Page 7 - Foreign Investor Guide - Hawaii
P. 7
BUYER VS. SELLER COSTS
Standard Allocation of Closing Fees
BUYER COST SELLER COST
• 40% of the premium for standard coverage • 60% of the premium for standard coverage
title insurance and any additional cost title insurance
relating to the issuance of extended
coverage policy
• Lender’s Policy • 50% of Escrow Fee
• 50% of Escrow Fee • Cost of drafting conveyance documents
and bill of sale
• Cost of drafting mortgage or agreement of • Cost of obtaining Seller’s consent
sale
• Cost of obtaining Buyer’s consent • Seller’s notary fees
• Buyer’s notary fee • Cost of required termite inspection report
• All recordings fees except documents • Cost of required Condominium and
relating to clear Seller’s title Association documents
• Condominium and Association ownership • Recording fees to clear Seller’s title
transfer fee
• FHA or VA discount points and any • FHA or VA mandatory closing fees
mortgage fees
• Conveyance Tax
• FIRPTA (Federal withholding tax)
• HARPTA (State withholding tax)
Visit www.oldrepublictitle.com/hawaii and
use our Online Netsheets tool to calculate your estimated fees
