8 Home-Buying Fees That You Need To Be Familiar With Before Entering the Real Estate Market

What is that one fee that most people worry about before buying a home for sale in Sandy Springs, GA?

The down payment!

Most mortgage lenders ask for a 3.5% down payment. However, this amount is dependent on your credit score. The higher the credit score, the smaller the down payment will be. If the credit score falls below 600, then the lenders usually require 10% to 20% down payment.

But wait a minute. You were so busy worrying about the down payment that you forgot about the other fees that needed to be paid for the home purchase. Before getting the loan, you will be required to pay eight other major fees to the lender and other key people, who will help you get your dream house.

Following are the fees explained briefly:

1. Appraisal Fee

An appraisal costs around $200 to $425. Think of it as the monetary assurance your mortgage lender needs before giving you the loan. It shows the lender proof that the loan you have asked for matches the value of the house.

2. Home Inspection Fee

The home inspection fee is somewhere between from $300 to $500. One of the biggest home-buying mistakes is letting go of the home inspection. Saving a few hundred dollars will cost you thousands in the future, when you will start discovering all the repairs in the house. Home inspection covers structural issues, leaks and molds. It also assesses the plumbing situation and the condition of the cooling and heating system, water heater, gutters and the roof.

3. Application Fee

An application fee costs around $75 to $300. Before approving the loan, the mortgage lender checks your credit report, the cost of which is included in the application fees. Before moving forward, ask the lender for a fee breakdown, so that you can understand the costs.

4. Lender’s Origination Fee

This fee is calculated according to the amount of the total loan. Usually, the mortgage lender asks for a fee that is 1.5% of the loan. This fee includes charges for the loan application, funding the loan and underwriting the loan.

5. Title Services

Title services fee costs around $150 to $400. A title search shows that the home for sale in Sandy Springs, GA you are thinking to buy is legit and is under the name of the seller, you are purchasing it from. Other fees included in title services include government filing fee, notary fee and more.

6. Survey Costs

The survey report costs around $150 to $400 and gives details about the property’s dimensions, major features and boundaries.

7. Tax Service Fee

The taxation fee service is just $50, which is paid to find out whether the tax payment documents of the house are in order or not.

8. Private Mortgage Insurance

If your down payment for the loan is less than 20%, then the lender asks you to buy private mortgage insurance. This protects the lender in case your house forecloses, before the loan is paid back. The rate for this fee can be anywhere between 0.3% and 1.5% of the original loan amount.

So, there you go… eight fees that need to be paid before the actual monthly payments of the loan starts. When contacting people for these services, make sure to shop around and compare prices. The first thing you need to do is get the home for sale in Sandy Springs, GA evaluated to find out whether it is worth buying or not. Visit America’s Network Realty Group Inc. and get an accurate evaluation from experts.

Homes for sale in Atlanta

Price
Beds
Baths
For Sale / All Types
$288,421
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,802
SQFT
673 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
Price Change - 3 weeks ago
$324,990
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,363
SQFT
7064 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$299,026
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
3,040
SQFT
7057 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$284,994
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,200
SQFT
7044 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$329,990
Single Family Home For Sale
Pending
6
BED
4
TOTAL BATHS
3,363
SQFT
663 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
$310,270
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
3,236
SQFT
7024 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
Price Change - 3 weeks ago
$312,478
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,544
SQFT
7014 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
Price Change - yesterday
$299,990
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,040
SQFT
7007 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 2 weeks online
$289,990
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,635
SQFT
6997 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$4,000,000
Single Family Home For Sale
Active
7
BED
9
TOTAL BATHS
15,159
SQFT
4690 Thompson Road
Atlanta, GA 30349
 
$12,500,000
Single Family Home For Sale
Active
9
BED
14
TOTAL BATHS
26,000
SQFT
4965 Butner Road
Atlanta, GA 30349
 
$310,235
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,443
SQFT
555 Dutchview Drive
Atlanta, GA 30349
WHISPERING WILLOWS Subdivision
Short Sale
$195,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,639
SQFT
432 Hammock Loop
Atlanta, GA 30349
 
