In
general, the Buyer usually pays for the following (as applicable):
-
Loan origination fee
-
Loan discount fee
-
Loan processing fee
-
Credit report
-
Appraisal fee
-
Interest on new loan from date of funding to first payment date
-
Mortgage insurance
-
Mortgage insurance reserve
-
Hazard insurance premium
-
Hazard insurance reserve
-
County tax reserve
-
Title insurance
-
Settlement or Closing Fee
-
Title Examination
-
Attorney Fee
-
Recording fees for deed and
loan documents
-
Notary fees
- Pest
and contractor’s inspection fees
-
Prorated county property
taxes
-
Home Warranty Plan (optional)
| In
general, the seller pays for the following
(as applicable):
- Real
estate commission
-
Document preparation fee
-
Attorney Fee
-
Payoff of existing Seller’s loans
-
Any corrective work agreed
to by Seller
-
Judgments, tax liens, etc., owed by Seller
-
Recording fees to clear documents
of record
-
Notary fees for Seller’s recorded documents
-
Any unpaid bonds, assessments
-
Any unpaid homeowner’s dues
-
Prorated country property
taxes
-
Home warranty plan (optional)
|
