WHO PAYS WHAT CLOSING COSTS

Seller's Customary Charges

• 60% of the premium for standard coverage title insurance
• 50% of Escrow Fee
• Cost of drafting of conveyance documents and bills of sale
• Cost of obtaining Seller’s consents
• Sellers’ notary fees
• Cost of required staking or survey
• Recording fees to clear Seller’s title
• FHA or VA mandatory closing fees
• Conveyance tax
• FIRPTA (Federal withholding tax)
• HARPTA (State withholding tax)

Buyer's Customery Charges

• 40% of the premium for standard coverage title insurance & the added 10% cost of the ALTA Homeowner’s Policy (Same as the Eagle Policy)
• 50% of Escrow Fee
• Cost of drafting mortgage and note or agreement of sale
• Cost of obtaining Buyer’s consents
• Buyer’s notary fees
• All recording fees except documents to clear Seller’s title
• Condominium and Planned Community Association ownership transfer fees
• FFLAS or VA discount points and any mortgage fees