CLOSING COSTS: WHO PAYS ON PURCHASES?                                 CLOSING COSTS: WHO PAYS ON PURCHASES?   The closing costs stated herein are typical for residential closings. The actual closing types and costs will vary    depending upon the circumstances of each individual transaction.          To get an estimate of closing charges for buyers and/or Sellers please visit :          http://www.texasfivestarrealty.com/Estimate_Closing_Cost.asp                         TYPE OF THE LOAN   Table is a representation of who customarily pays each cost CASH FHA VA CONVENTION   1.   Down payment  BUYER BUYER BUYER BUYER   2,  Termite (wood Infestation) Inspection BUYER BUYER SELLER BUYER   3    Properly inspection BUYER BUYER BUYER BUYER   4     Property Repairs, if any (negotiable) SELLER SELLER SELLER SELLER   5     New Loan Origination Fee (negotiable)   BUYER BUYER BUYER   6     Document Preparation Fee • Loan Package   BUYER BUYER BUYER   7     Document Preparation Fee - Warranty Deed SELLER SELLER SELLER SELLER   8     Credit Report   BUYER BUYER BUYER   9     Appraisal or Extension Fee (negotiable)   BUYER BUYER BUYER   10. Existing Loan Payoff SELLER SELLER SELLER SELLER   11, Existing Loan Payoff Demand SELLER SELLER SELLER SELLER   12   Prepaid Interest (approximately 30 days)   BUYER BUYER BUYER   13   FHA MIP, VA Funding Fee, PMI Premium   BUYER BUYER BUYER   14. Property Taxes PRORATE PRORATE PRORATE PRORATE   15. Tax Impounds   BUYER BUYER BUYER   16. Tax Service Contract   BUYER SELLER BUYER   17. Fire/Hazard insurance BUYER BUYER BUYER BUYER   18. Flood Insurance   BUYER BUYER BUYER   19. Homeowners Association (HOA) Transfer Fee (negotiable) BUYER BUYER BUYER BUYER   20   HOA Statement of Accounts SELLER SELLER SELLER SELLER   21   Delinquent HOA Assessments SELLER SELLER SELLER SELLER   22   Delinquent Property Taxes SELLER SELLER SELLER SELLER   23, Home Warranty Premium (negotiable) SELLER SELLER SELLER SELLER   24, REALTORS Commissions SELLER SELLER SELLER SELLER   25. Owners Title Policy (negotiable) SELLER SELLER SELLER SELLER   26, Lender's Title Policy and Endorsements   BUYER BUYER BUYER   27. Escrow Fee (NOTE Charge Seller on VA loan) SPLIT SPLIT SELLER SPLIT   28   Recording Fees (Flat Rate) SPLIT SPLIT SPLIT SPLIT   29   Courier/Express Mail Fee SPLIT SPLIT SELLER SPLIT               Note Prorated Items will appear on Closing Statement (HUD1) as charges for one and credits for the other           The closing costs stated herein are typical for residential closings. The actual closing types and costs will vary depending upon the circumstances of each individual transaction.   To get an estimate of closing charges for buyers and/or Sellers please visit :          http://www.texasfivestarrealty.com/Estimate_Closing_Cost.asp                      Bahman Davani, CM, RP Broker/REALTOR® ABR, GRI, CDPE, SFR, TAHS, eAgentC, and CCIM Candidate Texas Five Star Realty Office: (214) 457-7055 Cell: (214) 457-7055 Plano, TX 75026-1665

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