Earnest Money: $500-$5000 (often 1000-2000) will need to be deposited to the escrow account within 2-3 days of your accepted offer and gets applied to your closing costs/down payment and is refunded to you should the inspection go poorly, and we want to rescind.
Loan Origination Fee: The lender’s compensation for helping you get a home loan (up to 1% of sale price)
Escrow Fees: This varies but is typically around 1% of the sales price.
Prepaid Insurance: 3 months of homeowner’s and up to first year of flood + 3 months (15 total months).
Prepaid Property Taxes: 3 months’ worth.