CONDO 

• Attorney: Consult your attorney
• Bank Fees: $350-$750
• Application Fee: $350
• Processing Fee: $330
• Appraisal Fee: $300-$1,500 (depending on sales price)
• Credit Report Fee: $10.10 single/$15.20 joint
• Bank Attorney: $650-$750
• Tax Escrows: 2 to 6 months
• Recording Fees: $250-$750
• Fee Title Insurance: Amounts vary, please consult your attorney
• Mortgage Title Insurance: Amounts vary, please consult your attorney
• Municipal Search: $350-$500
• Mansion Tax: 1% of entire purchase where price is $1,000,000 or more.
• NYC Mortgage Tax (paid by borrower):

a) Mortgage less than $500,000 = 1.80%             b) Mortgage $500,000+ on 1-3 family residential dwelling = 1.925%                                   c) Mortgage on all other property over $500,000.00 = 2.80%

ADDITIONAL REAL ESTATE EXPENSES

• Common Charge Adjustment: Pro-rated for the month of closing
• Real Estate Tax Adjustment: Pro-rated depending on when the tax is collected
• Miscellaneous Condominium Charges: Vary by building
• Short Term Interest: Equal to interest for balance of month in which you close
• Note: For condominiums in new developments, the Purchaser will pay costs normally paid by the Seller. These include Seller attorney fees as well as NY and NYC Transfer Taxes.

CO-OP

• Buyer’s Attorney: Consult your attorney
• Bank Fees: $350-$750
• Application Fee: $350
• Processing Fee: $330
• Appraisal Fee: $300-$1,500 (depending on sales price)
• Credit Report Fee: $10.10 single/$15.20 joint
• Bank Attorney: $650-$750
• Lien Search: $250-$350
• UCC-1 Filing: $100
• Mansion Tax: 1% of entire purchase price where price is $1,000,000 or more.
• ADDITIONAL REAL ESTATE EXPENSES
• Miscellaneous Co-op Charges: Vary by building
• Recognition Agreement Fee: $200+
• Maintenance Adjustment: Pro-rated for the month of closing
• Short Term Interest: Equal to interest for balance of month in which you close

TOWNHOME/SINGLE FAMILY

• Buyer’s Attorney: Consult your attorney
• Bank Fees: $750
• Application Fee: $350
• Processing Fee: $330
• Appraisal Fee: $300-$1,500 (depending on sales price)
• Credit Report Fee: $10.10 single/$15.20 joint
• Bank Attorney: $650-$750
• Tax Escrows: 2 to 6 months
• Recording Fees: $250-$750
• Fee Title Insurance: Amounts vary, please consult your attorney
• Mortgage Title Insurance: Amounts vary, please consult your attorney
• Municipal Search: $350-$500
• NYC Mortgage Tax (paid by borrower):

a) Mortgage less than $500,000: 1.80%.            b) Mortgage $500,00 or more: 1.925% of loan amount