Closing Costs
Customary Fee Splits

Select your state to see state-specific closing cost allocations

Closing costs vary by state, and the buyer and seller responsibilities often depend on local laws and customs unless otherwise indicated.

Select your state...
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Here is a simple guide to common fees in a real estate transaction.

Owner’s
Policy Premium:

This is the cost of a title insurance policy that protects the new owner.

Loan Policy
Premium:

This is a title insurance policy that protects the lender’s interest in the property.

Title Search
& Examination:

This ensures the property’s title is clear of any issues, like liens or disputes.

Survey
Charges:

If a property survey is needed to confirm boundaries.

Deed
Transfer Tax:

This is a tax on transferring the property title. It’s not applicable in some areas, so you might not have to pay it.

Closing
Fees:

These cover the services of the title or escrow company handling the transaction.

RECORDING
Fees:

These are fees for officially recording the property deed and mortgage documents.