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