Typical Closing Costs in Alameda County

A Guide to What the Buyer Generally Pays For To Purchase a Home in Alameda County, California.

  • Title insurance policy premium for buyer and lender if there is a loan.
  • Escrow fee.
  • Notary fee.
  • Property tax proration (from date of acquisition)... this figure is based on the purchase price and date of closing.
  • Special delivery/courier fees if applicable.
  • Document recording charges.
  • Homeowners’ association transfer fee and pro rated dues where applicable.
  • 50% of City Transfer Tax which averages $7.50 per $1,000 of purchase price: some cities are less.
  • Home Warranty according to contract.
  • Inspection fees according to contract (termite, roof, property, geological, etc.).
  • Matters of record against the buyer (tax liens, judgements, etc.) and fees required to clear them.
  • Fire insurance premium for first year.  You must have this before closing. 
  • For a Farmers Insurance quote :  Teresa Chan, Farmers Agent
  • Assumption/change of record fee, for takeover of existing loan if applicable.
  • Lender’s new loan charges:
  • Interest on new loan from date of funding to 30 days prior to first payment date.
  • Other prorations (rents’ insurance, etc.) as applicable.

           Undetermined:

           Sewer Later Compliance.... must be certified before close of escrow.  Often times the seller will repair or replace and provide a certificate of compliance.  This cost starts at $6,000 so make sure your offer is clear about payment for this if the property is not already in compliance.  

          RECO  - In the City of Berkeley only and is required before transfer of title or closing.

Purchase with Cash :     Title Ins:      Escrow Fee    Recording,courier,  etc      50% of City Transfer tax     


    $300,000                   $1,200             $700              $100 - $300 normally         $2,250.                           
 
    $500,000                  $1,600             $900              $100 - $300 normally         $3,750.
 
    $800,000                  $2,100             $1,200            $100 - $300 normally          $6,000.

   $1,000,000                 $2,500           $1,400            $100 - $300 normally         $7,500

   $1,500,000                 $3,200           $1,600             $100 - $300 normally        $11,250.   

 

Purchase with Loan :     Title Ins:      Escrow Fee    Recording,courier,  etc      50% of City Transfer tax    

    $300,000                  $1,700             $900              $100 - $300 normally         $2,250.                           
 
    $500,000                  $2,200             $900              $100 - $300 normally         $3,750.
 
    $800,000                  $2,800             $1,200            $100 - $300 normally          $6,000.

   $1,000,000                $3,400            $1,400             $100 - $300 normally         $7,500

   $1,500,000                $4,400            $1,600             $100 - $300 normally        $11,250.   

 

 

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