Closing costs are what the buyer and seller will pay as part of the escrow transaction. Some fees are negotiable between the seller and buyer as to “Who Pays What.” Below is an example of some typical closing costs which may vary from county to county.*

Paid By Both Or Either Party

Attorney Fees, Courier/Delivery Fees, Document Preparation
For deed(s) and other legal documents required to consummate the transaction

Escrow Fee
Often split between buyer and seller

Homeowner’s Association (HOA) Dues and Transfer Fees

Notary Fees

Recording Fees
To file legal documents with County Recorder

Property Taxes

Owner’s Title Insurance Premium

Lender’s Title Insurance Premium

Buyer’s Typical Costs

Appraisal
One-time fee for new loan

Credit Report
For loan application

Homeowner’s Insurance
Paid by buyer for fire/hazard insurance

Loan Fees
Origination and processing fees charged by lender

PMI
Some lenders require Private Mortgage Insurance

Prepaid Interest
Prorated depending on time of month the loan closes

Seller’s Typical Costs

Real Estate Commission

Disclosure Report
Natural Hazard Report

Home Warranty, Existing Encumbrances

Property Inspections, Pest Inspection/Correction
Termite report

Transfer Tax
City/County conveyance tax

*This list is only an example of typical closing costs.