| FOR
SELLER |
|
| Broker.............................................................. |
2% to 6% |
Own Attorney................................................... |
$3,500 and
up |
| New York City
Transfer Tax........................... |
1.425% of
purchase price if purchase price under 500,000 |
|
2.625% of purchase
price if purchase price over 500,000 |
| |
(plus $25
filing fee) |
| New York State
Transfer Fee........................ |
$2 for every
$500 of purchase price |
| Misc. Title
Company Fees............................. |
$100 |
|
|
| FOR BUYER |
|
Own Attorney................................................. |
$3,500 and
up |
| Bank Fees |
|
| points*...................................................... |
0 to 3% |
| application
& credit ................................ |
$350 to $500 |
|
Bank Attorney*........................................ |
$2,500 and
up |
|
Appraisal*................................................ |
$2,500 |
| Recording
Fees.............................................. |
up to $500 |
| Mortgage Tax.................................................. |
2% of amount
of mortgage on loans under $500,000 or 2.75% of amount of mortgage on
loans over $500,000 |
| Title Insurance................................................. |
Approx. $675
per $100,000 |
| MortgageTitle Insurance................................ |
Approx. $500
per $100,000 |
| Violation
Search............................................. |
$250 |
| Short-term
Interest.......................................... |
up to one
month |
| Bank Escrows................................................. |
2 to 6 months
of real estate taxes |
|
| *Where applicable
|
|