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CLOSING COSTS ITEMIZED

November 15, 2017

Customary fees associated with a real estate transaction and the party that typically pays these fees, although in real estate everything is negotiable!

Transactions and customary fees vary by market trends, cash or loan buyers...

 

 

SELLER'S RESPONSIBILITY

 

  • Owner's Title Insurance Policy*

  • Half of the Escrow Fee* (negotiable)

  • Excise Tax*

  • Real estate Brokers Commissions*

  • Loan Balances (if any)

  • Pro-rated Property Taxes

  • Current Utility Balances

  • Homeowner's Association Fees (condominiums only)

  • Pro-rated HOA Dues & Miscellaneous HOA Fees (as above)

 

BUYER'S RESPONSIBILITIES

 

  • Lender's Title Insurance Policy*

  • Half of the Escrow Fee*

  • Home Inspection

  • Recording Fees

  • First Year Fire Insurance Premium

  • First Year Flood Insurance Premium (if applicable)

  • Pro-rated Property Taxes

  • Survey fee (if required)

  • Homeowner's Association Fees (where applicable)

  • Pro-rated HOA Dues & Miscellaneous HOA Fees

  • Lender fees

  • Appraisal

  • Credit report

  • Loan Origination Fee

  • Pre-Paid Interest

  • Private Mortgage Insurance (for lower down payment)

*Actual fees determined by Sales Price and/or Loan Amount

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