Closing Costs For Sellers

For Condominiums:

Attorney:

 

   Bank Fees (If financing) :  

 

   Points- 

 

   Credit check, application, etc:

 

   Bank Attorney:

 

   Short Term Interest:

 

   Tax Escrows:

 

   Bank Underwriting fees:

 

   Appraisal Fees:

Mortgage Tax

 

 

Mortgage Title Insurance:

 

Recording Fees:

 

Fee Title Insurance:

 

Violation Search:

 

Managing Agent Fee:

 

Common Charge Adjustment:

 

Real Estate Tax adjustment:

 

Mansion Tax:

 

 $ 1,500 - $ 5,000 +

 

 

 

0 – 2% of loan value (optional)

 

$ 300

 

$ 650 - $ 750

 

Up to 1 month

 

2 to 6 months

 

$ 350

 

$ 300 - $ 750 (depends on the price of the apartment)

 

1.80% of loan amount on loans under $ 500,000

1.925% of loan amount on loans over $ 500,001

 

Approx. $ 130 per $ 100,000

 

$ 250 to $ 750

 

Approx. $ 450 per $ 100,000

 

$ 170

 

$ 250

 

1 Month’s worth

 

1 – 3 Months

 

1% for Selling Prices over $ 1,000,000

For Co-operatives

Attorney:

 

Bank Fees (If financing) :  

 

Points- 

 

Credit check, application, etc:

 

Bank Attorney:

 

Short Term Interest:

 

UCC-1 Filing Fee:

 

Bank Underwriting fees:

 

Appraisal Fees:

 

Move-in Deposit:

 

Lien Search:

 

Maintenance Adjustment:

 

Real Estate Tax adjustment:

 

Mansion Tax:

 

 

 

 

 $ 1,500 - $ 5,000 +

 

 

 

0 – 2% of loan value (optional)

 

$  300

 

$ 650 - $ 750

 

Up to 1 month

 

$ 20

 

$ 350

 

$ 300 - $ 750 (depends on the price of the apartment)

 

$ 500

 

$ 250

 

1 month

 

1 – 3 Months

 

1% for Selling Prices over $ 1,000,000

PLEASE NOTE: The above are estimates, and all information is subject to changes, omissions and errors in fact or circumstance

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