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Closing Costs

Guide To Customary Closing Costs In Santa Clara County

Normally the BUYER can be expected to pay for:

  • Brokerage Fee for Buyer’s Broker
  • Lenders title policy premiums (ALTA)
  • Document preparation (if applicable)
  • Notary Fees
  • Homeowner’s transfer fee
  • Tax pro-ration (from date of acquisition)
  • Pest Control Inspection (according to contract)
  • Recording charges for all documents in buyers’ name
  • Fire Insurance Premium for first year
  • Home Warranty (according to contract)
  • Inspection Fees (roofing, property inspection, geological, etc.)
  • 50% of City Transfer / Conveyance Tax ($3.30 per $1,000 of Sales Price)
  • Beneficiary Statement Fee for Assumption of existing loan
  • Assumption/Change of Records fees for takeover of existing loan
  • 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

Normally the SELLER can be expected to pay for:

  • Escrow fee
  • Owner’s title insurance premiums (CLTA)
  • Brokerage Fee
  • Document preparation fee for Deed
  • Notary Fees
  • Pest Control Work (according to contract)
  • Any judgements, tax liens, etc. against the seller
  • Any unpaid Homeowner’s dues
  • Any bonds or assessments (according to contract)
  • Any and all delinquent taxes
  • Documentary transfer tax ($1.10 per $1,000 of sales price)
  • Any loan fees required by buyer’s lender
  • 50% of City Transfer / Conveyance Tax ($3.30 per $1,000 of Sales Price)
  • Recording charges to clear all documents of record against seller
  • Tax pro-ration (for any taxes unpaid at time of transfer of title)
  • Payoff of all loans in seller’s name (or existing loan balance if being assumed by buyer)
  • Interest accrued to lender being paid off, Statement Fees, Reconveyance Fees