Commission - The commission paid to the real estate brokers associated with the transaction. This includes the commission for both the buyer's agent and the seller's agent. All commissions are negotiable.
Broker Admin Fee - Real estate brokers charge an admin fee, or brokers commission as part of the closing costs. This usually ranges from $350-500.
Title Fee - The fee to prepare the title work for the seller's side of the transaction, usually about $300-350.
Recording Fee - The amount to record documents with the government ($71 per document)
Courier Fee - The amount to courier over the documents ($25 per service)
Lender's Title Insurance - If the buyer has a mortgage, the lender will require title insurance to cover their interests. Title insurance is an insurance product that protects the ownership rights to the property. If there is a dispute in title, this product will step in to help fix the dispute, for the lender. (varies)
Owner's Title Insurance - This product is to protect the buyer's interest in the title. (varies)
Title Search and Exam Fee - In order to convey the title to the buyer, we need to know the history of the title. This is to research the history and make sure that all the pieces are there. (varies, $500ish)
Title Services - This fee is for miscellaneous services such as courier fees. About $100.
State Deed Tax - $0.0033 to $0.0034 per $1000, depending on the county
Conservation Fee - $5
Special Assessments - Any special assessments usually are paid by the seller.
Balance of Real Estate Taxes Due - Taxes due prorated to the day of closing. This can be a credit or a debit.
Interest Adjustment - One full month of interest on your current loan.