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