: To show they were serious, they put down about 1% to 3% of the purchase price ($4,000–$12,000) into an Escrow Account , which would eventually count toward their down payment .
: Their local county charged $20–$250 just to update the public records with their names as the new owners . The "Advance Payment" Fees fees when buying a house
: They paid $300–$500 for a pro to crawl through the attic and check for leaks. This was an out-of-pocket cost paid directly to the inspector . : To show they were serious, they put
More than a Mortgage: Eight Surprising Costs of Buying a Home This was an out-of-pocket cost paid directly to
Finally, at the closing table, Sarah and Mike had to "prepay" for certain future expenses:
Here is the story of the fees they encountered on their way to the front door: The "First Impressions" Fees
As the closing date approached, the administrative costs—often called —began to stack up, typically totaling 2% to 6% of the loan amount :
