Closing Cost Worksheet

The checklist

1. 1. Loan origination / lender fees
   Origination charge, application fee, underwriting fee. Compare across lenders, this is where pricing differs most.
2. 2. Discount points (optional)
   Prepaid interest to buy the rate down. 1 point = 1% of the loan amount. Only worth it if you keep the loan past the break-even.
3. 3. Appraisal fee
   Typically a few hundred dollars, paid upfront or at closing. Goes to the appraiser, not the lender.
4. 4. Credit report fee
   Small fee for the tri-merge credit pull.
5. 5. Title search & title insurance
   Lender's title policy is required; owner's policy is optional but strongly recommended.
6. 6. Settlement / closing fee
   Charged by the title company or closing attorney for conducting settlement.
7. 7. Recording fees & transfer taxes
   Government charges to record the deed and mortgage. Varies widely by state and county.
8. 8. Prepaid interest
   Interest from closing day through month-end. Closing near month-end reduces this.
9. 9. Homeowners insurance (first year)
   First full year premium is collected at closing in most states.
10. 10. Escrow deposits
    2–3 months of taxes and insurance to seed the escrow account.
11. 11. Property taxes (prorated)
    Your share of the current tax bill, prorated to the closing date.
12. 12. HOA dues & transfer fees
    Prorated dues plus any HOA transfer or application fees.
13. 13. Inspection fees
    General inspection plus any specialty inspections (termite, roof, septic). Usually paid outside closing.
14. 14. Seller credits & lender credits (subtract)
    Negotiated credits reduce your cash to close, enter them as negative numbers.

Download it

Take this checklist with you, Download the worksheet (CSV). Open format, no sign-up, yours to keep.

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