Norwalk Town Hall


Beach Gathering

CLOSING COSTS TYPICALLY INCURRED BY THE BUYER

The Parties to a real estate sale may negotiate for who will pay certain closing costs. In the absence of an agreement, local custom calls for each party to pay those closing costs related to that portion of the transaction for which they are responsible.

Home Inspection Fees

General Building Inspection

$1000 +/-

Asbestos

$350 +/-

Lead in water

$55 +/-

Pool

$150 +/-

Radon 

$100 +/-

Septic

$350 +/-

Termite/Pest

 $250 +/- (typically included in building inspection)

Water

 $35 +/-           

Lender Fees

Application

 $200-$500

Appraisal

 Varies

Credit Report  

$70 +/-

Origination Fees

 Varies

Points

 Varies

Tax Escrow

 Determined by lender

Interest Adjustment Payment

Varies with closing date, pro-rated based on actual number of days from the date of closing to the date of the first mortgage
Attorney’s Fees $1500 +/-
Title Search $100-$200
Title Insurance $325 per $100,000
Recording Fee $10 (1 page), $15 (2 pages)
Homeowner’s Insurance Varies depending on the property

The fees listed above are given only as an approximate and may vary higher or lower.