Real Estate Closing Costs:

1) Purchase Contract: $300 USD, done before the closing to set the transaction
    terms
2) Attorney Fee:  Approximately 1.25% of Purchase Price
3) Title Insurance (Optional but Recommended):  $1,000 USD or 1.5% of the  
    insured sum up to $500,000 USD then .75% of the insured sum above $500,000
    USD
4) Property Transfer Taxes (If applicable):  Approximately 2.5% of purchase price