Page 26 - Frank_Sellers Book

CLOSING: WHAT IS IT GOING TO COST ME?

What are typical costs?

Sellers commonly pay the following at closing:

SELLER'S BUYER'S

RESPONSIBILITY RESPONSIBILITY

Owner’s Title Insurance Lender’s Title Insurance Policy

Policy

Half of the Escrow Fee Half of the Escrow Fee

Excise Tax Home Inspection

Real Estate Broker First Year Fire Insurance Premium

Commissions
First Year Flood Insurance

Loan Balances Premium (if applicable)

Pro-Rated Property Taxes Pro-Rated Property Taxes

Homeowner’s Association Fees Homeowner’s Association Fees

Pro-Rated HOA Dues Pro-Rated HOA Dues

Miscellaneous HOA Fees Miscellaneous HOA Fees

Recording Fees

Lender Fees; Appraisal, Credit

Report, Loan Origination Fee,

Pre-Paid Interest, Private
Mortgage Insurance