| While each purchase of property in Palm Springs is unique the following are the costs that the buyer typically pays in a transaction. For this transaction we will use $336,500 as the purchase price.
Title Insurance (ALTA Loan Policy) $407.00
Escrow loan Tie-in fee $150.00
Escrow fee $874.00
Notary fees 25.00
Recording fees 34.00
Home inspection $275.00
Fire insurance $400.00
Loan fees vary by lender
Property taxes, HOA fees and land lease fees are prorated based on the date the sale is recorded. Property taxes are about 1.3% of the purchase price, on this property that would be $4375.00 per year.
The home warranty is usually paid by the seller, but is actually determined by how the purchase agreement is negotiated. |
