TYPE OF FINANCING | CASH | FHA | VA | CONV |
1. Downpayment | BUYER | BUYER | BUYER | BUYER |
2. Termite (Wood Infestation) Inspection (negotiable except on VA) | | | SELLER | |
3. Property Inspection (if requested by Buyer) | BUYER | BUYER | BUYER | BUYER |
4. Property Repairs, If Any (negotiable) | SELLER | SELLER | SELLER | SELLER |
5. New Loan Origination Fee (negotiable) | | BUYER | BUYER | BUYER |
6. Discount Points (negotiable) | | BUYER | BUYER | BUYER |
7. Credit Report | | BUYER | BUYER | BUYER |
8. Appraisal or Extension Fee (negotiable) | | BUYER | BUYER | BUYER |
9. Existing Loan Payoff | SELLER | SELLER | SELLER | SELLER |
10. Existing Loan Payoff Demand | SELLER | SELLER | SELLER | SELLER |
11. Loan Prepayment Penalty, If Any | SELLER | SELLER | SELLER | SELLER |
12. Next Month’s PITI Payment | | BUYER | BUYER | BUYER |
13. Prepaid Interest (approx. 30 days) | | BUYER | BUYER | BUYER |
14. FHA MIP, VA Funding Fee, PMI Premium | | BUYER | BUYER | BUYER |
15. Assessments Payoff or Proration (sewer, paving, etc.) (negotiable) | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER |
16. Taxes | | PRORATE | PRORATE | PRORATE |
17. Tax Impounds | | BUYER | BUYER | BUYER |
18. Tax Service Contract | | SELLER | SELLER | SELLER |
19. Fire / Hazard Insurance | BUYER | BUYER | BUYER | BUYER |
20. Flood Insurance (if applicable) | BUYER | BUYER | BUYER | BUYER |
21. Homeowners Association (HOA) Transfer Fee (negotiable) | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER |
22. HOA / Disclosure Fee (negotiable) | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER |
23. Current HOA Payment | PRORATE | PRORATE | PRORATE | PRORATE |
24. Next Month’s HOA Payment | BUYER | BUYER | BUYER | BUYER |
25. Home Warranty Premium (negotiable) | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER |
26. Real Estate Agent / Broker Commissions | SELLER | SELLER | SELLER | SELLER |
27. Owner’s Title Policy | SELLER | SELLER | SELLER | SELLER |
28. Lender’s Title Policy and Endorsements | | BUYER | BUYER | BUYER |
29. Escrow Fee (NOTE: Charge Seller on VA Loan) | SPLIT | SPLIT | SELLER | SPLIT |
30. Recording Fee (negotiable) | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER | BUYER OR SELLER |
31. Reconveyance / Satisfaction Fee | SELLER | SELLER | SELLER | BUYER OR SELLER |
32. Courier / Express Mail Fees | SPLIT | SPLIT | SELLER | SPLIT |