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  Closing Costs Worksheet

The closing process can vary from state to state and even from city to city. Closing costs can also vary widely depending on the price of the home, its location, and other factors. You can expect your closing costs to fall between 3 percent and 6 percent of the sales price of the home.

Some closing activities and costs are standard, and this worksheet will help you determine those costs. You should be able to enter most of the data needed for this worksheet from the Good Faith Estimate of closing costs provided by your real estate sales professional or lender.

We suggest you print this worksheet and fill it out. As your Agent, we will also fill this out with approximate costs.

Closing Costs Worksheet

Paid from Buyer's Funds at Closing Paid from Seller's Funds at Closing

Principal Costs $ ____

Sale Price of Home $ ____ $ ____

Closing Agent Costs $ ____ $ ____

Subtotal $ ____ $ ____

Mortgage-Related Costs

Loan Origination Fee $ ____ $ ____

Loan Discount Points $ ____ $ ____

Appraisal Fee $ ____ $ ____

Credit Report Fee $ ____ $ ____

Assumption Fee $ ____ $ ____

Prepaid Interest $ ____ $ ____

Subtotal $ ____ $ ____

Insurance Premium Costs

Mortgage Insurance Premium $ ____ $ ____

First Year Homeowner's Insurance Premium $ ____ $ ____

Subtotal $ ____ $ ____

Escrow Accounts (Reserves)

Mortgage Insurance $ ____ $ ____

Homeowner's Insurance $ ____ $ ____

Property Tax $ ____ $ ____

Subtotal $ ____ $ ____

Government-Imposed Costs

Recording Fee $ ____ $ ____

Transfer Tax $ ____ $ ____

Subtotal $ ____ $ ____

Additional Costs

Property Survey $ ____ $ ____

Termite Inspection $ ____ $ ____

Well and Septic Certifications $ ____ $ ____

Homeowner's Association Fee $ ____ $ ____

Condominium Fee $ ____ $ ____

Other $ ____ $ ____

Subtotal $ ____ $ ____

Grand Subtotal $ ____ $ ____

Costs to Subtract (Minus)

Earnest Money Deposit $ ____ $ ____

Mortgage Loan Amount $ ____ $ ____

Seller Credits (use seller's subtotal) $ ____ $ ____

Subtotal $ ____ $ ____

Total Amount Needed for Closing $ ____ $ ____

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