Closing Costs Guide

The SELLER can generally expect to pay for:

• Owner's title insurance premiums
  
• Real estate commission
  
• 1/2 of the escrow fee (except VA)*
  
• Any loan fees required by buyer's lender (according to contract)
  
• Payoff of all loans
  
• Interest accrued to lender being paid off, statement fees, reconveyance fees and any prepayment penalties
  
• Termite work (according to contract)**
  
• Home warranty (according to contract)
  
• Any judgments, tax liens, etc., against the seller
  
• Recording charges to clear all documents of record against seller
  
• Tax proration (for any taxes unpaid at time of transfer of title)
  
• Any unpaid homeowners' association dues
  
• Any bonds or assessments (according to contract)
• Any and all delinquent taxes
  

The BUYER can generally expect to pay for:

• Lender's title policy premiums
  
• 1/2 of the escrow fee (except VA)*
  
• Document preparation (if applicable)
  
• Notary fees (if applicable)
  
• Recording charges for all documents in buyers' names
  
• Homeowners' association 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 date
  
• Home warranty (according to contract)
  
• Fire insurance premium for first year
  
• All pre-paids

* On VA loans, the entire escrow fee must be paid by the SELLER.

** Termite inspection is placed in escrow by the BUYER but the cost is
negotiable.

This list is not necessarily all-inclusive and all the services for which payment may be allowable or non-allowable may not be identified.