Page 14 - Hawaii Top Flyers

BUYER vs. SELLER COSTS

STANDARD ALLOCATION OF CLOSING FEES

BUYER COST SELLER COST

• 40% of the premium for standard coverage • 60% of the premium for standard coverage
title insurance and any additional cost title insurance.
relating to the issuance of extended
coverage policy. • 50% of Escrow Fee
• Cost of drafting conveyance documents and
• Lenders Policy
bill of sale
• 50% of Escrow Fee • Cost of obtaining Seller’s consent

• Cost of drafting mortgage or agreement of
sale • Seller’s notary fees
• Cost of obtaining Buyers consent • Cost of required termite inspection report
• Cost of required Condominium and
• Buyer’s notary fee
Association documents
• All recordings fees except documents • Recording fees to clear Seller’s title
relating to clear Seller’s title
• Condominium and Association ownership • FHA or VA mandatory closing fees
transfer fee
• Conveyance Tax
• FHA or VA discount points and any mortgage
fees • FIRPTA (Federal withholding tax)

• HARPTA (State withholding tax)

07/2021 | © 2021 Old Republic Title | OR2059-DI-HI |
Old Republic Title is providing this information as a free client service
and makes no warranties or representations as to its accuracy.
Old Republic Title strongly recommends consumers confer with their
title insurer as underwriting requirements vary among companies
and further, obtain guidance and advice from qualified professionals,
including attorneys specializing in Real Property, Trusts and/or Title
Insurance to get more detailed, and current, information as to any
particular situation affecting them.