Closing Costs Seller’s Settlement Sheet. What do the numbers mean?

Thinking about buying or selling a home in the Parker, Colorado area? Here are answers to the most often asked questions I receive about the real estate transaction. Real Estate closing fees and mountains of numbers on your settlement sheet at closing can be quite overwhelming. What I’ve done is enlisted the help of good friend Jim Renshaw [EMAIL JIM or 303-906-1915] over at Land Title here in Parker, Colorado to help explain the fees and what they mean.

Land Title Parker Colorado

Settlement Figures Explained

Seller – Conventional Loan

FHA & VA Real Estate Transaction Costs are discussed below.

See the FULL Real Estate Closing Costs Spreadsheet Here!

[iframe width=”490″ height=”550″]https://spreadsheets.google.com/pub?key=rHejzxdMjYprjJE0xvAGbcA&output=html&widget=true[/iframe]

For FHA transactions the seller may also be REQUIRED to pay the following BUYER costs.

1. Tax Service Fee: $75
2. Document Preparation Fee: (if lender prepares) $150 to $295.
3. Underwriting Fee: $100.

For a VA loan real estate transaction the SELLER may be REQUIRED to pay the following BUYER costs.

1. Loan Closing Fee: $250
2. All of the real estate clsoing fee: $250
3. Tax service fee (if lender charges this) $75
4. Document Preparation Fee (if lender prepares them) $150 to $350.
5. Underwriting Fee: $100 to $500.

Thank you to Jim Renshaw at Land Title here in Parker, Colorado for providing these facts.

Land Title Office Locator CLICK HERE.