A guide to who pays what and when.
Name | Conveyance Loan | Cash | FHA | VA | Payable |
|---|---|---|---|---|---|
Down Payment | Buyer | Buyer | Buyer | Buyer | 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 |
Preparation of Title Docs Fee | Seller | Seller | Seller | Seller | At Closing |
Credit Report | Buyer | N/A | Buyer | Buyer | Before Closing |
Appraisal | Buyer | N/A | Buyer | Buyer | Before Closing |
Escrow Fees | Buyer | N/A | Buyer | Buyer | At Closing |
Tax Certification | Seller | Seller | Seller | Seller | At Closing |
Tax/HOA Prorations | Buyer/Seller | Buyer/Seller | Buyer/Seller | Buyer/Seller | At Closing |
Existing Loan Payoff | Seller | Seller | Seller | Seller | At Closing |
HOA/Condo Docs | Seller | Seller | Seller | Seller | At Closing |
HOA Contribution Fee | Buyer | Buyer | Buyer | Buyer | At Closing |
Broker 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 |
Notary Fee | Buyer/Seller | Buyer/Seller | Buyer/Seller | Buyer/Seller | At Closing |
Recording Fee | Buyer/Seller | Buyer/Seller | Buyer/Seller | Buyer/Seller | At Closing |
Release Fee | Seller | Seller | Seller | Seller | At Closing |