What Are The Closing Costs For $900,000 Mortgage? Boston Condos For Sale Ford Realty

In Massachusetts, closing costs for home buyers range from 2% to 5% of the purchase price, with Boston often seeing higher fees. For a $900,000 home, lender fees can range from $4,500 to $9,000, while prepaid items may total $8,000 to $15,000. Title services and insurance cost between $3,500 and $8,000, and attorney fees range from $800 to $2,500. Additional third-party fees include appraisal and inspection costs. Transfer taxes are typically paid by the seller, and escrow amounts vary based on the closing date.

"In Massachusetts, buyers typically pay between 2% and 5% of the home's purchase price. The competitive Boston market often sees higher totals due to local service fees and the standard requirement for attorney involvement."

"For a $900,000 purchase price, lender fees cover origination, underwriting, and credit reports, typically totaling 0.5% to 1% of the loan amount, ranging from $4,500 to $9,000."

"Prepaid items, often the largest cash-upfront category, include 12 months of homeowners insurance, 2 to 6 months of property tax escrow, and daily interest from the closing date to the first payment, totaling $8,000 to $15,000."

"In Massachusetts, the seller traditionally pays the 'Tax Stamps' ($4.56 per $1,000), so this is typically not a buyer cost unless negotiated otherwise."

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