Estimateur de Frais de Clôture (Avancé) — Formule

Understanding Closing Costs

Closing costs are the fees and charges paid at the settlement of a real estate transaction, above and beyond the property price itself.

Major Cost Categories

  • Lender fees: Origination fee (0.5-1.5% of loan), appraisal, credit report, underwriting
  • Title charges: Title search, title insurance, settlement agent fee
  • Prepaid items: Homeowner insurance, property tax escrow, prepaid interest
  • Government fees: Recording fees, transfer taxes (vary by state)
  • Inspection: Home inspection, pest inspection, survey

    • Typical Ranges

  • Buyer closing costs: 2-5% of the purchase price
  • Seller closing costs: 6-10% (including agent commissions)
  • Closing costs vary significantly by state due to transfer taxes and local practices

    • Exemple Résolu

    $375,000 purchase with $300,000 loan, 1% origination, $550 appraisal, $450 inspection, $400 title search, $5.75 per $1,000 title insurance, $250 recording fee, 12 months prepaid insurance at $150/month, and 3 months prepaid taxes at $350/month.

    1. Origination fee: $300,000 x 1% = $3,000
    2. Title insurance: $375,000 / 1,000 x $5.75 = $2,156
    3. Lender fees: $3,000 + $550 = $3,550
    4. Title fees: $400 + $2,156 = $2,556
    5. Prepaid insurance: 12 x $150 = $1,800
    6. Prepaid taxes: 3 x $350 = $1,050
    7. Other fees: $450 + $250 = $700
    8. Total closing costs: $3,550 + $2,556 + $2,850 + $700 = $9,656
    9. Cash needed: $9,656 + $75,000 (down payment) = $84,656