Cape Cod Real Estate Tools: Cost to Buy Worksheet

These are financing expenses typical for most mortgages. You can have this form with you when you speak to a lender. Not all of these costs apply to every transaction. Print and fill out.

Points: A point equals one percent of the mortgage amount.
Pre-paid Tax escrow: Many banks will collect 2-3 months of real estate taxes up front.
Pre-paid Interest: Interest is apportioned so that the mortgage payment is on the first month.
Application Fee: Varies with each lender. Some may waive this fee.
Certified Plot Plan: Your lender will need to purchase a plot plan.
Homeowners Insurance: Banks may require one year premium paid at the closing.
Flood Insurance: Required by most banks if the home is located a flood zone. This is in addition to homeowners insurance.
Title Insurance: A on-time expense required by most lenders.
Credit Check Fee: The lender will run a credit check.
Recording Fee: Cost to record at the Registry of Deeds.
Buyer Attorney Fee: To review the Purchase and Sale Agreement.
Bank Attorney Fee: For title certification and document preparation.
Inspections: The cost of the home inspection is paid by the buyer. Additional inspections (termite, radon, structural or electric/plumbing) is paid by the buyer.
Septic: Usually paid by the seller.
Moving Expenses: Depends on the distance and weight.

Massachusetts, Cape Cod, Barnstable, Bourne, Brewster, Buzzards Bay, Centerville, Chatham, Cotuit, Dennis, Eastham, Falmouth, Harwich, Hyannis, Marstons Mills, Mashpee, Orleans, Osterville, Provincetown, Sandwich, Truro, Wellfleet, Woods Hole, Yarmouth

Buyer Brokers of Cape Cod^®
3180 Main Street, Route 6A
Barnstable, MA 02630

Barnstable Office: 800.962.8937
buysmart@buyerbrokers.com
Each office independently owned and operated

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