Understand your closing costs.
Closing costs can feel like a wall of line items. This guide explains what each charge is, who typically pays it, and how to get a personalized estimate.
The big picture
What goes into your closing costs?
Closing costs are the fees and charges you pay to finalize a real estate transaction, on top of your down payment. They usually run a few percent of the purchase price and fall into a handful of categories: title and settlement charges, lender fees, government recording and transfer charges, and prepaid items like taxes and insurance.
- Title and settlement charges
- Government recording and transfer charges
- Prepaid taxes, insurance, and reserves
Typical closing-cost line items.
Lender's Title Insurance
Protects your lender's investment. Usually a buyer cost, based on the loan amount.
Owner's Title Insurance
Protects your ownership. Who pays varies by contract; in many Arizona deals the seller covers it.
Escrow / Settlement Fee
Our fee for handling the neutral escrow and settlement. Often split between buyer and seller.
Recording Fees
Charged by the county to record the deed and mortgage in the public record.
Transfer Charges
Government charges tied to transferring the property. These vary by jurisdiction.
Prepaids & Reserves
Prepaid property taxes, homeowners insurance, and escrow reserves collected at closing.
No surprises
Estimate before you sign.
You should never see your closing figure for the first time at the signing table. We prepare an accurate estimate early and balance the final closing disclosure with your lender so the numbers are right the first time. Ask us for a personalized estimate for your specific purchase or refinance.
- Early, accurate estimates
- Closing disclosures that balance on the first try
- A real person to walk you through every figure
Closing cost questions.
Who pays for title insurance in Arizona?
It depends on your contract. In many Arizona transactions the seller pays for the owner's policy and the buyer pays for the lender's policy, but this is negotiable and spelled out in your purchase agreement.Can I get an estimate before I am under contract?
Yes. Give us the basic details of the property and loan and we will prepare an estimate so you can budget with confidence.Why did my final number change from the estimate?
Small changes happen as prepaids, per-diem interest, and reserves are finalized close to signing. We review every change with you so nothing is a surprise.
Ready when you are
Want a personalized closing-cost estimate?
Send us your property and loan details and we will put together a clear, itemized estimate for your closing.
