buyer's guide
CLOSING COSTS FOR CO-OPS
  • Attorney
  • Building Application
  • Credit Report
  • Mansion Tax
  • Move-in Deposit
  • $2000 and up
  • $500 - $750
  • $100 - $150 per person
  • 1% of the purchase price if over $1 Million
  • $500 - $1000 (Usually refundable)
MORTGAGE ASSOCIATED FEES FOR CO-OPS
  • Origination Costs (i.e. points)
  • Application
  • Credit Check
  • Appraisal
  • Bank Attorney
  • UCC-l filing
  • Recognition Agreement Fee
  • Lien Search
  • $0 - 3 % value of loan
  • $500 and up
  • $50 - $100 per person
  • $275 and up
  • $500 and up
  • $50 and up
  • $200 and up
  • $350
CLOSING COSTS FOR CONDOMINIUMS
  • Attorney Fee
  • Building Application Fee
  • Mansion Tax
  • Lead Based Paint Disclosure Fee
  • Move-in Deposit
  • $2000 and up
  • $500 - $750
  • 1% of the purchase price if over $1 Million
  • $0 - $50
  • $500 - $1000 (Usually refundable)
MORTGAGE ASSOCIATED FEES FOR CONDOMINIUMS
  • Application Fee
  • Credit Check
  • Appraisal
  • Bank Attorney
  • UCC-l filing
  • Mortgage Recording Tax
  • Title Insurance, Title Search and Recording Fee Approx.
  • Building Searches
  • Recording Charge
  • Real Estate Tax Escrow
  • $500 and up
  • $50 - $100 per person
  • $275 and up
  • $500 and up
  • $50 and up
  • Up to $500,00 2.05% over $500,000 2.75
  • .05% of purchase price
  • $200 - $400
  • $17 per document and $5 per page
  • 2 - 6 months