| Attorney's Fees |
$400-$700 |
| |
|
| Property Inspection |
$250-$400 |
| |
|
| Lead Paint Inspection (optional) |
$200-$350 |
|
|
| City of Chicago Transfer Tax (Stamps) |
$7.50 per $1000 of purchase price. |
|
|
| Settlement or Escrow Closing Fee |
$175 up to $100,000 plus $0.50 |
|
Paid to title company to handle closing
for every additional $1,000. |
|
|
| Costs Associated with Lender |
|
|
|
| Loan Application (& Appraisal) |
$250-$400 |
|
|
| Closing Points or Loan Origination Fee |
1-3% of Loan (optional) |
|
|
| Private Mortgage Insurance |
Required if loan is less than 80% of purchase price. |
|
|
| Underwriting Fee |
$250-$500 |
|
|
| Document Preparation or Recording Fee |
$100-$150 |
|
|
| Flood Certification Fee |
$20-$40 |
|
|
| Lender's Title Insurance Policy |
$150-$400 |
|
|
| Tax Service Fee (if held in escrow) |
$50-$100 |
|
|
| Reserve Fund for Tax Escrow |
2-7 months pre-paid real estate taxes |
|
(may be received as credit from seller). |
