Closing Costs Worksheet
Print this out as a handy reference.
|
|
Description of Cost
|
Paid from buyer's funds at closing
|
Paid from seller's funds at closing
|
|
Sale price of home
|
$
|
$
|
|
PLUS:
|
|
Closing agent costs
|
|
|
|
Mortgage-related costs:
|
|
Loan origination fee
|
|
|
|
Loan discount points
|
|
|
|
Appraisal fee
|
|
|
|
Credit report fee
|
|
|
|
Assumption fee
|
|
|
|
Prepaid interest
|
|
|
|
Insurance premium costs:
|
|
Mortgage insurance premium
|
|
|
|
First year's homeowner's insurance premium
|
|
|
|
Escrow accounts (reserves):
|
|
Mortgage insurance escrow
|
|
|
|
Homeowner's insurance escrow
|
|
|
|
Property tax escrow
|
|
|
|
Government-imposed costs:
|
|
Recording fee
|
|
|
|
Transfer tax
|
|
|
|
Additional costs:
|
|
Property survey
|
|
|
|
Loan origination fee
|
|
|
|
Termite inspection
|
|
|
|
Well and septic certifications
|
|
|
|
Homeowner's association fee
|
|
|
|
Condominium fee
|
|
|
|
Other
|
|
|
|
Other
|
|
|
|
Subtotal
|
$
|
$
|
|
MINUS:
|
|
Earnest money deposit
|
|
|
|
Mortgage loan amount
|
|
|
|
Seller credits (use seller's subtotal)
|
|
|
|
TOTAL AMOUNT NEEDED FOR CLOSING
|
$
|
$
|
