|
The Closing
Process |
|
Contract to Closing
|
The HUD
|
Prorations
|
Why Title
Insurance |
Title
Commitment |
Buyer's Closing Cost |
|
|
|
Seller's Estimated Closing Costs
(Click Here to Print PDF) |
|
Seller's Charges |
Conventional |
VA |
FHA |
Assumption |
Cash |
|
Attorney's Fees |
150 |
275-325 |
150 |
115 |
140-150 |
|
Commission |
Per Contract |
Per Contract |
Per Contract |
Per Contract |
Per Contract |
|
Discount Points |
Per Contract |
Per Contract |
Per Contract |
Per Contract |
Per Contract |
|
Closing Fee |
250 |
500 |
250 |
250 |
250 |
|
Homeowner's Assoc.Fee |
Per Contract |
Per Contract |
Per Contract |
Per Contract |
Per Contract |
|
Owner's Title
Policy |
Promulgated Rate |
Promulgated Rate |
Promulgated Rate |
Promulgated Rate |
Promulgated Rate |
|
Recording
Fee |
24-52 |
24-52 |
24-52 |
24-52 |
24-52 |
|
Repairs |
Actual Cost |
Actual Cost |
Actual Cost |
Actual Cost |
Actual Cost |
|
Fed Ex/Courier Fee |
20 |
40 |
0 |
20 |
20 |
|
Tax Certificates |
45 |
45 |
45 |
45 |
45 |
|
Tax Service Fee |
N/A |
115 |
115 |
N/A |
N/A |
|
Tax Prorations |
From Jan. 1 to closing |
From Jan. 1 to closing |
From Jan. 1 to closing |
From Jan. 1 to closing |
From Jan. 1 to closing |
|
Termite Inspection Fee |
0 |
75 |
0 |
0 |
0 |
|
Underwriting Fee |
0 |
375 |
0 |
0 |
0 |
|
Flood Certificate |
0 |
20 |
0 |
0 |
0 |
|
Home Warranty |
350-450 |
350-450 |
350-450 |
350-450 |
350-450 |
|
Payoff |
------------- principle balance plus interest
through payoff date ------------- |
|
Buyer's Loan Fees |
Per Contract |
Per Contract |
Per Contract |
Per Contract |
Per Contract |
|
|
*A veteran may not pay attorney fees, escrow
fees, past inspection fee, processing or underwriting fee, courier fee, or
tax service fee if the veteran is paying a 1% origination fee. These
estimates are subject to change. Please contact your lender for
actual charges. |
|
Prorated Items |
Monthly HOA
credit to EOM |
Per Property |
Per Property |
Per Property |
Per Property |
Per Property |
Payoff through
Payoff Date |
See #1 Below |
See #1 Below |
See #1 Below |
N/A |
See #1 Below |
|
Property Tax through Closing Date |
Per Assessment |
Per Assessment |
Per Assessment |
Per Assessment |
Per Assessment |
|
#1) "Payoff through Payoff Date"
includes principal balance plus interest through payoff date. |
|
NOTE:
Seller's escrow account was not considered in the above. |
|
The above charges are estimates
only and are subject to change without notice! |