Closing Costs (Who pays what?)

CUSTOMARY BUYER COSTSLong 9 Color Flag22Title insurance premium for lender and buyer

Escrow fee

Notary fees

All new loan charges (points, appraisal, document processing fees, etc…

Interest on new loan from date of funding to 30 days prior to fist payment date. Homeowner’s insurance

Private mortgage insurance (typically 2 months) if required by lender.

Property tax impound account, if required by lender

Move in fee (for condominiums)

HOA account transfer fee

Miscellaneous charges

CUSTOMARY SELLER COSTS

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Real Estate Commission

Document preparation for deed

Documentary transfer tax

Payoff of all loans against the property

Interest accrued on loans being paid off

Re-conveyance fees and pre-payment penalties

Home warranty if specified in contract

Any judgement of tax liens against seller

Property tax proration

Unpaid and prorated HOA dues

Bonds of assessments

Delinquent taxes

Move out fees (for condominiums)

Notary fees and recordation fees

Miscellaneous charges

Underground storage tank report

Pre-sale pest inspection

Third party Natural Hazard Disclosure Statement & Florida Tax Disclosure Report

Pre-sale pest inspection

Underground storage tank report

Miscellaneous charges

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Beverly Feingold, Broker Associate  

917-209-2384   BeverlyFeingoldHomes@gmail.com

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