so now that we have gone over earnest money and an inspection fee we can discuss the appraisal fee. you may ask what is an appraisal fee and what is it for? well, an appraisal is a written estimate of a properties worth, this appraisal helps lenders to determine the appropriate loan amount. this fee is typically $400. when buying a home it may take many steps but at the end of the closing deal, you get a very rewarding outcome.