Buyers and Sellers pay different amounts for Closing Costs depending on negotiated deal points in the Purchase Agreement. I can give you a ballpark range of costs based on a property you are interested in either buying or selling. Please email me if you would like an estimate.
Below is an example of a Buyer purchasing a property for $1,000,000 putting 20% down ($200,000).
Report Prepared for: Lori Frankfort as Buyer
North Hollywood, CA 91602 |
|
| Item |
Debit Buyer |
Credit Buyer |
| Sales Price |
$1,000,000.00 |
|
| New Loan |
|
$800,000.00 |
| Loan Origination Fees: (if paying a 1% fee to lender) |
$8,000.00 |
|
| Down Payment |
|
$200,000.00 |
| Property Taxes due from Buyer |
$0.00 |
|
| Homeowners Association Fees (6/4/2012 to 7/1/2012) |
$0.00 |
|
| Escrow Fee ($2,500.00 Split between Buyer & Seller) |
$1,250.00 |
|
| Title Fee ($2,319.00 Paid by Seller) |
$0.00 |
|
| Lender’s Policy Title Fee ($806.00 Paid by Buyer) |
$806.00 |
|
| County Recording Fee (14 estimated pages) |
$23.00 |
|
| Transfer Tax ($1,100.00 Paid by Seller) |
$0.00 |
|
|
| Debit Subtotal |
$1,010,079.00 |
|
| Credit Subtotal |
|
$1,000,000.00 |
|
| Estimated Net Due at Closing |
$10,079.00 |
|
|
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