ESTIMATED CLOSING COSTS


 
For Buyer:

Co-ops Condos, Townhouses & Single-Family Homes
Purchaser’s Attorney:
$650 and up $650 and up
Lien Search: Title Insurance:
$250-$350 approx. $500 per $100,000 of purchase price
Managing Agent:
$500 - $750 $250 - $750
Move-in Deposit:
$500 - $1,000 (usually refundable if no damage) $500 - $1,000 (usually refundable if no damage)
Maintenance Adjustment: Common Charge Adjustment:
up to one month up to one month
N/A
Working Capital Fund Adjustment:

up to one month
Additional Bank Fees (if financing)
Application, Credit and Appraisal:
$450-$700 $450-$700
Bank Attorney:
$550-$950 $550-$950
Points:
0-3% of loan 0-3% of loan
UCC Filing Fees: Recording Fees:
$75-$150 $250-$350
Short Term Interest:
up to one month up to one month
N/A
Bank Escrow:

2-6 months of real estate taxes
N/A
Mortgage Recording Tax:

1.8% of mortgage on loans under $500,000; 1.925% of mortgage on loans $500,000 or more (in addition, lender separately pays 0.25% of recording tax)







Logo
97-11 64th Rd,
Rego Park, New York 11374
Email: jingchin@aol.com
Tel: 718-897-9888/8828
Text: 516-986-0688
We speak English,
Mandarin &
Cantonese