CLOSING COSTS: WHO PAYS WHAT IN ARIZONA
CLOSING COSTS: WHO PAYS WHAT IN ARIZONA
THIS CHART INDICATES WHO CUSTOMARILY PAYS WHAT COSTS
CASH
1. Downpayment 2. Termite (Wood Infestation) Inspection (negotiable except on VA) 3. Property Inspection (if requested by Buyer) 4. Property Repairs, if any (negotiable) 5. New Loan Origination Fee (negotiable) 6. Discount Points (negotiable) 7. Credit Report 8. Appraisal or Extension Fee (negotiable) 9. Existing Loan Payoff 10. Existing Loan Payoff Demand 11. Loan Prepayment Penalty (if any) 12. Next Month's PITI Payment 13. Prepaid Interest (approx. 30 days) 14. Reserve Account Balance (Credit Seller / Charge Buyer) 15. FHA MIP, VA Funding Fee, PMI Premium 16. Assessments payoff or proration (sewer, paving, etc.) 17. Taxes 18. Tax Impounds 19. Tax Service Contract 20. Fire/Hazard Insurance 21. Flood Insurance
BUYER BUYER SELLER
SELLER SELLER SELLER
SELLER P R O R AT E
BUYER
22. Homeowners Association (HOA) Transfer Fee
BUYER or
SELLER
23. HOA/Disclosure Fee 24. Current HOA Payment 25. Next Month's HOA Payment
SELLER P R O R AT E
BUYER
26. Home Warranty Premium (negotiable)
BUYER or
SELLER
27. Realtors?' Commissions 28. EAGLE Homeowners Title Policy 29. Lenders Title Policy and Endorsements 30. Escrow Fee (NOTE: Charge Seller on VA Loan) 31. Recording Fees (Flat Rate) 32. Reconveyance/Satisfaction Fee 33. Courier/Express Mail Fees
SELLER SELLER
SPLIT SPLIT SELLER SPLIT
Note: Prorated items will appear on Closing Statement as charges for one and credits for the other.
FHA BUYER
BUYER SELLER BUYER BUYER BUYER BUYER SELLER SELLER SELLER BUYER BUYER P R O R AT E BUYER
P R O R AT E BUYER SELLER BUYER BUYER BUYER or SELLER SELLER
P R O R AT E BUYER BUYER or SELLER SELLER SELLER BUYER SPLIT SPLIT SELLER SPLIT
VA BUYER SELLER BUYER SELLER BUYER BUYER BUYER BUYER SELLER SELLER SELLER BUYER BUYER P R O R AT E BUYER
P R O R AT E BUYER SELLER BUYER BUYER BUYER or SELLER SELLER
P R O R AT E BUYER BUYER or SELLER SELLER SELLER BUYER SELLER SPLIT SELLER SELLER
CONV BUYER
BUYER SELLER BUYER BUYER BUYER BUYER SELLER SELLER SELLER BUYER BUYER P R O R AT E BUYER
P R O R AT E BUYER BUYER BUYER BUYER BUYER or SELLER SELLER
P R O R AT E BUYER BUYER or SELLER SELLER SELLER BUYER SPLIT SPLIT SPLIT SPLIT
First American Title Insurance Company and the operating divisions thereof make no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, First American Title, and are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.
AZ - 04/2014
602.685.7000 | ?2014 First American Financial Corporation. All rights reserved. | NYSE:FAF
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