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Estimated Closing Costs In The Bucks 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   275.00
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   110.00
Notary Fee   35.00
Broker Service Fee   175.00
Home Inspection   350.00
Environmental Inspection   75.00
Termite Inspection   75.00
                   
            Sub-total   $5,817.60
 
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... $8686.54  
     
*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.

Vickie Cohen
Coldwell Banker Hearthside Realtors
114 South Street
Newtown, PA 18940

Office (215) 504-9000
Cell Phone (215) 499-8501

Email enquiries to vickie@vickiecohen.com

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