|
|
|
Sellers
Closing Costs - Conventional Loan |
| The
following is an example of fees / costs that a Seller
can expect to pay when selling his home home to a Buyer
who is applying for Conventional Financing: |
|
Escrow Fees : |
- Base
Escrow Fee ($2.00/$1,000 of sales price plus $200.00)
- Document
Preparation Fee ($75.00)
- Demand
Fee ($50.00) each demand
- HOA
Statement ($50.00)
- Audit
Fee ($20.00)
- Misc.
Fees - Buffer $350.00 (refunded if not used)
|
|
|
|
|
|
Title Fees : |
- Lenders
Title Policy (see title chart / ALTA policy - charges
vary from company to company)
- Documentary
Transfer Tax ($1.10 / $1,000; if applicable, other
cities have City Transfer Tax)
- Sub
Escrow Fee ($65.00)
- Recording
Fees ($25.00 - $40.00)
- Title
Company Wire Fee ($35.00)
|
|
|
Real Estate Broker Fees : |
- Service
Fee/Commission (6%)
- Transaction
Coordinator Fee ($250.00 - $500.00)
|
|
| Seller's
Loan Payoff: |
- Principal
(remaining balance due on existing loan)
- Interest
(1 month payment)
- Payoff
Statement/Demand Fee ($60.00 per loan)
- Recording
fee for release $25
- Prepayment
penalty, if any (see existing Note)
|
|
|
|
|
| Terminate
Company Fees : |
- Service
Fee / Commission (6%)
- Transaction
Coordinator Fee ($250.00 - $500.00)
|
|
|
Homeowners Association, if any : |
- Homeowners
Dues (monthly HOA amount)
- Transfer
Fee ($150.00 - $350.00)
- HOA
Doc Fee ($100.00 - $250.00)
|
|
|
|
|
| Other
Charges |
- Home Warranty
($350.00 plus add'l features)
- Property Hazard
Disclosure ($49.00 - $120.00)
- Withholding
for Franchise Tax Board 3.33% of sales
price (Investment Property)
- Prorations
of Taxes and HOA dues, if applicable
|
|
|
|
| |
Note:
The above information is only an approximate
estimate of fees that a Seller may be required
to pay and cannot be guaranteed. Fees will vary
depending on the type of transaction the Seller
enters into; FHA, VA, Conventional etc. This information
is designed to assist the Seller in estimating
costs. Be aware that lender, title company and
escrow charges vary from company to company. |
|
| |
|
Refinance
Closing Costs - Conventional Loan |
The
following is an example of fees/costs that a Borrower
can expect to pay when refinancing his current residence
with Conventional Financing: |
|
|
Escrow Fees : |
-
Loan Origination Fee (1% of loan amt.
or ask lender for quote)
- Loan
Discount (1.5% of loan amt. or ask lender
for quote)
- Appraisal
Fee ($350.00 - $800.00)
- Credit
Report ($50 - $60.00 per person on new
loan)
- Processing
Fee ($250.00 - $700.00)
- Underwriting
Fee ($350.00-$700.00)
- Lender's
Inspection Fee ($75.00-$150.00)
- Document
Preparation Fee ($250.00 - $500.00)
- Tax
Service ($75.00)
- Flood
Certification ($25.00 - $75.00)
- Wire
Fee to Lender ($25.00 - $100.00)
- Prepaid
Interest (Int. rate x loan amt. ) 12 )
30 = per diem
x # of days used Max. 30 days)
*(contact
your lender for
an exact quote of lender charges)
|
|
|
| |
|
|
|
|
Title Fees : |
| |
Lenders
Title Policy (see title chart / ALTA policy -
charges vary from company to company)
Sub
Escrow Fee ($125.00)
Endorsement
Fee ($150.00 - $200.00) |
| |
Recording
Fees :
|
| |
| |
Deed of Trust ($75.00) |
| |
Misc.
Recording Fees (Quitclaim deed, etc. $20.00)
|
|
- Title
Company Wire Fee ($35.00)
|
|
|
|
Existing Loan Payoff : |
- Principal
(remaining balance due on existing loan)
- Interest
(1 month payment)
- Payoff
Statement/Demand Fee ($30.00 per loan)
- Reconveyance
Fee ($45.00 per loan)
- Recording
fee for release $25.00
- Prepayment
penalty, if any (see existing Note)
|
|
|
|
| Lender/Mortgage
Broker Fees |
| |
(See
Buyer's Closing Costs above) |
|
|
| |
| |
Note:
The above information is only an
approximate estimate of fees that a Borrower
may be required to pay and cannot be guaranteed.
Be aware that lender, title company and
escrow charges vary from company to company.
. |
| |
|
|
|
