Worksheet: Track Closing Costs

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Be prepared and know who’s responsible for the variety of fees and expenses at the closing table.





Down payment




Loan origination




Points paid to receive a lower interest rate




Home inspection








Credit report




Mortgage insurance premium




Escrow for homeowner’s insurance




Property tax escrow

(if paid as part of the mortgage*)




Deed recording




Title insurance policy premiums




Land survey




Notary fees




Home warranty




Proration* for your share of costs

(such as utility bills and property taxes)





*Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay the insurance or taxes for you.

** Because such costs are usually paid on either a monthly or yearly basis, the buyers may have to pay a bill for services that you actually used before moving, or vice versa. Proration is a way to even out bills you may have paid in advance, or that buyers may later pay for services you used.

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