Closing Cost Budget Planning - Monmouth County, NJ

Understanding all costs involved in buying your home

Closing costs often surprise first-time buyers in Monmouth County, NJ. As your homebuyer advocate serving Monmouth County, Ocean County, and Middlesex County, I help you understand and budget for all closing expenses throughout New Jersey. Typical closing costs range from 2-5% of purchase price in markets like Marlboro, Manalapan, Freehold, and Holmdel.

Closing Costs Breakdown - Chris Burns Realtor Monmouth County

💰 Complete Closing Costs Breakdown

Typical costs on a $400,000 home purchase in Monmouth County, NJ

Cost Category Typical Range Your Cost Down Payment (20%) Varies by loan type - 0% to 20%+ 0% - 20%+ of price $80,000 Lender Fees & Origination Processing, underwriting, points 0.5% - 1.5% $4,000 Title Insurance & Escrow One-time protection policy $1,200 - $2,500 $1,800 Appraisal Fee Required by lender $400 - $600 $500 Home Inspection Varies by home size $400 - $700 $550 Attorney Fees (NJ Required) Real estate attorney closing $1,000 - $2,000 $1,500 Recording & Transfer Fees County/state fees $200 - $500 $350 Homeowners Insurance (1 year) First year prepaid $1,200 - $2,000 $1,600 TOTAL CASH NEEDED AT CLOSING: $90,300 Where Your $90,300 Goes Down Payment $80,000 (88.6%) Lender $4K (4.4%) Title/Ins $4.8K Other $1.5K Cost Breakdown Summary Down Payment: $80,000 (88.6%) Lender Fees: $4,000 (4.4%) Title/Insurance: $4,800 (5.3%) Other Fees: $1,500 (1.7%) Total: $90,300 Note: Closing costs (excluding down payment) are $10,300 = 2.6% of purchase price

💡 Costs vary by loan type, location, and lender. Chris Burns provides personalized estimates for YOUR situation!

Loan Origination Fees

Lender charges for processing your Monmouth County mortgage. Typically 0.5-1% of loan amount throughout New Jersey transactions.

Appraisal Fee

Required property appraisal for Monmouth County home. Typically $400-$600 throughout New Jersey markets.

Home Inspection

Professional inspection of Monmouth County property. Typically $400-$700 depending on home size throughout New Jersey.

Title Insurance

Protects against title defects on Monmouth County property. One-time fee based on purchase price throughout New Jersey.

Attorney Fees

Real estate attorney required for Monmouth County closings. Typically $1,000-$2,000 throughout New Jersey transactions.

Recording Fees

County fees to record deed in Monmouth County. Typically $200-$400 throughout New Jersey.

Property Taxes

Prorated property taxes for Monmouth County home. Varies based on closing date throughout New Jersey.

Homeowners Insurance

First year premium for Monmouth County property. Required before closing throughout New Jersey.

HOA Transfer Fees

If applicable for Monmouth County condo or townhome. Varies by community throughout New Jersey.

Get Detailed Closing Cost Estimate for Monmouth County

I'll provide complete breakdown of expected costs for your home purchase in New Jersey.

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