1. Downpayment BUYER
2. Termite (Wood Infestation) Inspection (negotiable except on VA) SELLER
3. Property Inspection (if requested by Buyer) BUYER
4. Property Repairs, if any (negotiable) SELLER
5. New Loan Origination Fee (negotiable) BUYER
6. Discount Points (negotiable) BUYER
7. Credit Report BUYER
8. Appraisal or Extension Fee (negotiable) BUYER
9. Existing Loan Payoff SELLER
10. Existing Loan Payoff Demand SELLER
11. Loan Prepayment Penalty (if any) SELLER
12. Next Month’s PITI Payment BUYER
13. Prepaid Interest (approx. 30 days) BUYER
14. Reserve Account Balance (Credit Seller / Charge Buyer) PRORATE
15. FHA MIP, VA Funding Fee, PMI Premium BUYER
16. Assessments payoff or proration (sewer, paving, etc.) SELLER
17. Taxes PRORATE
18. Tax Impounds BUYER
19. Tax Service Contract SELLER
20. Fire/Hazard Insurance BUYER
21. Flood Insurance BUYER
22. Homeowners Association (HOA) Transfer Fee BUYER or SELLER BUYER negotiable
23. HOA/Disclosure Fee SELLER
24. Current HOA Payment PRORATE
25. Next Month’s HOA Payment BUYER
26. Home Warranty Premium (negotiable) BUYER or SELLER
27. Realtors®’ Commissions SELLER
28. Homeowners Title Policy SELLER
29. Lenders Title Policy and Endorsements BUYER
30. Escrow Fee (NOTE: Charge Seller on VA Loan) SPLIT
31. Recording Fees (Flat Rate) SPLIT
32. Reconveyance/Satisfaction Fee SELLER
33. Courier/Express Mail Fees SPLIT
Of course this is only a general guide and specific contracts can adjust the outcome.
Courtesy of First American Title
http://www.firstam.com/assets/title/az/documents/state/buyer-seller-realtor-information/closing-costs.pdf
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