Closing Costs

Closing costs are paid by both the Buyer and the Seller in a transaction. Some of the fees may be assigned or negotiated within the Real Estate contract.


“Typical” Costs a Seller May Pay:

  • Real Estate Commission
  • Real Estate Office Administrative Fee (their own)
  • Escrow Fee (their own)
  • Escrow Document (Preparation of Deed / Order Demand / Order HOA)
  • Notary Fee
  • Owner’s Title Insurance (CLTA)
  • Sub-Escrow Fee (their own portion)
  • Overnight Delivery / Wire Fee for Payoffs or Proceeds
  • Documentary Transfer Tax ($1.10 per Thousand – most Counties)
  • City Transfer Tax if applicable
  • Payoff All Loans, Judgments, Tax Liens, etc… in Seller’s Name (against property)
  • Recording Fees to Clear All Liens of Record Against Seller (property)
  • Termite Report
  • Section 1 Termite Work
  • Home Protection Plan
  • Pro-Rations: Tax and HOA Dues – For Any Unpaid Taxes / Dues at the Time of Close
  • Any and All Delinquent Property Taxes
  • HOA Management Company Transfer Fee
  • HOA Management Company Document / Minutes Fee
  • City Records Search Report
  • Property Disclosures

“Typical” Costs a Buyer May Pay:

  • Real Estate Office Administrative Fee (their own)
  • Escrow Fee (their own portion)
  • LoanTie-In Fee / Document Handling Fee (if obtaining a loan to purchase)
  • Notary Fee
  • LendersTitle Insurance (ALTA) – (if obtaining a loan to purchase)
  • Sub-Escrow Fee (their own portion)
  • Overnight Delivery (if applicable – loan docs returned to lender)
  • Recording Fees for All Documents in Buyer’s Name (Trust Deeds)
  • Pro-rations:Tax and HOA Dues – from Date of Purchase
  • First Year Fire / Hazard Insurance PremiumThrough Escrow
  • Physical Inspection (usually paid outside of Escrow)
  • All Loan Charges (as listed below)

Buyer’s “Typical” Lender Fees:

  • Credit Report
  • Appraisal
  • Origination Fee (points)
  • Document Prep Fee
  • Tax Service
  • Flood Certification
  • Processing Fee
  • Underwriting Fee
  • Funding Fee
  • ReviewAppraisal Fee
  • **Pre-Paid interest / impounds** Pre-paid interest on new loan from the date of funding to 30 days prior to 1st payment date.