CONVENTIONAL MORTGAGE
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|
SELLERS EXPENSES
|
| 1. Doc stamps on Deed $7.00 per $1,000.00 based on sale
price |
| 2. Real Estate Commission |
| 3. Real Estate Administration Fee |
| 4. Payoff Existing Mortgage (s) |
| 5. Process & Record |
| Satisfaction of Mortgage |
| 6. Courier Fee (if applicable) |
| 7. Taxes Prorated to date of Closing |
| 8. Closing Fee |
| 9. Search I Abstract, City Lien I Tax Search |
| 10. HOA Estoppels Fee |
|
BUYERS EXPENSES
|
| 1. Recording Deed and Mortgage
|
| 2. Doc Stamp on Mortgage |
| $3.50
per $1000 based on mortgage amount |
| 3.
Intangible tax on Mortgage $2.00 per $1000 based on mortgage amount |
| **4.
Owner's Title Insurance policy (promulgated rate) |
| 5.
Simultaneous issue fee for Mortgagee policy |
| 6.
Endorsements to policy (as applicable) |
| 7.
HOA dues and transfer fee (if applicable) |
| 8.
Condo approval fee and dues (if applicable) |
| 9.
Survey |
| 10.
Courier fees |
| 11.
Closing fee, Exam fee |
| 12.
Real Estate Administrative fee |
13.
Lender Fees (See Good Faith Estimate) |
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VA AND FHA MORTGAGE
|
|
SELLERS EXPENSES
|
| 1.
Doc stamps on Deed $7.00 per $1,000.00 based on sale price |
| 2.
Real Estate Commission |
| 3.
Real Estate Administration Fee |
| 4.
Payoff Existing Mortgage (s) |
| 5.
Process & Record Satisfaction of Mortgage |
| 6.
Courier Fee (if applicable) |
7.
Taxes Prorated to date of Closing |
| 8.
Inspections required" by FHA/VA or contract* |
| 9.
Closing Fee |
| 10.
Loan discounts points* |
| 11.
Tax service* |
| 12.
Underwriting fee* |
| 13.
Assignment of Mortgage (if applicable) * |
| 14.
Termite inspection (VA only*) |
| 15.
Home warranty (if applicable) |
| 16.
Search I Abstract, City Lien I Tax Search |
| 17.
Settlement fee, Exam fee |
| 18.
HOAEstoppels Fee |
| 19.
Closing fee |
|
|
BUYERS EXPENSE
|
| 1.
Recording Deed and Mortgage Doc |
| 2.
Stamp on Mortgage $3.50 per $1000 based on mortgage amount |
| 3.
Intangible tax on Mortgage $2.00 $1000 based on mortgage amount |
| 4.
Closing fee, Exam fee |
| **5.
Owner's Title Insurance policy (promulgated rate) |
| 6.
Simultaneous issue fee for Mortgagee policy |
| 7.
Endorsements to lender's policy (as applicable) |
| 8.
HOA dues and transfer fee (if applicable) |
| 9.
Condo approval fee and dues (if applicable) |
| 10.
Survey |
11.
Lender Fees (See Good Faith Estimate) |
|
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| |
|
|
MORTGAGE ASSUMPTION
|
|
SELLER
EXPENSES |
| 1.
Doc stamps on Deed $7.00 per $1,000.00 based on sale price
|
| 2.
Real Estate Commission
|
| 3.
Real Estate Administration fee
|
| 4.
Payoff Existing 2nd or subsequent Mortgage (s) (if applicable)
|
| 5.
Process & Record Satisfaction (if applicable) of 2nd Mortgage
(if applicable) |
| 6.
Courier Fee (if applicable) |
| 7.
Taxes Prorated to date of owner's/Flood Insurance Closing (if required) |
| 8.
Current principal balance of loan being assumed
ment if due within 10 days |
| 9.
Interest prorated through date of closing of closing
|
| 10.
Past due mortgage payment (s) |
| 11.
Home warranty (if applicable) search |
12.
Search/Abstract, City lien/Tax |
| 13.
HOA estoppel fee |
| 14.
Closing Fee |
|
BUYER EXPENSES
|
| 1.
Recording Deed and Mortgage |
| 2.
Doc Stamp on Mortgage $3.50 per $1000 based on mortgage amount |
| 3.
Closing fee, Exam fee |
| 4.
HOA dues and transfer fee(if applicable) |
| 5.
Condo approval fee and dues |
| 6.
Survey |
| 7.
Termite Inspection |
| 8.
First year premium for Home owner's flood insurance if required. |
| 9.
First monthly mortgage payment if due within 10 days of closing. |
| 10.
Existing Escrow Balance |
| 11.
Transfer fee |
| 12.
Real Estate Administrative fee |
|
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| |
|
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CASH TRANSACTIONS
|
|
SELLERS EXPENSES
|
| 1.
Doc stamps on Deed $7.00 per $1,000.00 based on sale price |
| 2.
Real Estate Commission |
3.
Real Estate Administration Fee |
| 4.
Payoff existing Mortgage (s) |
| 5.
Process & Record Satisfaction of Mortgage |
| 6.
Courier Fee (if applicable) |
| 7.
Taxes Prorated to date of Closing |
| 8.
Home Warranty (if applicable) |
| 9.
Search I Abstract, City Lien I Tax Search |
10.
HOA Estoppels Fee |
| 11.
Closing fee |
|
BUYERS EXPENSE
|
| 1.
Recording Deed |
| 2.
HOA dues and transfer fee (if applicable) |
| 3.
Condo approvalfee and dues (if applicable) |
| 4.
Survey (Buyer's Option) |
| 5.
Closing fee, Exam fee |
| **6.
Owner's Title Insurance policy (promulgated rate) |
| 7.
Real Estate Administrative fee |
|
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ITEMS REQUIRED AT CLOSING
|
* IMPORTANT
NOTICES * |
|
| 1.
Photo ID. such as Drivers License, passport or government
LD. |
| 2.
Cashier's or Certified check. |
| 3.
Additional documents required by Lender (if any). |
| 4.
Original Homeowner's Insurance with paid receipt. |
| 5.
Original Condo approval. |
|
| Any of these charges may vary due to
lender and/or contract requirements. These lists are only
designed as guides and should not be relied on solely; buyers
should contact their lender for a "Good Faith Estimate"
of closing costs, and both parties should review their contract
for special agreements.
* If the Buyer obtains a VA or FHA mortgage the Dept. of HUD and VA
require the seller to pay certain of the buyers costs. Please
refer to the "Good Faith Estimate" from the lender.
**
In Palm Beach County owners title policy is paid by seller. |
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