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The
Cost of Moving |
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The cost of moving is more than how much it is going to cost
to have the packers come and pack up your house and move it to
the new location. That is part of it but there is more!! There
are the costs associated with selling your old house, costs to
lawyers, costs to set up utilities, costs to the building inspector,
and a bevy of other professionals. Some of the money can be incorporated
into your mortgage but a majority of it you have to come up with
in cash. Let's take a look at what some of the cost categories
are and I'll give you a guideline as to what you can expect to
pay. The next thing you should do is find out what the actual
expenses are going to be.
| Category |
Expense |
Amount |
| Closing Costs |
Transfer Taxes |
$100-$1200 |
| |
Recording Fees |
$50-$150 |
| |
Other Fees to State |
$0-$150 |
| |
Escrow Deposit for taxes |
$100-$2400 (depends on the time of year) |
| |
Attorney Fees |
3/4-1% of house price to buy and the same amount to sell |
| |
Title Search Costs |
$450-$600 |
| |
Homeowners Insurance |
$300-$800 |
| |
Survey |
$125-$400 |
| |
Real Estate Commission |
6% of selling price |
| Finance Charges |
Application Fee |
$75-$300 |
| |
Loan origination fee |
$500-$1500 |
| |
Points |
1% of house price |
| |
Lender's attorney |
$150-$400 |
| |
Appraisal |
$150-$400 |
| |
PMI (Private Mortgage Insurance) |
$350-$1500 |
| |
Mortgage Penalty to break out of mortgage |
3 months interest |
| |
Partial months interest |
$20-1500 (depends on when you close) |
| Other |
Inspection |
$175-$300 |
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Moving Costs |
$500-$9000 |
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Down Payment |
$5,000-$25,000 |
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Real-Estate-Haven