Broker Hill.JPG

605 N Michigan Ave, 4th Floor, Suite 437, Chicago, IL 60611

©2019 Kaveh Jafarabadi

Buyers Fees

Exceeding Expectations

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Listed below are the fees* that apply to buyers by different parties involved in the property sales process. 

  • Appraisal: $250- $500

  • Credit Report: $30 – $75 per borrower

  • Inspection fee: $350+ / Visit

  • Lender- direct underwriting fee: $750 – $1,000

  • Processing fee: $150

  • Flood certificate: $50 – $100

  • Tax service: $85 – $200

  • Attorney fee: $600 – $1,000+

  • Settlement closing: $250 – $1,000

  • Title insurance: $250 – $1,000

  • Recording fee: $75 – $250

  • Chicago/ City transfer tax: $3 per every $1,000 of purchase price

  • Interest per day: Loan amount X Rate/365

  • Escrow taxes: 1-5 MOS. (If applicable)

  • Escrow insurance: 1-5 MOS. (If applicable)

*some fees are approximates.