Some Typical Closing Costs

Title Insurance Premium

Fee paid by an individual to insure the buyer has a marketable title and the lender is in lien position.

Real Estate Commission

Fee paid to real estate broker for services rendered in listing, showing, selling and consummating the transfer of the property.

Transfer / Assumption Charges

Fee charged by the lender to allow a new purchaser to assume the existing loan. Recording fees are assessed by the County Recorder's Office to record document of a real estate transaction.

Loan Fees

Fees charged by an escrow agent for services rendered in preparing documents and collecting / disbursing funds necessary to consummate a real estate transaction.

Additional Settlement Charges

Taxes, insurance, impounds and interest prorations, termite inspection fee, home warranty, Homeowners Association Transfer, etc.