Fees When Buying A House Online

Finally, at the closing table, Sarah and Mike had to "prepay" for certain future expenses:

: 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

: 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 Finally, at the closing table, Sarah and Mike

Here is the story of the fees they encountered on their way to the front door: The "First Impressions" Fees The "Lender & Legal" Fees Here is the

: A title company charged about $300–$2,500 to search public records and ensure no one else could claim ownership of the home .

As the closing date approached, the administrative costs—often called —began to stack up, typically totaling 2% to 6% of the loan amount :