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Closing
Costs
CONVENTIONAL
MORTGAGE CLOSING COSTS
Charges to Seller
- Doc Stamps Deed at ($.60 Dade) ($.70 Broward) per
$100.00 (based on purchase price)
- Abstract $250.00 (approx.)
- Real estate commission
- Pay off existing loan(s)
- Recording fee - satisfaction of mortgage $6.00
- Tax proration to date of closing
- Courier/express fees
- Settlement fee $250.00 (approx.)
Charges to Buyer
- Recording fees: $6.00 for first page, $4.50 for
additional page. Deed $6.00. Mortgage, approx: $37.50
condo Approval $6.00
- Owners title insurance (rate schedule @ purchase
price)
- Simultaneous issue of lenders title ins. $200.00
- Title update $95.00
- Loan closing costs: 3% - 6% of loan amount (includes
loan points, credit report, and appraisal.)
- Doc stamps note at $.35 per $100.00 of mortgage
amount
- Intangible tax mtg. At $.20 per $100.00 or mortgage
amount
- Prepaids (if applies). 1 year homeowners insurance,
1 year flood insurance
- Survey: $225.00 to $300.00 (if required) (approx.)
- Inspections: Termite: $50.00 (approx.) Roof: $50.00
(approx.)
- Escrows: taxes - 2 months if closed in November
add one month for each month thereafter. - Homeowners:
2 mo. (if applies) - Flood: 2 mo. (if applies) - PM1:
2 mo. (if loan over 80% of value)
- Proration of appliance policy (if applies)
- Condos approval $50.00 (if applies) (approx.)
- Prorated maintenance $25.00 each
- ALTA endorsements $25.00 each
- From 9 approx: 10% of owners policy of title insurance
rate
- Interest: day of closing to end of current month
- Courier/express fees
- Title examination $195.00
- Settlement fee $195.00
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CASH
TRANSACTIONS: CLOSING COSTS
Charges to Seller
- Doc stamps deed at ($.60 Dade) ($.70 Broward) per
$100.00 (based on purchase price)
- Abstract $250.00
- Tax proration to date of closing
- Pay off existing loan(s)
- Real estate commission
- Recording fee $6.00/Affidavit or Satisfaction
- Courier/express fees
- Settlement fee $250.00
Charges to Buyer
- Recording fees: Deed $6.00, Condo Approval $6.00
- Owners title insurance (Rate schedule @ purchase
price)
- Prepaid maintenance or recreation fee (if applies)
- Title update $95.00
- One year homeowners insurance (Buyer should obtain)
- Inspection Costs: (as per contract) Termite: $50.00
(approx.)Roof: $50.00 (approx.)
- Proration of appliance policy (if applies)
- Condos approval $50.00 (if applies,approx.)
- Courier/express fees
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VA/FHA
TRANSACTION: CLOSING COSTS
Charges to Seller
- Doc Stamps Deed at ($.60 Dade) ($.70 Broward) per
$100.00 (based on purchase price)
- Abstract $250.00
- Discount points (PREVAILING)
- Photos: $30.00
- Amortization schedule $5.00 (VA)
- Real estate commission
- Pay off existing loan(s)
- Inspections: Termite: $50.00 (approx.) Roof: $50.00
(if required, approx.)
- Tax proration to date of closing
- Code inspection $50.00 (where required, approx.)
- Assignment of mortgage $6.00 (if applies)
- Recording fee - satisfaction of mortgage $6.00
- Courier/express fees
- Settlement fee $250.00
- Unallowable charges of buyer of approx. $500.00
charged to seller
Charges to Buyer
- Origination fee 1% of Mortgage
- Credit report: $55.00 (approx.)
- Appraisal fee: $250.00 (approx.)
- Interest: day of closing to end of current month
(new loan)
- Prepaids (if applies): 1 year homeowners insurance,
1 year flood insurance
- Survey: $225.00 to $300.00 (if required, approx.)
- Owners title insurance rate schedule @ purchase
price)
- Simultaneous issue of lenders title ins. $200.00
- Title update $95.00
- Escrows: Taxes - 2 months if closed in November:
add one month for each month thereafter. - Homeowners:
2 mo. (if applies) Flood: 2 mo. (if applies) - PM1:
2 mo. (if loan over 80% of value)
- Recording fees: $6.00 for first page, $4.50 for
additional page. Deed $6.00. Mortgage, approx.: $37.50
condo Approval $6.00
- VA funding fee 1.25% of Mtg.
- ALTA endorsements $25.00 each
- From 9 approx.: 10% of owners policy of title insurance
rate
- Doc stamps note at $.35 per $100.00 or mortgage
amount
- Intangible tax mtg. at $.20 per $100.00 of mortgage
amount
- Title examination $195.00
- Settlement fee $195.00
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| Note: These
estimates are subject to change. Settlement statements
areprepared by closing agent, not real estate brokers.
Information is subject to errors and/or omissions. If
you have questions, you are advised to talk with your
attorney. |
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