-
COMPASS
136 N 10th Street
Brooklyn, New York 11249
110 5th Ave. 3rd Floor
Manhattan, NY 10011 -
THE BARAK BLACKBURN TEAM
| FEE | ESTIMATED COST | APPROXIMATE COST |
|---|---|---|
| Your Attorney | 0–3% of loan value | $ |
| Points | $1,500–$3,000 | $ |
| Bank Application, Credit Check, etc. | $400–$600 | $ |
| Bank Attorney | $500–$1,500 | $ |
| Board Package Processing Fee | $500–$2,000 | $ |
| Appraisal | $300–$1,500 | $ |
| Tax Escrow | 2–6 months of taxes | $ |
| Move-in Deposit | $500–$2,000 (refundable) | $ |
| Recording Fees | $1,500–$3,000 | $ |
| Mortgage Tax (less than $500,000) | 1.80% | $ |
| Mortgage Tax ($500,000+ on 1–3 family dwellings) |
1.925% | $ |
| Mortgage Tax (all other property types over $500,000) |
2.80% | $ |
| Title Insurance | 0.5%–0.8% depending upon the purchase price |
$ |
| Violation Search | $400–$500 | $ |
| Common Charges Adjustment | Pro-rated during for the month of closing | $ |
| Real Estate Tax Adjustment | Pro-rated during for the month of closing | $ |
| Mansion Tax | Pro-rated amount depends on when the tax is collected | $ |
| Common Charges Adjustment | 1% of price for all sales over $1,000,000 | $ |
| Title Fee Closer | $100–500 |
| FEE | ESTIMATED COST | APPROXIMATE COST |
|---|---|---|
| Your Attorney | $1,500–$3,000 | $ |
| Points | 0%–3% | $ |
| Bank Application, Credit Check, etc. | $400–$600 | $ |
| Bank Attorney | $500–$800 | $ |
| UCC 1 Filing | $75 | $ |
| Board Package Processing Fees | $500–$2,000 | $ |
| Appraisal | $300—$1,500 | $ |
| Move-in Fee | $250—$500 | $ |
| Move-in Deposit | $500–$1,000 | $ |
| Recognition Agreement Fee | $200—$300 | $ |
| Lien Search Fee | $200—$300 | $ |
| Maintenance Adjustment | Pro-rated for the month of closing. |
$ |
| Mansion Tax | 1% of price for all sales over $1,000,000 |
$ |
| Miscellaneous Co-op Charges | Varies by building. Consult the cooperative’s Transfer Agent & Board Package. |
$ |
| FEE | ESTIMATED COST | APPROXIMATE COST |
|---|---|---|
| Your Attorney | $1,500–$3,000 | $ |
| Points | 0%–3% of loan value | $ |
| Bank Loan Application Fees | $400–$600 | $ |
| Appraisal | $300–$1,500 | $ |
| Bank Attorney | $500–$1,500 | $ |
| Tax Escrow | Typically 2–6 months of property taxes |
$ |
| Mortgage Title Insurance | 0.5%–0.8% depending on the purchase price |
$ |
| Real Estate Tax Adjustment | Pro-rated amount depends on when the tax is collected |
$ |
| Mansion Tax | 1% of price for all sales over $1,000,000 |
$ |
| Recording Fees | $200—$800 | $ |
| Municipal Search | $350—$500 | $ |
| Mortgage Tax < $500,000 | 1.80% | $ |
| Mortgage Tax > $500,000 | 1.925% | $ |
| Miscellaneous Title Fees | $200–$500 | $ |
| Pick-up / Payof Fee to Title Closer | $100–$300 | $ |
COMPASS
136 N 10th Street
Brooklyn, New York 11249
110 5th Ave. 3rd Floor
Manhattan, NY 10011
THE BARAK BLACKBURN TEAM