For Condominiums:
Attorney: |
$1,500 - $4,000 + |
Bank fees (if financing): |
* Points: |
0 – 2% of loan value (optional) |
* Credit check, application, etc: |
$300.00 |
* Bank Attorney: |
$500.00 |
* Short Term Interest: |
Up to 1 month |
* Tax Escrows: |
2 to 6 months |
* Bank Underwriting fees: |
$ 350.00 |
* Appraisal Fees: |
$300.00 to $750. 00
(depends on the price of the apartment) |
Mortgage Tax |
2.05% of loan amount on loans under $500,000.00 2.175% of loan amount on loans over $500,001.00 |
Mortgage Title Insurance: |
Approx. $500.00 per $100,000.00 |
Recording Fees: |
$100.00 |
Fee Title Insurance: |
Approx. $ 675.00 per $100,000.00 |
Violation Search: |
$170.00 |
Managing Agent Fee: |
$250.00 |
Common Charge Adjustment: |
1 Month’s worth |
Real Estate Tax adjustment: |
1 – 3 Months |
Mansion Tax: |
1% for Selling Prices over $1,000,000.00 |
For Co-operatives
Attorney: |
$1,500 - $5,000 + |
Bank fees (if financing): |
* Points: |
0 – 2% of loan value (optional) |
* Credit check, application, etc: |
$300.00 |
* Bank Attorney: |
$500.00 |
* Short Term Interest: |
Up to 1 month |
* UCC-1 Filing Fee: |
$20.00 |
* Bank Underwriting fees: |
$350.00 |
* Appraisal Fees: |
$300.00 to $750.00
(depends on the price of the apartment) |
Move-in Deposit: |
$500.00 |
Lien Search: |
$250.00 |
Maintenance Adjustment: |
1 Month |
Real Estate Tax adjustment: |
1 – 3 Months |
Mansion Tax: |
1% for Selling Prices over $1,000,000.00 |
PLEASE NOTE: The above are estimates, and all information is subject to changes, omissions and errors in fact or circumstance. |