Guide to Closing Costs



Sellers Pay

• Real Estate Commission
• Document Preparation Fee for Deed
• Document Transfer Tax ($1.10 per $1,000 sales price)
• Any loan fees required by buyer's lender
• Payoff of all loans in seller's name (or existing loan balance if being assumed by buyer)
• 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

• Recording charges for all documents in buyer's name
• Tax Proration (from date of acquisition)
• Homeowner's Transfer Fee
• All new loan charges (except those required by lender for seller to pay)
• Interest on new loan from date of funding to 30 days prior to first payment
• Assumption/Change or Records Fees for takeover of existing loan
• Beneficiary Statement Fee for assumption of existing loan
• Inspection Fees (property inspection, roof inspection, etc.)
• Fire Insurance Premium for first year
• Notary Fees

Seller or Buyer Pays According to Contract and County Any City Transfer/Conveyance Tax Termite Inspection and work Home Warranty Any Bonds or Assessments Title Insurance Premiums Escrow Fee