A Guide to Escrow Closing Costs

Who Pays What? 

The SELLER can generally be expected to pay for:

  • Owners Title Policy 
  • Real Estate Commission  
  • Escrow Fee 
  • Document preparation fee for Deed 
  • Request for Demand/s fee  
  • Document transfer tax ($1.10 per $1,000 of sales price)
  • Los Angeles City Transfer Tax & Los Angeles City Area Tax
  • Any loan fees required by buyer's lender
  • Payoff of all loans in seller's name (or existing loan balance if being assumed by buyer)
  • Beneficiary Statement Fee Existing Lender
  • Interest accrued to lender being paid off
  • Statement Fees & Reconveyance Fees
  • Termite Inspection & Work (according to contract)
  • Home Warranty (according to contract)
  • Any judgment, tax liens, etc. against the seller   
  • Recording charges to clear all documents of record against the seller   
  • Tax pro-ration (for any taxes unpaid at the time of title transfer of title)   
  • Any unpaid Homeowner's dues   
  • Homeowners transfer & document fee   
  • Any bonds or assessments (according to contract)   
  • Any and all delinquent taxes   
  • Notary Fee   
  • Zone Disclosure   

The BUYER can generally be expected to pay for:

  • Title insurance premiums
  • Escrow Fee
  • Sub-Escrow Fee
  • Document preparation (if applicable) 
  • Notary Fees
  • Recording charges for all documents in buyer's name  
  • Tax pro-ration (from date of acquisition)  
  • Homeowner's transfer fee 
  • All new loan charges (except those required by lender for seller to pay) 
  • Interest on new loan from date of funding to 30 days prior to first payment date 
  • Assumption/Change of Records fees for takeover of existing loan 
  • Home Warranty (according to contract) 
  • Fire Insurance Premium for first year 
  • Flood Insurance if required by lender