Contract to closing - Who pays for what?

Sale Price Typical Cost Pays Who
COMMISSION
6% OF PURCHASE PRICE
SELLER
APPRAISAL
$250
BUYER
CREDIT REPORT
$30 - $75 PER BORROWER
BUYER
INSPECTION FEE
$350+ PER 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
$950 - $2,300
BUYER
TITLE INSURANCE (BUYER)
$750 - $2,500
BUYER
TITLE INSURANCE (SELLER)
$750 - $2,500
SELLER
RECORDING FEE
$75 - $250
BOTH
CHICAGO CITY TRANSFER TAX
$7.50 PER $1,000
BUYER
CHICAGO CITY TRANSFER TAX
$3 PER $1,000
SELLER
STATE TRANSFER TAX
$0.50 PER $500
SELLER
COUNTY TRANSFER TAX
VARIES PER COUNTY
SELLER
MUNICIPAL TRANSFER TAX*
VARIES PER LOCALITY
BUYER
SURVEY
$500 - $1,000
SELLER
TERMITE INSPECTION
$40 - $100
BOTH
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

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

Estimated closing costs courtesy of Guaranteed Rates. Prices subject to change. Actual costs vary per lender, loan amount, property type and other factors.