Closing Costs – Homeowner Manual

Whether you’re a first-time homeowner or a third-time homeowner, it’s important that you take the time to sort through any possible confusion you may have.

With AmeriTitle’s Buyer-Seller Guide, we can aid you through this exciting and (somewhat) complicated process. So, let’s go through the “What, “Who,” and “When” of closing costs.


Other than the down payment and cost of the property, closing costs are additional fees that need to be paid at the time of closing.

This may involve:

Escrow fees, title insurance premiums, tax prorations, loan fees, deed recording fees, real estate commissions, and more.


There are many differences that can play out between a buyer and a seller when it comes to closing costs. What’s listed below is “standard,” but it’s important to understand that this might not always look the same for each party in each transaction.

The Buyer Pays for:The Seller Pays for:
The lender’s title
policy premiums
Owner’s title insurance premiums
Escrow feesEscrow fees
for all
documents in
buyer’s name
Real estate commission
Tax proration Document recording and release fee for
HOA prorates and
transfer fees
Any loan fees required by buyer’s lender
All new loan
Payoff of all loans in seller’s name or against the
Fire premium
insurance for
the first year
Interest accrued by lender being paid off,
statement fees, etc.
Any judgements, tax liens, etc. against the seller
Any and all delinquent taxes


You’ve signed the papers! Time to move in, right?

Well…not yet, exactly. Most buyers anticipate receiving their keys the day of closing; however, this usually doesn’t happen until a day, or a few days, after signing.

The transaction does not ‘close’ until all the funds have been cleared and provided to the title company, and the deed to transfer title is recorded at the country courthouse.

So – there you have it! While this process might be a bit hectic, it’s important to feel confident in your transaction and to have a great team behind you.

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