Find an Office

Who Pays the Closing Costs?

Who Pays the Closing Costs?
Your contract and any applicable government regulations determine who pays which closing costs. Your professional real estate agent can explain these costs to you.

The Buyer generally will pay:

  • Lenders title policy premium, if new loan;
  • Escrow fee, one half;
  • Document preparation, if applicable;
  • Notary fees, if applicable;
  • Recording charges for all documents in Buyers names;
  • Homeowner's Association transfer fee, one half;
  • 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;
  • Assumption/change of records fees for takeover of existing loan;
  • Beneficiary statement fee for assumption of existing loan;
  • Home warranty premium per contract;
  • Hazard insurance premium for first year; and
  • All pre-paid items, such as interest, or funds for an escrow account

The Seller generally will pay:

  • Owner's title insurance premium;
  • Real estate agent's commission;
  • Escrow fee, one half;
  • Any loan fees required by Buyer's lender per contract;
  • All loans in Seller's name (unless existing loan balance is being assumed by Buyer);
  • Interest accrued on loan being paid off, statement fees, reconveyance fees and any prepayment penalties;
  • Termite inspection and any termite repairs per contract;
  • Home warranty premium per contract;
  • Homeowner's Association transfer fee, one half;
  • Any judgments, tax liens, etc., against the Seller;
  • Recording charges to clear all documents of record against Seller;
  • Property taxes: pro-rated to date title is transferred plus any delinquent taxes;
  • Any unpaid Homeowner's Association dues; and
  • Any bonds or assessments per contract

Was this page helpful?
Thanks for the info!
Share Contact us

Give Feedback

  • Issues with a First American Product or Service
    • Home Warranty
      • Tell Us About Your Experience
      • Start a Claim
      • Request a Quote
    • Title Insurance, Escrow or Settlement Services
      • Tell Us About Your Experience
      • Submit a Claim
    • Home Insurance
      • Tell Us About Your Experience
      • Start a Claim
Print Font Size A A A

Help Desk Info and Sign In FAQ's

Help Desk

Phone: 1-866-593-9069

Frequently Asked Questions

Q: I forgot my Username. What do I do?

A: Please select the "Forgot Username" link on the sign-in page or click here to have your username emailed to you.

Q: I forgot my Password. What do I do?

A: Due to security restrictions, we cannot email your password to you. Please select the "Forgot Password" on the sign-in page or click here to reset your password.

Q: How do I get a myFirstAm account?

A: To request a myFirstAm account, please select the "Sign Up" link on the sign-in page. Fill out the form and select "Register Now."
If you have a sales rep "Approval Code," enter it, then select "Register Now" to get your username and temporary password via email for instant access.
If you do not have an approval code, select the name of your First American sales representative and then click "Register Now." Your sales rep will follow up on your request.

Q: I need additional help. Who can I contact?

A: Please contact our Help Desk at 1-866-593-9069 or at

Previously Viewed

Please Contact Me