: Their bank required an appraisal to confirm the house was actually worth $400,000. This cost them another $350–$1,000 . The "Lender & Legal" Fees
: 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
Before they could even finish the paperwork, Sarah and Mike had to open their wallets for early due diligence: : Their bank required an appraisal to confirm
Here is the story of the fees they encountered on their way to the front door: The "First Impressions" Fees The "Advance Payment" Fees Before they could even
: 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 .
As the closing date approached, the administrative costs—often called —began to stack up, typically totaling 2% to 6% of the loan amount :
: 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 .