The Buyer Can generally be expected to pay for:
- Document preparation (if applicable)
- Notary fees for loan documents
- Recording charges for all documents in buyer's name
- Tax proration (from date of acquisition)
- All new loan charges (except those required by lender for seller to pay VA/FHA)
- Interest on new loan from date of funding to 30 days prior to first payment date.
- Assumption / Change of Records fees when existing loan is being assumed.
- Beneficiary Statement fee for assumption of existing loan.
- Inspection fees (roofing, property inspection, geological, etc.)
- Fire insurance premium for first year.
- Title insurance premium – Lender's policy