Estimated Costs Associated with the Purchase of Your Home
As the buyer, you may be responsible for the following costs:

Attorney’s fees $400-$700
Property Inspection $250-$400
Lead Paint Inspection $200-$350 (optional)
City of Chicago transfer Tax (stamps) $7.50 per $1000 of purchase price
Homeowner’s Insurance Varies
Settlement of Escrow Closing Fess $175 up to $100K, plus 50 cents for every adtl $1K
(paid to title company to handle closing)

Costs Associated with Lender
Loan Application (& Appraisal) $250-$400
Closing Points or Loan Origination Fee 1-3% of loan (optional)
Private Mortgage Insurance (PMI) Required if loan amount is less than 80% of purchase price
Underwriting Fee $250-$500
Document Preparation or Recording Fee $100-$150
Flood Certification Fee $20-$40
Lender’s Title Insurance Policy $150-$400
Tax Service Fee (if taxes held in escrow) $50-$100
Reserve Fund for Tax escrow 2-7 months prepaid real estate taxes
(may be received as credit from seller)Prepaid Interest Interest on loan from closing