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Closing Costs

CONVENTIONAL MORTGAGE CLOSING COSTS
Charges to Seller
Doc Stamps Deed at ($.60 Dade) ($.70 Broward) per $100.00 (based on purchase price)
Abstract $250.00 (approx.)
Real estate commission
Pay off existing loan(s)
Recording fee - satisfaction of mortgage $6.00
Tax proration to date of closing
Courier/express fees
Settlement fee $250.00 (approx.)

Charges to Buyer
Recording fees: $6.00 for first page, $4.50 for additional page. Deed $6.00. Mortgage, approx: $37.50 condo Approval $6.00
Owners title insurance (rate schedule @ purchase price)
Simultaneous issue of lenders title ins. $200.00
Title update $95.00
Loan closing costs: 3% - 6% of loan amount (includes loan points, credit report, and appraisal.)
Doc stamps note at $.35 per $100.00 of mortgage amount
Intangible tax mtg. At $.20 per $100.00 or mortgage amount
Prepaids (if applies). 1 year homeowners insurance, 1 year flood insurance
Survey: $225.00 to $300.00 (if required) (approx.)
Inspections: Termite: $50.00 (approx.) Roof: $50.00 (approx.)
Escrows: taxes - 2 months if closed in November add one month for each month thereafter. - Homeowners: 2 mo. (if applies) - Flood: 2 mo. (if applies) - PM1: 2 mo. (if loan over 80% of value)
Proration of appliance policy (if applies)
Condos approval $50.00 (if applies) (approx.)
Prorated maintenance $25.00 each
ALTA endorsements $25.00 each
From 9 approx: 10% of owners policy of title insurance rate
Interest: day of closing to end of current month
Courier/express fees
Title examination $195.00 Settlement fee $195.00

VA/FHA TRANSACTION: CLOSING COSTS 
Charges to Seller
 Doc Stamps Deed at ($.60 Dade) ($.70 Broward) per $100.00 (based on purchase price)
Abstract $250.00
Discount points (PREVAILING)
Photos: $30.00 Amortization schedule $5.00 (VA)
Real estate commission
Pay off existing loan(s)
Inspections: Termite: $50.00 (approx.)
Roof: $50.00 (if required, approx.)
Tax proration to date of closing
Code inspection $50.00 (where required, approx.)
Assignment of mortgage $6.00 (if applies)
Recording fee - satisfaction of mortgage $6.00
Courier/express fees
Settlement fee $250.00
Unallowable charges of buyer of approx. $500.00 charged to seller

Charges to Buyer
1. Origination fee 1% of Mortgage
2. Credit report: $55.00 (approx.)
3. Appraisal fee: $250.00 (approx.)
4. Interest: day of closing to end of current month (new loan)
5. Prepaids (if applies): 1 year homeowners insurance, 1 year flood insurance
6. Survey: $225.00 to $300.00 (if required, approx.)
7. Owners title insurance rate schedule @ purchase price)
8. Simultaneous issue of lenders title ins. $200.00
9. Title update $95.00
10. Escrows: Taxes - 2 months if closed in November: add one month for each month thereafter. - Homeowners: 2 mo. (if applies) Flood: 2 mo. (if applies) - PM1: 2 mo. (if loan over 80% of value)
11. Recording fees: $6.00 for first page, $4.50 for additional page. Deed $6.00. Mortgage, approx.: $37.50 condo Approval $6.00
12. VA funding fee 1.25% of Mtg.
13. ALTA endorsements $25.00 each
14. From 9 approx.: 10% of owners policy of title insurance rate
15. Doc stamps note at $.35 per $100.00 or mortgage amount
16. Intangible tax mtg. at $.20 per $100.00 of mortgage amount
17. Title examination $195.00
18. Settlement fee $195.00
Note: These estimates are subject to change. Settlement statements are prepared by closing agent, not real estate brokers. Information is subject to errors and/or omissions. If you have questions, you are advised to speak with an attorney.

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