Who Pays for What?

SALE PRICE	TYPICAL COST	WHO PAYS?
COMMISSION	6% of PURCHASE PRICE (5% for First Responders and their Familes)	SELLER
APPRAISAL	$250-$500	BUYER
CREDIT REPORT	$30-$75 PER BORROWER	BUYER
INSPECTION FEE	$350+/VISIT	BUYER
LENDER-DIRECT UNDERWRITING FEE	$750-$1,000	BUYER
PROCESSING FEE	$150	BUYER
FLOOD CERTIFICATE	$50-$100	BUYER
TAX SERVICE	$85-$200	BUYER
ATTORNEY FEE	$600-$1,000+	BOTH
SETTLEMENT CLOSING	$250-$1,000	BUYER
TITLE INSURANCE (BUYER)	$250-$1,000	BUYER
TITLE INSURANCE (SELLER)	$300-$2,000	SELLER
RECORDING FEE	$75-$250	BOTH
STATE TRANSFER TAX	$1.50 PER $1,000	SELLER
COUNTY/CITY TRANSFER TAX	$3.00 PER $1,000	SELLER
CHICAGO CITY TRANSFER TAX*	$7.50 PER $1,000	BUYER
SURVEY	$500 - $1,000	SELLER
INTEREST PER DAY	LOAN AMOUNT X RATE/365	BUYER
ESCROW TAXES	1-5 MOS. (IF APPLICABLE)	BUYER
ESCROW INSURANCE	1-5 MOS. (IF APPLICABLE)	BUYER
TAX PRORATION	105-110% OF LAST TAX BILL	SELLER

TAX PRORATION SELLER ESTIMATED CLOSING COSTS COURTESY OF PROPER RATE®. Prices subject to change. Actual costs vary per lender, loan amount, property type and other factors.

*Property transfer taxes vary per local jurisdiction or township. Please consult your real estate attorney to obtain the best possible estimate for taxes and other closing costs.