Buying or Selling Costs
Whether you are buying or selling property, it is important to consider all the different associated costs. These online calculators allows you to work out an estimate of what your overall transaction costs will be.
Buying Costs
Property Selling Costs
How to work out your repayments
Government Charges
When purchasing a property you will have to pay Stamp Duty and a Transfer Fee. If you arrange a loan to purchase the property then there will also be a Mortgage Registration Fee.
When selling a property, if it is being used as security for a home loan you will have to pay a Mortgage Discharge Fee.
Lender Fees
Depending on the lender and type of loan you may have to pay a loan application fee and a legal fee. Some lenders only have one fee and some loan products will have no fees.
If the size of the loan to the value of the property (LVR) is over 80% you will have to pay Lenders Mortgage Insurance (LMI)
When selling there is a Lender’s Settlement Fee for discharging your loan and if you have a fixed rate home loan your lender could charge you a break fee or Early Exit Fee.
Real Estate Agent Costs
Real Estate Agents charge certain fee’s for acting on your behalf when selling your property. Depending on the Agent they could charge you a percentage (%) of the sale price or a fixed fee commission. There are also advertising costs and auction costs (if you go to auction) which you should take into account.
Other Costs
There are a number of other costs which you need to take into account when you either buy or sell a property.
When buying these include, Conveyancing Costs, Building and Pest Inspections, Moving Expenses, Utilities and Rates.
When selling these include Conveyancing Costs, Moving Expenses and Settling up outstanding utility bills.
Contact Us
Call
(07) 3911 1190
Postal Address
PO Box 374
Sunnybank QLD 4109