Closing Costs

Typical Buyer Costs

Typical Seller Costs

Loan Financing

Title Insurance

  • Credit Reporting
  • Owner's Title Insurance Premium
  • Appraisal
  • Title Search
  • Lender Fees
  • Title Examination
  • Document Preparation Fee
  • Closing Fee
  • Prepaid Interest, if applicable
  • Shipping and Handling Fee
  • Prepaid Tax and Insurance Escrows

Satisfaction of Existing Liens

  • FHA or VA Fees, if applicable
  • Mortages
  • Assumption Fees, if applicable
  • Judgements

Title Insurance

  • Federal Tax Liens
  • Lender's Title Insurance Premium
  • Outstanding Assessments
  • Endorsements

Real Estate Commission

  • Closing Fee

Tax Proration

  • Shipping and Handling Fee

Proration of Interest on Assumed Mortgage

Pest Inspection

FHA or VA Service Charge

Survey

Documentary Stamps on Deed

Homeowner Hazard

Recording Fees

Insurance

Prorated Association or Condominium Fees

Documentary Stamps on Mortgage

Intangible Tax

Recording of Deed and Mortgage