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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 |
|
|
$200,000 |
|
Commission |
if 6%
of sale price |
|
12000 |
|
Doc
stamps on deed |
$7
per 1000 of sale price |
|
1400 |
|
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 |
|
4000 |
|
TOTAL |
|
Estimated
Sub Total |
$18,360 |
|
Net
before mtg payoff |
|
|
$181,640 |
|
|
|
|
|
|
BUYERS
COST |
|
|
|
|
Dwn Pmt |
20.00% |
|
$40,000 |
|
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 |
|
560 |
|
Intangible
Tax |
$2.00
per $1000 of loan amt |
|
320 |
|
Mtg
Transaction Fee |
estimate
of mtg broker fee |
|
195 |
|
Origination
fee |
1% of
loan amt to lender |
|
1600 |
|
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 |
$5,083 |
|
TOTAL
DWN+COSTS |
|
|
$45,083 |
|
Insurance
1 yr 2% |
of
sale price |
|
$4,000 |
|
|
|
|
|
|
|
Plus
Escrows of sale price |
|
|
|
Est 2% of
|
Estimated
3 months Taxes |
|
1,333 |
|
Est 2% of
|
Estimated
3 months Ins |
|
1,333 |
|
Est 1% of
|
Estimated
2 month Maint |
|
1,000 |
|
|
|
|
|
|
|
|
Escrow
Subtotal |
$7,667 |
|
Buyer
Cash Needed to Close |
Closing
+ Dwn Pmt + Escrows |
TOTAL |
$52,749 |
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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.