood Destroying Organisms Report (WDO): Starting @$250
Pool Inspection: Starting @$300
Well lnspection: Starting @$300
Septic Inspection: Starting @$400
Mold Inspection: Starting @$300
Sewer Scope Inspection: Starting @$400
Radon: Starting @$500
Insurance Inspections: Wind Mitigation/4pt: Starting @$150
**Not all inspections are required or applicable to every property.**
- Appraisal: Approx $600
- Closing Costs: 3-5% of the Purchase Price
- Down Payment: Your lender will guide you depending on your type of loan (FHA, VA, Conventional, etc) but if you can pay 20% down you can avoid mortgage insurance.