Page 41 - Homeowners Manual - San Mateo County
P. 41
EXAMPLES OF ADDITIONAL CLOSING COSTS
• Title insurance premiums
• Escrow and notary fees
• Documentation preparation fee
• Recording charges for all documents in buyer’s name
• Interest on new loan from date of funding to 30 days prior to first payment
• Inspection fees (property, roof, geological)
• All new loan charges (except those required by lender for seller to pay)
• Tax proration from date of acquisition
• Assumption/change of record fees for take over of existing loan
• Beneficiary statement fee for assumption of existing loan
• Homeowners association transfer fee
• Home warranty (according to contract)
• Any city transfer tax/conveyance tax (per custom)*
• Real estate commission
• Documentation preparation fee for transferred deed
• Fire insurance premium for first year impounds, if applicable
• Payoff of all loans in seller’s name (or existing loan balance if being assumed by buyer)
• Interest accrued to lender being paid off, statement fees, reconveyance fees and any prepayment penalties
• Termite work (according to contract)
• Natural hazard disclosure report
• Any judgments, delinquent taxes, tax liens, etc� against seller
• Tax proration (for any unpaid taxes)
• Recording charges to clear all documents of record against seller
• Any bonds or assessments
• Any unpaid homeowner’s dues, homeowner’s document and demand fees
• Documentary transfer tax
(*Based on City/County of where property is located� Check with your Real Estate Professional�)
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