There are a number of closing costs that the buyer and the seller need to consider. Below are the typical closing costs that are paid by each party in our county, however, sometimes these are paid by the other party (as defined by the contract):

Buyer Responsibility

Half of escrow

Document preparation fees per the lender

Pro-rated property taxes from closing date

Homeowners Insurance Pro-rated

Inspection fee Pro-rated

Appraisal fee Pro-rated

Mortgage interest from loan date to first payment


Seller Responsibility

Half of escrow

Title Insurance Premium

Excise Tax (based on county percentage)

Unpaid property taxes

Unpaid utilities

Unpaid homeowner association dues

Unpaid assessments

Any outstanding liens and judgments

Real estate commission