Guide to Closing Costs - Who Pays What...

Guide to Closing Costs Although most costs involved in a real estate transaction can be negotiated between buyer and seller, there are a lot of costs that are traditionally paid by one party or the other. We have set forth below a list of these charges:

The Seller can be expected to pay:	The Buyer can pay:
Owner’s policy of title insurance	Lenders policy of title insurance
Homeowners association fees	Endorsement fees for title insurance
Real estate commissions	Escrow fees (50%)
Escrow fees (50%)	Impounds and interest on new loan
Payoff all existing loans, liens and encumbrances, including all associated costs and fees	All new loan charges (including appraisal, origination and discount fees, document preparation, etc…).
Termite work	Termite inspection fee
Taxes due and payable or back taxes	Hazard insurance premium for first year
Recording fee (50%)	Delivery fees
Delivery fees	Homeowners association dues required by the association for future months
	Recording fee (50%)