Closing Costs

There are a number of closing costs that the buyer and the seller need to consider. Below are the typical closing costs that are paid by each party in our county, however, sometimes these are paid by the other party (as defined by the contract):

Buyer Responsibility Seller Responsibility
Half of escrow Half of escrow
Document preparation fees per the lender Title Insurance Premium
Pro-rated property taxes from closing date Excise Tax (based on county percentage)
Homeowners Insurance Pro-rated Unpaid property taxes
Inspection fee Pro-rated Unpaid utilities
Appraisal fee Pro-rated Unpaid homeowner association dues
Mortgage interest from loan date to first payment Unpaid assessments
  Any outstanding liens and judgements
  Real estate commission