Closing Cost Guide

Seller can generally expect to pay for:

v     Owner’s title insurance premiums

v   Real estate commission

v   ½ of the escrow fee

v   Any loan fees required by buyer’s lender (according to contract)

v   Payoff of all loans

v   Interest accrued to lender being paid off, statement fees, reconveyance fees and any prepayment penalties

v   Termite work (according to contract)

v   Home warranty (according to contract)

v   Any judgments, tax liens, etc. against the seller

v   Recording charges to clear all documents of record against seller

v   Tax proration (for any taxes unpaid at the time of transfer of title)

v   Any unpaid homeowner’s association dues

v   Any bonds or assessments (according to contract)

v   Any and all delinquent taxes

Buyer can generally expect to pay for:

v        Lender’s title policy premiums

v    ½ of the escrow fee

v    Document preparation (if applicable)

v    Notary fees (if applicable)

v    Homeowners’ association transfer fee

v    All new loan charges (except those required by lender for seller to pay)

v    Interest on new loan from date of funding to 30 days prior to first payment
   date

v    Home warranty (according to contract)

v    Fire insurance premium for first year

v    All pre-paids

v    Termite inspection if placed in escrow by the buyer, cost is negotiable.