Attorney's Fees |
$400-$700 |
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Property Inspection |
$250-$400 |
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Lead Paint Inspection (optional) |
$200-$350 |
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City of Chicago Transfer Tax (Stamps) |
$7.50 per $1000 of purchase price. |
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Settlement or Escrow Closing Fee |
$175 up to $100,000 plus $0.50 |
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Paid to title company to handle closing for every additional $1,000. |
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Costs Associated with Lender |
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Loan Application (& Appraisal) |
$250-$400 |
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Closing Points or Loan Origination Fee |
1-3% of Loan (optional) |
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Private Mortgage Insurance |
Required if loan is less than 80% of purchase price. |
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Underwriting Fee |
$250-$500 |
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Document Preparation or Recording Fee |
$100-$150 |
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Flood Certification Fee |
$20-$40 |
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Lender's Title Insurance Policy |
$150-$400 |
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Tax Service Fee (if held in escrow) |
$50-$100 |
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Reserve Fund for Tax Escrow |
2-7 months pre-paid real estate taxes |
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(may be received as credit from seller). |