Buyer's Costs in Real Estate Transactions

The total amount paid by the buyer for the property, including the purchase price and closing costs.

Expenses incurred by the buyer during the real estate transaction, prior to moving into the property.

A policy that protects the lender against financial losses if the borrower defaults on the loan.

A policy that protects the lender against title defects or claims.

The fee charged by the escrow company for handling the closing process.

A fee charged by the title company for preparing the closing documents.

A charge for transferring funds from one account to another.

A fee charged for delivering documents to the parties involved in the transaction.

A fee charged for preparing and recording the deed in the county records.

A fee charged by the lender for processing the loan application.

The total amount of money a buyer needs to pay at closing, including the down payment, closing costs, and any pre-paid expenses.

A percentage of the loan amount paid by the borrower to the lender at closing, typically used to reduce the interest rate.

The amount of money the buyer pays upfront to secure the property, typically a percentage of the purchase price.

Fees charged by a real estate broker for facilitating the sale of the property.

A monthly payment covering principal and interest on the mortgage loan.

The amount of money the buyer is expected to pay each month, including principal, interest, taxes, insurance, and other associated fees.

Insurance that protects the lender in case the borrower defaults on the loan.

Annual fees charged by a homeowners' association for maintaining common areas and amenities.

A type of insurance that protects the borrower if they cannot make mortgage payments due to unforeseen circumstances.

A fee charged by a homeowners' association when a property is transferred to a new owner.