Who Pays for What?

Who Pays for What?Download PDF

Typical Seller Costs 

  • Loan payoff
  • Real estate commissions
  • Owner’s title policy premium
  • Current year real estate tax proration (per contract)
  • Prior year’s outstanding property taxes
  • Tax certificate
  • Record release of existing lien
  • Attorney document preparation fees
  • 1/2 Escrow fees
  • Guaranty fees
  • Homeowners’ association fees
  • Any other costs specified in the contract

Typical Buyer Costs

  • Loan title policy and endorsements
  • Record warranty deed
  • Record deed of trust
  • Guaranty fee
  • Homeowners’ association fees
  • Inspection cost
  • Courier fee
  • 1/2 Escrow fees
  • Any other costs specified in the contract

Typical Lender Fees- Paid by Borrower

  • Loan origination and/or discount fee
  • Hazard insurance and tax escrow
  • Credit report
  • Lender document preparation
  • Mortgage insurance premium
  • Appraisal fees
  • Flood certification
  • Tax service fee
  • Miscellaneous loan fees

Items Negotiated Under Contract

  • Homeowners’ association transfer fee
  • Termite inspection
  • Home warranty
  • Survey 

See PDF for further information