Your Customary Guide to Closing Costs

Seller
  • Owners Title Insurance Policy

  • Real Estate Commission

  • 1/2 Escrow Fee

  • Escrow Fee for New VA Loan

  • Payoff Loans of Record and Required Fees

  • 1/2 Homeowners Association Transfer Fees

  • Homeowner Association Inspection Fees

  • Home Warranty

  • Judgment Lien(s), Tax Lien(s), etc.

  • Recording Charged to Clear Title

  • 1/2 Assumption/Change Records Fees for Assumptions

  • Prorations for Unpaid Items

  • Unpaid Association Dues, Mortgage Payments, Accrued Property Taxes, etc.

Buyer
  • Lenders Title Insurance Policy

  • 1/2 Escrow Fee (except on VA)

  • Recording Charges for Deed and New Loan Security Instruments

  • 1/2 Homeowners Association Transfer Fees

  • All New Loan Charges, except those required of the seller, including Interest from day of funding to first of next month

  • Termite Inspection

  • 1.2 Assumption/Charge Records Fees for Assumptions

  • Prorations for Prepaid Items

  • Next Association Dues, Mortgage Payment, etc.

  • Settlement Charges including Property Insurance (fire and extended coverage)

  • 14 Months of Property Insurance

  • Appraisal Fee: By Agreement

Various fees charged by a lender for a new loan may be negotiated unless mandated by government regulations. Please check with your Incredible Real Estate Agent and/or loan officer for clarification.

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