Closing Costs Chart
This Chart Indicates Who Customarily Pays What Costs                           CASH                CTM                 FHA                   VA                 CONV
Downpayment
Buyer
Buyer
Buyer
Buyer
Buyer
Termite (Wood Infestation)
 
 
 
Seller
 
Property Inspection (If requested by buyer)
Buyer
Buyer
Buyer
Buyer
Buyer
Property Repairs, if any (Negotiable)
Seller
Seller
Seller
Seller
Seller
New Loan Origination Fee (Negotiable)
 
 
Buyer
Buyer
Buyer
Discount Points
 
 
Buyer
Seller
Buyer
Document Preparation Fee (Negotiable)
 
 
Seller
Seller
Buyer
Credit Report
 
Buyer
Buyer
Buyer
Buyer
Appraisal or Extension Fee (Negotiable)
 
 
Buyer
Buyer
Buyer
Interest Proration on Seller's Existing Loan
 
Seller
 
 
 
Existing Loan Payoff
Seller
 
Seller
Seller
Seller
Loan Prepayment Penalty (If any)
Seller
 
Seller
Seller
Seller
Next Month's PITI payment
 
Buyer
Buyer
Buyer
Buyer
Prepaid Interest (Approx. 30 days)
 
 
Buyer
Buyer
Buyer
Mortgage Transfer Fee
 
Split
 
 
 
Reserve Account Balance
 
Prorate
Prorate
Prorate
Prorate
FHA, MIP, VA Funding Fee, PMI Premium
 
Prorate
Buyer
Buyer
Buyer
Assessments payoff or proration (sewer, paving etc)
Seller
Seller
 
 
Seller
Taxes
Prorate
Prorate
Prorate
Prorate
Prorate
Tax Impounds
 
 
Buyer
Buyer
Buyer
Tax Service Contract
 
 
Seller
Seller
Seller
Fire / Hazard Insurance
Buyer
Buyer
Buyer
Buyer
Buyer
Flood Insurance
 
 
Buyer
Buyer
Buyer
Homeowners Association (HOA) Transfer fee
Split
Split
Split
Seller
Split
HOA / Disclosure Fee
Seller
Seller
Seller
Seller
Seller
Current HOA Payment
Prorate
Prorate
Prorate
Prorate
Prorate
Next Month's HOA Payment
Buyer
Buyer
Buyer
Buyer
Buyer
Home Warranty Premium (Negotiable)
 
 
 
 
 
Realtor's Commissions
Seller
Seller
Seller
Seller
Seller
Lenders Title Policy and Endorsements
 
 
Buyer
Buyer
Buyer
Account Servicing Setup Fee (Negotiable)
 
Split
 
 
 
Escrow Fee
Split
Split
Split
Seller
Split
Recording Fees
Split
Split
Split
Split
Split
Courier / Express Mail Fees
Split
Split
Split
Seller
Split
Wire Fees
Split
Split
Split
Seller
Split
E-mail Loan Documents
 
 
Buyer
Seller
Buyer