Closing Costs

Typical Estimated Closing Costs for a Seller
(Conventional Loan)

Note: An FHA contract will cost approx. $800 MORE to the Seller; and a VA contract, approx. $1500 more.

Title Company Fees	$400 (Approx.)
Brokers’ Commissions	6% of Sales Price
Administrative Fees	$300
Home Service Warranty for Buyer (optional)	$305
Owner’s Title Insurance	Approx. 1% (or less) of Sale Price
Taxes, prorated for current year	Prorated for time Seller has lived in the home. Taxes are paid in arrears.
Mortgage Interest, up to 30 days	(Interest is paid in arrears)
Any repairs required or negotiated.

NOTE: Any money that has already been escrowed (through your mortgage payments) for future payment of taxes and hazard insurance will be refunded to you approximately three to four weeks after closing.