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13 Things You Can Expect to Pay for Before Buying a House

You might be focused on that big number — the mortgage payment — while you’re looking for a house but don’t forget about all the other costs associated with buying a house. They can pile up and overwhelm you if you aren’t aware of them. Here are some things to know about fees you might face as you buy a house.

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Appraisal FeeRoman Samborskyl/Shutterstock

Appraisal Fee

An appraisal fee will run around $300 to $500 and will show up on loan estimate or good faith estimate. Most of the time the appraisal fee is paid out-of-pocket but it can sometimes be rolled into closing. Check out these tips to purchase a home.
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Survey Feejessicakirsh/Shutterstock

Survey Fee

The survey fee takes care of verifying the property lines and making sure fences are in the right spot. A survey fee isn’t required in every state. Find out home buying secrets so you're prepared for your next home purchase.
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Flood Determination AssessmentAndrey_Popov/Shutterstock

Flood Determination Assessment

A flood determination assessment is something that comes up and is usually around $10 to $20 but it’s used by lenders to find out if a property is in a flood zone. Lenders have to get a flood determination assessment to determine if the home has the proper amount of insurance. Know what to keep an eye on with a first-time buyers guide to home maintenance.
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Escrow FeeESB Professional/Shutterstock

Escrow Fee

The closing fee is paid to the title company, escrow company or attorney conducting the closing. Some states require a real estate attorney be present at every closing. This is a fee that is separate from the escrow deposit, which requires up to two months of property tax and mortgage insurance payments. Know 10 important things to consider before buying a house.
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Application FeeBrian A Jackson/Shutterstock

Application Fee

A mortgage application is used by some lenders to try to get home buyers committed to them through a $400 to $500 fee. Investopedia calls it an excessive fee and should be avoided.
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Credit Report

Credit Report Fee

Mortgage lenders have to run a credit report on you if you’re buying a home and sometimes they’ll try to charge you between $30 to $50 per report. Find out why hiring a home inspector is worth it.
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Origination Fee

An origination fee is usually collected after a loan is approved and as part of the closing costs. It is between .5 and 1 percent of the sale price. The origination fee typically covers the cost of paperwork, verifications and calculations to figure out the mortgage. Find out what to know about down payments.
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Attorney Feegoodluz/Shutterstock

Attorney Fee

Each attorney’s rate varies but it’s usually around $400 to have an attorney involved in the loan transaction. Find out if it's the right time to move for you.
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Mortgage Broker FeeFamily Handyman

Mortgage Broker Fee

If you choose to work with a mortgage broker it’s going to cost you. A mortgage broker helps you find a loan but they’ll charge you 1 to 2 percent of the home’s purchase price. Learn about property taxes before you start paying them on your new house.
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Prepaid Interest

Between the time you close and make your first mortgage payment, lenders will likely expect you to pay any interest that accrues during that time. Sometimes you’ll have to pay up front at closing. Buying a home for the first time, learn some handy tips for home ownership.
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State Recording Feecreate jobs 51/Shutterstock

State Recording Fee

The sale of the property needs to be recorded with your local government and you can be sure there are fees associated with that. Check with your county and city government to learn those fees.
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Lender’s Title Insurancemaxuser/Shutterstock

Lender’s Title Insurance

Also known as a loan policy, lenders will require it to protect themselves if there is an error in the title search or if there’s a claim of ownership on the property after it’s sold. Find out what every homeowner should know about a home.
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Owner’s Title InsuranceAndy Dean Photography/Shutterstock

Owner’s Title Insurance

There is also owner’s title insurance that a home seller can purchase to protect them in case there are title problems or if there are claims of ownership made on the property. Find out what to do when you first move into a home.