What are the closing costs associated with buying a home?
Essentially, the bulk of closing costs for a Buyer tends to be those associated with your loan such as origination fee, escrow for insurance and taxes etc. Other costs include intangible tax, which is a tax on the loan amount – essentially, $1.50 per $500 increment in loan amount. Other fees include attorney’s fees, title search fees, title insurance, appraisal, home inspection, surveys etc. (if you’ve arranged to pay such items at closing).