$310,500
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
3,033
SQFT
510 Dutchview Drive
Atlanta, GA 30349
WHISPERING WILLOWS Subdivision
$327,527
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
3,077
SQFT
455 Dutchview Drive
Atlanta, GA 30349
WHISPERING WILLOWS Subdivision
$239,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,972
SQFT
400 Dutchview Drive
Atlanta, GA 30349
WHISPERING WILLOWS Subdivision
New Listing - a week online
$261,290
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,260
SQFT
3225 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
New Listing - 4 weeks online
$277,803
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,260
SQFT
3216 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
New Listing - 2 weeks online
$278,990
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,522
SQFT
3220 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
Open House 10/26 at 1PM
$280,508
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,487
SQFT
3200 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$257,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,108
SQFT
3213 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
New Listing - 4 weeks online
$286,258
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
2,487
SQFT
3247 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$271,500
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,487
SQFT
3239 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
New Listing - 4 weeks online
$290,182
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,545
SQFT
3217 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
New Listing - 4 weeks online
$267,389
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,108
SQFT
3251 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
Price Change - 4 weeks ago
$272,803
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,260
SQFT
3204 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
Price Change - 4 weeks ago
$267,389
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,108
SQFT
3243 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
New Listing - a week online
$268,789
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,122
SQFT
7143 Glaspie Way
Atlanta, GA 30349
Kingsland Subdivision
New Listing - a week online
$282,173
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,260
SQFT
7139 Glaspie Way
Atlanta, GA 30349
Kingsland Subdivision
Short Sale
$225,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,676
SQFT
2927 Chilhowee Drive
Atlanta, GA 30331
Legacy at Cascading Creek Subdivision
$245,700
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
2,404
SQFT
3492 Dacite Court
Atlanta, GA 30349
Flat Shoals Manor Subdivision
$162,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,800
SQFT
6690 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$162,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,800
SQFT
6679 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$169,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,000
SQFT
6683 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$167,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,000
SQFT
2205 Creel Road
Atlanta, GA 30349
Heritage Park Subdivision
$174,490
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,217
SQFT
6790 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$162,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,800
SQFT
6742 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$169,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,000
SQFT
6735 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$176,490
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,217
SQFT
6687 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$176,490
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,217
SQFT
2281 Creel Road
Atlanta, GA 30349
Heritage Park Subdivision
$162,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,800
SQFT
2273 Creel Road
Atlanta, GA 30349
Heritage Park Subdivision
$169,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,000
SQFT
2285 Creel Road
Atlanta, GA 30349
Heritage Park Subdivision
$167,990
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,045
SQFT
505 Hererra Street
Atlanta, GA 30349
Heritage Park Subdivision
Price Change - 3 weeks ago
$252,500
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,006
SQFT
4244 Sublime Trail
Atlanta, GA 30349
Pittman Park Subdivision
Price Change - 4 weeks ago
$232,397
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,920
SQFT
5054 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
Price Change - 4 weeks ago
$233,352
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,976
SQFT
5065 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
Price Change - 4 weeks ago
$230,110
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,950
SQFT
5048 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
Price Change - 4 weeks ago
$235,897
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,950
SQFT
5059 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
Price Change - 4 weeks ago
$231,852
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,950
SQFT
5057 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
$236,397
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,976
SQFT
5055 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
New Listing - 5 days online
$235,897
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,950
SQFT
5053 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
$232,586
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,976
SQFT
5035 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
$230,526
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,950
SQFT
5037 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
Short Sale
$115,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
1,912
SQFT
2180 Crossrail Drive
Atlanta, GA 30349
Fairfield Square Subdivision
New Listing - 3 weeks online
$178,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,896
SQFT
6061 Hemperly Road
Atlanta, GA 30349
MORNING CRK Subdivision
Short Sale
$135,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,660
SQFT
4765 Buckeye Place
Atlanta, GA 30349
Creekside Subdivision
$299,900
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,046
SQFT
4307 Bellwood Circle
Atlanta, GA 30349
Stonewall Manor Subdivision
$329,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,759
SQFT
4288 Bellwood Circle
Atlanta, GA 30349
Stonewall Manor Subdivision
$224,775
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
1,862
SQFT
862 Blue Hill Lane
Atlanta, GA 30349
Riggins Ridge Subdivision
Short Sale
$160,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,808
SQFT
3027 Sable Run Road
Atlanta, GA 30349
SABLE CHASE Subdivision