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 |
____________ |
____________ |
____________ |
|
Property tax escrow (if paid as part of the mortgage*) |
____________ |
____________ |
____________ |
|
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.
Coldwell Banker Residential Real Estate
(239) 244-1495
Homes@CBCapeCoral.Com
1631 Del Prado Blvd S #410