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what are buyers closing cost in Berks county,pa

Ist time home buyer with 25% down on a home priced at 155000.00
credit score 750
  • May 11 2013 - Sinking Spring
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Answers (2)

If the property is located in the city of Reading the local transfer tax will be substantially higher, I believe 4%.
  • June 05 2013
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You have the basic closing costs

1. Appraisal- $350-400
2. Lender Fees- Negotiable but should be no more than $1000
3. Title insurance and ancillary fees- About $1600
4. Recording - About $200
5. Transfer Tax- $1550 (1% of sales price)
6. 1 year Homeowners insurance
7. Escrows- 3 months of homeowners insurance, 12 months worth of taxes (this includes the reimbursement to the seller for taxes they have paid
8. Per diem interest.  Depends on the day you close.  Should not be more that $500.


I think that covers everything.  You lender should have spelled all of this out for you already.  Besides the lender fees, all of these items are what they are no matter who your lender is.  Feel free to contact me through my profile with any questions and/or a 2nd opinion
  • May 11 2013
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