Closing Costs
Buyers Pay
- Document Recording Fees
- Document Preparation Fees
- Tax Proration Fees From Date of Purchase
- Escrow Fee
- Home and Pest Inspection Fees
- Title Insurance
- Notary Fees
- Abstract or Title Search
- Title examination
- Title Insurance Binder
Items Payable in Connection with Loan
- Loan Origination Fee
- Loan Discount Fee
- Appraisal Fee
- Credit Report Fee
- Lender's Inspection Fee
- Mortgage Insurance Application Fee to
- Assumption Fee
- Mortgage Broker Fee
- Tax Service Fee
- Flood Certification Fee
- Flood Monitoring
- Other Lender Fees
- Document Preparation Fee
- Underwriting Fee
- Administration Fee
- Appraisal Review Fee
- Warehousing Fee
Items Required to be Paid in Advance
- Prepaid Interest
- Mortgage Insurance Premium
- Hazard Insurance Premium
- VA Funding Fee
Reserves Deposited with Lender
- Hazard Insurance Impounds
- Mortgage Insurance Impounds
- City Property Taxes
- County Property Taxes
- Annual Assessments
Sellers Pay
- Real Estate Commission
- City and County Transfer Tax
- Any loan fees required by buyer's lender
- Payoff of all loans in seller's name
- Interest accrued to lender being paid off
- Statement Fees, Reconveyance Fees and any Loan Prepayment Penalties
- Judgements, Tax Liens, etc., against the seller and recording charges to clear record.
- Tax Proration (for any unpaid taxes up to time of transfer of title)
- Unpaid Homeowner's Dues
- Homeowner's Association Document Fee
- Delinquent Taxes
- Notary Fees
- Repairs according to contract
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