Who Pays for What?

wdt_ID	SALE PRICE	TYPICAL COST	WHO PAYS?
1	COMMISSION	6% of PURCHASE PRICE	SELLER
2	APPRAISAL	$250-$500	BUYER
3	CREDIT REPORT	$30-$75 PER BORROWER	BUYER
4	INSPECTION FEE	$350+/VISIT	BUYER
5	LENDER-DIRECT UNDERWRITING FEE	$750-$1,000	BUYER
6	PROCESSING FEE	$150	BUYER
7	FLOOD CERTIFICATE	$50-$100	BUYER
8	TAX SERVICE	$85-$200	BUYER
9	ATTORNEY FEE	$600-$1,000+	BOTH
10	SETTLEMENT CLOSING	$250-$1,000	BUYER
11	TITLE INSURANCE (BUYER)	$250-$1,000	BUYER
12	TITLE INSURANCE (SELLER)	$300-$2,000	BUYER
13	RECORDING FEE	$75-$250	BOTH
14	STATE TRANSFER TAX	$1.50 PER $1,000	SELLER
15	COUNTY/CITY TRANSFER TAX	$3.00 PER $1,000	SELLER
16	CHICAGO CITY TRANSFER TAX*	$7.50 PER $1,000	BUYER
17	SURVEY	$500 - $1,000	SELLER
18	INTEREST PER DAY	LOAN AMOUNT X RATE/365	BUYER
19	ESCROW TAXES	1-5 MOS. (IF APPLICABLE)	BUYER
20	ESCROW INSURANCE	1-5 MOS. (IF APPLICABLE)	BUYER
21	TAX PRORATION	105-110% OF LAST TAX BILL	SELLER

TAX PRORATION SELLER ESTIMATED CLOSING COSTS COURTESY OF PROPER RATE®. Prices subject to change. Actual costs vary per lender, loan amount, property type and other factors.

*Property transfer taxes vary per local jurisdiction or township. Please consult your real estate attorney to obtain the best possible estimate for taxes and other closing costs.

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