Seller’s Estimated Charges
Download a copy of the Sellers Estimated Charges.
Please note, all charges are estimates and subject to change. Please contact your lender for actual charges. Additional fees and charges may apply to all mobile home and/or For Sale By Owner transactions.
Title Insurance Premium Rates
To view the title insurance premium rates for Texas, please visit the Texas Department of Insurance website.
Seller’s Charge Definitions
Amortization Schedule - Schedule Showing principal and interest payments throughout the life of the loan.
Attorney’s Fee - Charge for representation by legal counsel of choice.
Commission - Fee paid by seller to Real Estate agents for sale of property.
Discount Points - Points lender charges to increase the investor’s yield. May be paid by either buyer and/or seller on conventional loans and FHA loan. Must be paid by seller on VA loans. Number of points fluctuates with mortgage.
Document Preparation Fee - Charges by independent attorney for preparation of legal documents.
Escrow Fee - Charges by title company to service transaction and to escrow money and documents. Amount varies with company. Usually split equally between buyer and seller.
Flood Certificate - Required by lender to obtain information designating the status of subject property in regards to flood plains.
Inspection Fee - As required by lender to satisfy Property Condition Addendum. May be a negotiated requirement on a cash contract.
Messenger Fee - Covers delivery charges incurred.
Owner’s Title Policy – insures buyer against loss due to any defect of the title not excepted to or excluded from the policy.
Payoff - amount needed to pay off existing lien on property being sold. Amount includes principal plus accrued interest through the date of funding.
Recording Fee - Charged by County Clerk to record documents in the public records. Charges are based on per page recorded.
Repairs - Any repairs required by lender and/or warranted by inspections that are to be paid at closing.
Tax Certificates - Issued by taxing authorities showing the amount of the current year’s taxes and the last date that taxes were paid.
Tax Proration - Seller pays buyer taxes from January 1 through the day of closing.
Tax Service Fee - Fee required by lender for collection and disbursement of tax escrow by a servicing company.
Termite Inspection Fee - Required by lender to show property free and clear of active termites. May be a negotiated requirement on a cash contract.
Underwriting Fee - Fee lender charges for underwriting the loans on behalf of the investor.
Warehouse Fee - Charged by lender to cover his cost in borrowing funds for a short term in order to fund a mortgage, prior to selling the mortgage to an investor.
