Closing Costs Breakdown
Here are the costs that you can expect to pay at closing out of your proceeds:
Fee/Service | Typical Cost |
---|---|
Commission | Varies! |
Attorney Fee | $800 – $1000 |
Title Policy | $3,000 |
Title Fees | $400 |
Water Certification | $150 |
State Transfer Tax | $1.00 per $1,000 |
Municipal Transfer Tax (varies based on municipality, this is for Cook County) | $3.00 per $1,000 |
City Transfer Tax (varies based on city, this is for Chicago) | $0.50 per $1,000 |
Tax Proration | 105 – 110% of last tax bill |
Association Fees | $0 – $500 |
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