Closing costs when purchasing a home...

Credit Report: Usually around $60. Paid at the time of formal loan application. Non-refundable.

Property Appraisal Fee: Usually around $350. Paid at the time of formal loan application.
Non-refundable.

Origination Fee:The lender's charge for loan processing and handling. Customarily 1% of the loan amount, paid by the buyer.

Discount Points
Vary with mortgage market conditions and may range from 0 - 5 or more. Each point is 1% of the loan amount. Point represent the difference between the loan's rate of interest and the discount to this interest that the lender will have to offer to sell the loan to a buyer of loans or a loan investor. Points may be paid by the buyer, seller or both.

Mortgagees Title Insurance
Usually around $100. The lender (who is the mortgagee) requires the borrower to purchase a title insurance policy to protect the mortgagee against title defects that would affect the loan. (NOTE: The seller purchases a title policy for this protection for the buyer.)

Location and Improvement Survey
Usually around $135. Shows the property boundaries and the location of the house and improvements.

Document Preparation
"Doc Prep." Usually around $100. This is a charge for completing and handling the paperwork associated with the loan. Usually around $200. A lender's fee.

Recording Fees
Usually about $35. Fees charged by the government for recording in the county records. The documents associated with the purchase (i.e. the warrant and trust deeds)

Pre-paid
These are collections in advance for loan interest, homeowners insurance and property taxes. Daily interest from the date of closing until the end of the month.
One year's homeowner's insurance premium for the coming year. 2 to 3 month's in advance payment for the following year homes owner's insurance premium which is placed in the purchaser's escrow account. 2 to 4 month's worth of property taxes are placed in the purchaser's escrow account over and above the seller's credit to purchasers

State Documentary Fees
"Tax Stamps" $.01 per $100 of sales price

Real Estate Closing
Usually $150 (Normally split 50/50 between buyer and seller