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In some counties the buyer will pay while in others the seller will pay. In other counties the seller will pay for the owner's title policy and the buyer will pay for the lender's policy. But in every case, the question of who pays closing costs is a matter of agreement between the buyer and seller.

The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. If you applied for a mortgage on or before October 3, 2015, or if you are applying for a reverse mortgage, you receive a HUD-1.

While closing disclosures provide information about a borrower's loan, settlement statements do not include loan information. Settlement statements are used for commercial transactions and cash closings.

Payment of this premium can be a negotiable item between the buyer and the seller, but in Southern California the fee for the CLTA policy is customarily paid by the seller while in Northern California, the buyer usually pays this fee. Payment for the ALTA policy is almost always paid by the home buyer.

Although negotiable, it is customary for the property seller to pay for the owner's policy.

A settlement statement is a document listing the terms and conditions of a settlement agreement and details all related costs or credits due to each party. A mortgage loan settlement statement is commonly known as a closing statement.

In Southern California, the seller customarily pays the premium for title insurance. It has been the practice in Northern California that the buyer customarily pays the premium for title insurance, or occasionally the premium is split between buyer and seller.

While this can vary from one transaction to the next, it is customary in Texas for the seller to pay for the owner's title insurance ? while the buyer pays for insurance for the lender. Similar to many closing costs, these fees can be negotiated between buyer and seller.

The settlement statement, also referred to as the HUD-1 settlement statement, is a standard form used to show the final costs in a real estate sales transaction.

How much are closing costs in Texas? Though all the taxes, fees, lender charges and insurance add up, generally neither party pays 100% of all the closing costs. Instead, the seller will typically pay between 5% to 10% of the sales price and the buyer will pay between 3% to 4% in closing costs.