Closing Costs: Who Pays and When
| Name | Conv Loan | Cash | FHA | VA | When Paid |
|---|---|---|---|---|---|
| Down payment | Buyer | Buyer | Buyer | Buyer | At Closing |
| Termite Inspection | Buyer | Buyer | Buyer | Buyer | Before Closing |
| Termite Treatment | Seller | Seller | Seller | Seller | Before or At Closing |
| Home Inspection | Buyer | Buyer | Buyer | Buyer | Before or At Closing |
| Property Repairs | Seller | Seller | Seller | Seller | Before Closing |
| Loan Origination | Buyer | N/A | Buyer | Buyer | At Closing |
| Discount Points | Buyer | N/A | Buyer | Buyer | At Closing |
| Title Doc Preparation Fee | Seller | Seller | Seller | Seller | At Closing |
| Credit Report | Buyer | N/A | Buyer | Buyer | Before Closing |
| Appraisal | Buyer | N/A | Buyer | Buyer | Before Closing |
| Tax Escrows (aka Impounds) | Buyer | N/A | Buyer | Buyer | At Closing |
| Tax Certification | Seller | Seller | Seller | Seller | At Closing |
| Homeowners Ins. Impounds | Buyer | N/A | Buyer | Buyer | At Closing |
| Tax/HOA Prorations | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | At Closing |
| Prepaid Interest | Buyer | N/A | Buyer | Buyer | At Closing |
| FHA, MIP, PMI Premiums | Buyer | N/A | Buyer | Buyer | At Closing |
| VA Funding Fee | Buyer | N/A | Buyer | Buyer | At Closing |
| Existing Loan Payoff | Seller | Seller | Seller | Seller | At Closing |
| Existing Loan Payoff Demand | Seller | Seller | Seller | Seller | At Closing |
| Existing Loan Prepayment Penalty | Seller | Seller | Seller | Seller | At Closing |
| HOA/Condo Docs | Seller | Seller | Seller | Seller | At Closing |
| Current HOA Payment | Seller | Seller | Seller | Seller | Before or At Closing |
| HOA Contribution Fee | Buyer | Buyer | Buyer | Buyer | At Closing |
| Home Warranty Premium | Seller | Seller | Seller | Seller | At Closing |
| Realtor’s Commissions | Seller | Seller | Seller | Seller | At Closing |
| Owner’s Title Policy | Buyer | Buyer | Buyer | Buyer | At Closing |
| Lender’s Title Policy | Buyer | N/A | Buyer | Buyer | At Closing |
| Endorsements | Buyer | N/A | Buyer | Buyer | At Closing |
| CPL or CSL (Closing Protection Letter | Buyer | N/A | Buyer | Buyer | At Closing |
| Notary Fee | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | At Closing |
| Recording Fee | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | At Closing |
| Satisfaction/Release Fee | Seller | Seller | Seller | Seller | At Closing |
| U&O or Certificate of Occupancy | Seller | Seller | Seller | Seller | At Closing |
| Courier Fee | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | At Closing |
| Wire Fee | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | Buyer/ Seller | At Closing |
| Utility Certification Fees | Seller | Seller | Seller | Seller | At Closing |