Your Pioneer Title Agency Escrow Officer will explain your Settlement Statement following his or her receipt of the lender’s package. That said, this is a general guide to who pays what.
Seller can generally expect to pay:
Owner’s title insurance policy premium
Real estate commission
1/2 of the escrow fee
Any loan charges required by Buyer’s lender, if specified in the purchase contract
Loan payoff, plus interest charges including but not limited to statement, reconveyance and/or prepayment fees.
Any repair work, specified in the purchase contract
Home Warranty, if specified in the purchase contract
Any encumbrance of record against the seller
Recording charges to clear all documents of record against the seller
Prorated property taxes and/or delinquent taxes to date of close
Unpaid HOA dues or assessments
HOA transfer fee, if specified
HOA Disclosure Statement
Buyer can generally expect to pay:
Lender’s title insurance policy premium
1/2 of the escrow fee
All new lender charges except those required by lender for seller to pay
Recording charges
Interest on new loan
Hazard insurance premium
Property tax impounds as required by new lender
Advance HOA management payments (if applicable)
Note: FHA, VA, and other specialty loans may have specific fee stipulations.