Start with the purchase price and identify all seller, lender, title, escrow, and government fees that still apply to cash buyers
Estimate title insurance costs based on the home price and local title rates
Add escrow or settlement fees charged by the closing company
Include attorney fees if your state or transaction requires legal review
Estimate recording fees for filing the deed and other documents with the county
Add transfer taxes or documentary stamps required by state or local governments
Include property tax prorations from the closing date to the end of the tax period
Estimate homeowners insurance premiums due at or before closing
Add HOA transfer fees, initiation fees, and prorated dues if the property is in an association
Include inspection costs for home, pest, roof, sewer, or other inspections you choose to order
Add survey costs if a survey is required or requested
Include wire transfer or cashier’s check fees if applicable
Budget for appraisal costs only if you choose to order one for valuation
Add any unpaid utility, lien, or municipal assessment charges that must be settled at closing
Request a closing disclosure, settlement statement, or fee estimate from the title company or closing agent
Use a rough rule of thumb of about 1% to 3% of the purchase price for total closing costs, adjusted for local taxes and fees
Confirm all estimates with the title company, attorney, or local recorder before closing