What are examples of escrow fees?

The escrow officer, who oversees the disbursement of funds during the closing process, may also charge a flat fee for their services in addition to the percentage-based escrow fee.

Escrow fees are a standard part of the home buying process, with the average cost ranging from 1% to 2% of the purchase price. For instance, when purchasing a home priced at $200,000, one can expect to pay between $2,000 and $4,000 in escrow fees.

The specific amount of these fees can vary depending on several factors, including the location of the property, the complexity of the transaction, and the policies of the escrow company involved.

It's important to note that these fees are separate from other closing costs associated with buying a home, such as real estate agent commissions, property taxes, and title insurance.

This flat fee is typically a set amount and can vary depending on the escrow company and the location of the transaction.