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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 |
|
NYC Coop |
NYC Condo |
NY |
|
CT |
| |
Westchester County |
Fairfield
County |
| APPRAISAL FEE |
|
$600 |
|
$600 |
|
$500 |
|
$500 |
| CREDIT REPORT FEE |
|
$26 |
|
$26 |
|
$26 |
|
$26 |
| TOTAL APPLICATION
FEES |
|
$626 |
|
$626 |
|
$526 |
|
$526 |
| |
|
|
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|
|
| PREPAID
INTEREST (30 days) |
$4,333 |
|
4,333 |
|
$4,333 |
|
$4,333 |
| HAZARD INSURANCE
PREMIUM - 12 months |
0 |
|
0 |
|
3,000 |
|
2,400 |
| HAZARD INSURANCE (2
months) |
0 |
|
0 |
|
500 |
|
400 |
| REAL ESTATE TAX (6
months) |
|
0 |
|
12,000 |
|
11,226 |
|
4,400 |
| DOCUMENTATION
PREPARATION FEE |
|
250 |
|
250 |
|
250 |
|
250 |
| ATTORNEY'S FEE |
|
2,500 |
|
2,500 |
|
2,500 |
|
1,500 |
| TITLE INSURANCE |
|
0 |
|
7,012 |
|
7,012 |
|
3,650 |
| NY STATE MORTGAGE
TAX |
|
0 |
|
15,000 |
|
8,000 |
|
- |
| NY STATE MANSION
TAX |
|
13,000 |
|
13,000 |
|
13,000 |
|
- |
| RECORDING FEES |
|
75 |
|
350 |
|
450 |
|
180 |
| BANK ATTORNEY |
|
900 |
|
900 |
|
900 |
|
- |
| MANAGING AGENT |
|
350 |
|
0 |
|
0 |
|
0 |
| REAL ESTATE TAX
SERVICE FEE |
0 |
|
90 |
|
90 |
|
90 |
| FLOOD CERTIFICATION |
|
20 |
|
20 |
|
20 |
|
20 |
| TITLE SEARCH |
|
350 |
|
250 |
|
250 |
|
180 |
| TOTAL ESTIMATED
SETTLEMENT CHARGES |
$18,071 |
$56,331 |
|
$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 |
