Q: How much are closing costs? Buyers: Estimate about 2-2.5% of the Purchase Price. Lender Fees - $1000-1200 Title Fees/Insurance - $1200-1500 Transfer Stamps (tax) - $7.50 per $1000 of the purchase price Attorney - $500-700
Sellers: Estimate about 7% of the Purchase Price Title Fees/Insurance - $1000-1200 (depends on title company and size of property) Transfer Tax - City - $3.00 per $1000 of the purchase price Transfer Tax - State - $1.00 per $1000 of the purchase price Transfer Tax - County - $0.50 per $1000 of the purchase price Attorney - $600-800 Property Tax & Assessment (if applicable) Proration - Dependant upon closing date. Mortgage Interest to date of closing - One month in arrears (max one month mortgage pmt) Commission - 5-6% of sales price | 
