When it comes to real estate transactions in Texas, generally the costs are split as shown below.
The Buyer:
All new loan charges
Prorated interest on new loan
Escrow fee (one half)
Title insurance premium for Lender’s policy
Homeowner’s insurance premium
Inspection fees
Accommodation signing fees for mail-out closings, if applicable
Tax proration (from date of acquisition)
Recording charges for all documents in Buyer’s name
The Seller:
Real estate commission
Title Insurance premium for Owner’s policy
Escrow fee (one half)
Payoff of all loans in Seller’s name
Interest accrued to lender being paid off
Home warranty (or according to the contract)
Any judgments, tax liens, etc., in Seller’s name
Any and all taxes due
Tax proration
Any applicable homeowner’s association dues
Recording charges to clear all documents of record in Seller’s name
Any bonds or assessment
Accommodation signing fees for mail-out closings, if applicable