Closing Costs the Buyer Generally Pays

Lenders title policy premium, if new loan.

• Escrow fee, one half (except Seller pays all on VA).

• Half of recording charges.

• Homeowners Association transfer fee, one half.

• All new loan charges (except those lender requires Seller to pay).

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

• Assumption/change of records fees for takeover of existing loan.

• Beneficiary statement fee for assumption of existing loan.

• Home warranty premium per contract.

• Hazard insurance premium for first year.

• All prepaid items, such as interest, or funds for an escrow account.

• Courier fees if applicable.

• Professional home inspection.

Closing Costs the Seller Generally Pays:

Owner’s title insurance premium.

• Realtor®’s commission.

• Escrow fee, one half (except Seller pays all on VA).

• Any loan fees required by Buyer’s lender, i.e., FHA, VA.

• All loans in Seller’s name (unless Buyer assumes existing loan).

• Interest accrued on loan being paid off, statement fees, recoveyance fees, prepayment penalties.

• Home warranty premium per contract.

• Homeowners Association transfer fee, one half.

• Homeowners Association Disclosure Fee.

• Any unpaid Homeowners Association dues.

• Any judgements, tax liens, etc., against Seller.

• Half of recording charges.

• Property taxes: pro-rated to the date the title is transferred plus any delinquent taxes

• Any bonds or assessments per contract..

• Courier fee if applicable.

• Any repairs per contract.