At Close of Escrow, who pays for what?

Posted by Alex Narodny on Thursday, April 12th, 2018 at 1:34pm

Although “closing costs” vary from county to county all across the US, here is a helpful tool that will set your expectations properly on who pays for what at close of escrow:

SELLER can generally expect to pay:

BUYER can generally expect to pay:

Real Estate Commission

Title Insurance for Lender’s policy

Document transfer tax

Escrow Fee

Payoff of all loans and debt in Seller’s name

Buyer Notary fees

Interest accrued to lender being paid off

Recording charges for all documents in Buyer’s name

Home Warranty if applicable

All new loan charges

Tax Proration (for any taxes unpaid at time of transfer of title)

Tax proration (from date of acquisition)

Any judgments, tax liens, etc. against the seller

Interest on new loan from date of funding to 30 Days prior to first payment date

Any unpaid HOA dues

Beneficiary statement fee for assumption of existing loan

Any and all delinquent taxes

Any applicable inspection fees/reimbursements

Seller Notary fees

Fire insurance premium for first year

HOA Transfer fees


City Transfer Tax if applicable

Alex Narodny

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