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CLOSING
COSTS NEW YORK VS
CONNECTICUT |
Purchase Price
$1,300,000, Mortgage Amt $800,000 |
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SINGLE FAMILY RESIDENCE |
EXPENSE ITEM |
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NYC Coop |
NYC Condo |
NY |
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CT |
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Westchester County |
Fairfield
County |
APPRAISAL FEE |
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$600 |
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$600 |
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$500 |
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$500 |
CREDIT REPORT FEE |
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$26 |
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$26 |
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$26 |
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$26 |
TOTAL APPLICATION
FEES |
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$626 |
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$626 |
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$526 |
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$526 |
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PREPAID
INTEREST (30 days) |
$4,333 |
|
4,333 |
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$4,333 |
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$4,333 |
HAZARD INSURANCE
PREMIUM - 12 months |
0 |
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0 |
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3,000 |
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2,400 |
HAZARD INSURANCE (2
months) |
0 |
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0 |
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500 |
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400 |
REAL ESTATE TAX (6
months) |
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0 |
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12,000 |
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11,226 |
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4,400 |
DOCUMENTATION
PREPARATION FEE |
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250 |
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250 |
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250 |
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250 |
ATTORNEY'S FEE |
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2,500 |
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2,500 |
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2,500 |
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1,500 |
TITLE INSURANCE |
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0 |
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7,012 |
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7,012 |
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3,650 |
NY STATE MORTGAGE
TAX |
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0 |
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15,000 |
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8,000 |
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- |
NY STATE MANSION
TAX |
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13,000 |
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13,000 |
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13,000 |
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- |
RECORDING FEES |
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75 |
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350 |
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450 |
|
180 |
BANK ATTORNEY |
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900 |
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900 |
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900 |
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- |
MANAGING AGENT |
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350 |
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0 |
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0 |
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0 |
REAL ESTATE TAX
SERVICE FEE |
0 |
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90 |
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90 |
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90 |
FLOOD CERTIFICATION |
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20 |
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20 |
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20 |
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20 |
TITLE SEARCH |
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350 |
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250 |
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250 |
|
180 |
TOTAL ESTIMATED
SETTLEMENT CHARGES |
$18,071 |
$56,331 |
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$52,057 |
$17,929 |
Additional Closing
Costs for New
York Condo v. New York Coop. |
$38,260 |
Additional Closing
Costs for New
York v. Connecticut, S F R |
$34,128 |
Strategy Mortgage Corp. 5 Edgewood Ave, Greenwich, CT 06830
Copyright 1996, 2015 M R
Krasnor |
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© Strategy Mortgage Corp. 2023 |