Deposit (usually 5% of the purchase price, paid within 24 hours of your offer being accepted)
Property Appraisal ($400- $500, often paid by the lender)
Balance of Purchase Price (the purchase price less your initial deposit.
Legal Fees (amount varies depending on purchase price – approx $500 - $1500)
Title Insurance (sometimes included in your legal fees, $250-$400)
Property Survey (if required – $1,000-$2,000)
Property Tax Adjustment (reimbursement to Seller of property taxes they paid beyond the closing date)
Municipal Deed Transfer Tax: 1.0% of total cost