Escrow and Title.  The 2 main costs charged by escrow companies in Arizona are the escrow fee and the premiums for the title insurance policies. The standard AAR contract used here states that the escrow fees will be split equally between buyer and seller, and the seller will pay for the buyers’ owners title insurance policy and the buyer will pay the lender’s title insurance policy. These costs vary depending on which escrow/title company is used, although they are all pretty similar. The biggest variable is the purchase price of the home, as those costs are a percentage of the purchase price. There are other escrow company charges, but they are relatively minor, thanks to Arizona being one of the lowest closing cost states. Buyers should estimate that all of the escrow and title insurance costs will be around 1% of the purchase price.