Which settlement fees are customarily paid by the buyer at closing?

  • Simultaneous issue of lender title policy
  • Endorsement charges to lender’s title policy
  • Survey
  • Termite inspection
  • Home inspection
  • Taxes prorated to date of closing
  • Homeowners association dues and transfer fee (when applicable)
  • Condominium approval fees and due (when applicable)
  • 1st year homeowners’ insurance and flood insurance (when applicable)
  • Recording fees for deed $10.00 first page; $8.50 each additional page and total recording of mortgage at approximately $180
  • Doc stamps on mortgage $.35 per $100 based on mortgage amount
  • Intangible tax on mortgage $.002 x mortgage amount
  • Customary Lender Costs and fees: **(below)
  • Prepaid interest – day of closing through the end of the month
  • Loan origination and points
  • Credit report
  • Appraisal
  • Tax service
  • Underwriting
  • Document preparation
  • Private Mortgage Insurance (PMI)
  • Assignment of mortgage
  • Flood certification