Buyers Estimated Closing Costs in Chicago

Attorney's Fees:
$400-$1000

Property Inspection:
$250-$500

Lead Paint Inspection:
(optional)
$250-$350

City of Chicago Transfer Tax:
$7.50 per $1000 of purchase price

Homeowner's Insurance:
Varies

Settlement of Escrow Closing Fee:
(pd by Title Company for Closing)
$500 up to $100,00 plus 450 for every additional $50,000

Loan Application and Appraisal:
$250-$500

Closing Points or Loan Origination Fee:
(optional)
1%-3% of Loan

PMI - Private Mortgage Insurance:
Required if loan amount is more then 80% of purchase price

Underwriting Fee:
$250-$500

Document Preperation/Recording Fee:
$200-$500

Flood Certification:
$10-$40

Lender's Title Insurance Policy:
$250-$500

Tax Service Fee:
(if taxes are held in escrow)
$50-$100


PRE PAID FEES

Reserve Fund for Tax Escrow:
2-7 months prepaid real estate taxes
(may be received as a credit from seller)

Prepaid Interest:
Interest on loan from clsoing date to end of month