WORKSHEET
Track Closing Costs
Be prepared and know who’s responsible for the variety of fees and expenses at the closing table.
BUYER COST | SELLER COST | OTHER | |
Down payment | |||
Loan origination | |||
Points paid to receive a lower interest rate | |||
Home inspection | |||
Appraisal | |||
Credit report | |||
Mortgage insurance premium | |||
Escrow for homeowner’s insurance (if paid as part of the mortgage*) |
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Property tax escrow
(if paid as part of the mortgage*) |
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Deed recording | |||
Title insurance policy premiums | |||
Land survey | |||
Notary fees | |||
Home Warranty | |||
Proration** for your share of costs
(such as utility bills and property taxes) |
*Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay the insurance or taxes for you.
** Because such costs are usually paid on either a monthly or a yearly basis, you might have to pay a bill for services used by the sellers before they moved. Proration is a way to even out bills sellers may have paid in advance, or that you may later pay for services they used.