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~ Real Estate in Richard C. Decker P.A. Email : rdecker@mindspring.com Phone : 954-295-9322 Websites : http://www.GaltArea.com http://www.RichardDecker.com |
_____________________ญ_________________________
Typical Estimate of
Closing Costs for a
|
SELLER COSTS |
|
|
$100,000 |
|
Commission |
if 6% of
sale price |
|
6000 |
|
Doc stamps on deed |
$7 per 1000 of sale price |
|
700 |
|
Abstract Continue |
estimate of title company |
|
250 |
|
Recording Fees |
3 pages estimated |
|
15 |
|
RE Transaction Fee |
RE company processing fee |
|
195 |
|
Doc prep |
estimate of closing charge |
|
500 |
|
2% Repair / Replace |
of sale price |
|
2000 |
|
TOTAL |
|
Estimated
Sub Total |
$9,660 |
|
Net before mtg payoff |
|
|
$90,340 |
|
|
|
|
|
|
BUYERS COST |
|
|
|
|
Dwn Pmt |
20.00% |
|
$20,000 |
|
Recording Fees |
Estimated 25 pages |
|
125 |
|
Endorsements |
estimate of closing charge |
|
100 |
|
Title insurance |
5.75/$1000 - 1st $100,000 $5.00/$1000 all over $100,000 of sale
price |
|
1075 |
|
FL 9 (10% of title ins) |
estimate of closing charge |
|
107.5 |
|
Doc stamps on mtg |
$3.50 per $1000 of loan amt |
|
280 |
|
Intangible Tax |
$2.00 per $1000 of loan amt |
|
160 |
|
Mtg
Transaction Fee |
estimate of mtg broker
fee |
|
195 |
|
Origination fee |
1% of loan amt to lender |
|
800 |
|
Courier |
estimate of closing charge |
|
50 |
|
Appraisal fee |
( FHA-$500 appraisal fee) |
|
275 |
|
Condo App Fee |
typical application fee |
|
100 |
|
Credit Report |
typical 3 agency reporting fee |
|
75 |
|
Inspection Report |
estimate of Inspection charge |
|
250 |
|
Doc Prep |
estimate of closing charge |
|
250 |
|
RE Transaction Fee |
RE company processing fee |
|
195 |
|
|
Estimated Closing Charges |
Closing
Subtotal |
$3,843 |
|
TOTAL
DWN+COSTS |
|
|
$23,843 |
|
Insurance 1 yr 2% |
of sale price |
|
$2,000 |
|
|
|
|
|
|
|
Plus Escrows of sale price |
|
|
|
Est 2% of
|
Estimated 3 months Taxes |
|
667 |
|
Est 2% of
|
Estimated 3 months Ins |
|
667 |
|
Est 1% of
|
Estimated 2 month Maint |
|
500 |
|
|
|
|
|
|
|
|
Escrow
Subtotal |
$3,833 |
|
Buyer Cash Needed to Close |
Closing + Dwn Pmt +
Escrows |
TOTAL |
$27,676 |
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Should you have specific questions at this time please E-Mail me and I
will reply to you promptly.
Richard C. Decker P.A. (Professional Association) 954.295.9322 RE/MAX Partners
http://www.RichardDecker.com http://www.GaltArea.com
Information regarded
as reliable, not guaranteed Copyright ฉ 1998-2006 Richard C. Decker P.A. All Rights Reserved.