Closing costs are part of the home buying process. As long as you know what to expect, there shouldn’t be any surprises, and transactions go map to real pro systems

For help with figuring out what your closing costs might be, just call or email. The team at Green Light Real Estate can work up an accurate estimate for you, so you’ll have a good idea as to what the costs will be.

Want more tips for buying real estate in Montpelier and Barre?

As a summary, here’s an extensive list of closing costs for purchasing real estate in Vermont. Not all of these apply to each transaction. Again, call or email for more detailed explanations.

A really rough ballpark is that if you're a BUYER using a low down payment loan, such as FHA, VA, or Rural Development, you can plan on closing costs being between 3% and 5% of the purchase price. If you're buying without using a mortgage, then your closing costs go down dramatically. Not to zero, unfortunately, but closer to 2% of the purchase price. Again, these are ROUGH estimates, and there are many variables that go into figuring closing costs. At Green Light Real Estate we can walk you through a personalized and detailed breakdown so you don't have any surprises.

  1. Down payment
  2. Loan origination fees and/or points
  3. Appraisal fee
  4. Credit report
  5. Flood certification
  6. Private mortgage insurance (PMI)
  7. Homeowner’s insurance premium paid in advance
  8. Property taxes paid in advance
  9. Buyer attorney fees
  10. Recording fees
  11. Mortgage title insurance policy
  12. Owner’s title insurance policy
  13. Mortgage interest pro-ration
  14. Fuel pro-ration
  15. Utility pro-ration
  16. Property Transfer Tax
  17. Property inspection
  18. Water test
  19. Radon test
  20. Septic inspection
  21. Non-covered requested repairs prior to move-in
  22. Non-covered immediate repairs after move-in