Estimated Closing Costs In The Chester County Area

Estimates are based on a $100,000 purchase price with a $95,000 mortgage with an imaginary settlement date of the 31st of any month.

Common Disbursements
Mortgage Origination Fee (1.00%)											$950.00
Lender Appraisal Fee											350.00
Credit Report												50.00
Mortgage Insurance												1,425.00
Document Preparation Fee												200.00
Flood Certification Fee												25.00
Tax Escrow Service Fee												125.00
Mortgage Interest To End Of Month (e.g.. 1 Day)												18.85
Title Insurance Policy (Basic)											828.75
Title Policy Endorsements											100.00
RE Transfer Tax											1,000.00
Deed And Mortgage Recording											450.00
Notary Fee											35.00
Broker Service Fee											295.00
Home Inspection											550.00
Environmental Inspection											75.00
Termite Inspection											85.00
							Sub-total					$6,562.60
Accruals And Reimbursements
Escrows Required By Lender
RE Tax - County (4 months)												57.76
RE Tax - Twp/Boro (4 months)												88.49
RE Tax - School (10 months)												1,522.49
Homeowners Insurance (2 months)												41.66
									Total Escrows			$1,710.40
Buyer Reimbursements To Seller
RE Tax - County (11 months 1 day)												243.67
RE Tax - Twp/Boro (11 months 1 day)												159.05
RE Tax - School (5 months 1 day)												755.82
								Total Reimbursements				$1,158.54
Suggested cash on hand at time of closing, excluding $5,000 down payment will be a total of...												$9,431.54
*These figures are an estimate only as each loan program varies as to charges. They are subject to change and it is recommended that you consult your lawyer for confirmation of your total costs.