Buyer's Approximate Closing Costs
- Yaniv Gershon
- May 4, 2020
- 2 min read
Updated: Dec 5, 2025
Legal and Title Costs:
Attorney Fee - $900-$1500
Survey - $450-$1200
Survey Condo - $150-$250
Recording Fees with Mortgage & Deed - $300-$500
Title Searches/Title Policy Endorsements - $250-$500
Settlement Fees - $450-$750
Title Insurance Premium - See Photo Below the Schedule-NJ Rates For Title Insurance
Mortgage Costs:
Application Fee - $600-$900
Appraisal (Up to 1 Million) - $450-$730
Appraisal (Over 1 Million) - $1800 (Due to needing 2 appraisals)
Miscellaneous Mortgage Costs - $100-$600 (Varies, be sure to ask your lender)
PMI (Private Mortgage Insurance) Often required if mortgage is more than 80% of purchase price.
Points, Fee paid to lender to "buy down" interest rate on mortgage.
One point equals 1% of the mortgage (1 point on a $100,000 mortgage equals $1000)
Inspection Costs:
Home Inspection - $400-$650 (Condo- $250-$650)
Radon Inspection - $60-$300
Wood-Destroying Insect Inspection/Certification - $60-$150
Septic Inspection (if applicable) - $500-$2000
Oil Tank Inspection (if applicable) - $395-$500
Other Inspections, per your choice
Other Costs:
Homeowner's Insurance - $500-$2400
One -Year Prepaid Premium Coldwell Banker Home Protraction Plan - $425-$900
Flood Insurance (if applicable) - $750-$2000
Prepaid Tax Adjustment (Varies on the Town, County)
Mansion Tax on Residential Properties - 1% of Consideration when Sales Price is more than $1 Million
Disclaimer:
The figures provided are general guidelines intended to help buyers/sellers estimate potential closing costs. They are based on New Jersey fees and are subject to change, errors, or omissions without prior notice. These estimates do not constitute legal, tax, or financial advice. Buyers/sellers should consult with a licensed professional, including a real estate agent, attorney, or financial advisor, to obtain accurate and personalized information.
Date of estimates: 4/2020
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