What Are the Closing Costs When Buying a Home in Gilbert Arizona?

When buying a home in Gilbert Arizona, you can expect the following expenses:

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*Earnest deposit (usually 1% of purchase price).
*Down payment – percentage will depend on loan program
*City/county taxes (prorated).
*Homeowner’s insurance
*Flood insurance (if in flood zone)
*Escrow fee
*Lender title policy
*Recording charges
*Email loan documents
*Home warranty (optional)
*HOA – 2 months upfront
*HOA Transfer fee
*HOA Disclosure fee
*HOA Working Capital Fee
*Property taxes (prorated)
*Termite inspection
*Home inspection

If financing, lender fees can include; origination charge, points for interest rate, appraisal fee, credit report fee, flood certification, daily interest, reserves, etc…(check with your lender).

The actual costs of the items listed above will depend on the price of the property you are purchasing.


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