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Be prepared and know who’s responsible for the variety of fees and expenses at the closing table.




Down payment

Loan origination

Points paid to receive a lower interest rate

Home inspection


Credit report

Mortgage insurance premium

Escrow for homeowner’s insurance

Property tax escrow (if paid as part of the mortgage*)

Deed recording

Title insurance policy premiums

Land survey

Notary fees

Home warranty

Proration** for your share of costs (such as utility bills and property taxes)

* Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay the insurance or taxes for you.

** Because such costs are usually paid on either a monthly or yearly basis, the buyers may have to pay a bill for services that you actually used before moving, or vice versa. Proration is a way to even out bills you may have paid in advance, or that buyers may later pay for services you used.