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Strategy Mortgage Corp.
222 Railroad Avenue,
Greenwich, CT 06830
TEL
203-618-4444, FAX 203-863-9191, mail@strategymortgage.com |
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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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$500 |
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$500 |
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$350 |
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$325 |
| CREDIT REPORT FEE |
|
$50 |
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$50 |
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$50 |
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$50 |
| TOTAL APPLICATION
FEES |
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$550 |
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$550 |
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$400 |
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$375 |
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| PREPAID
INTEREST (30 days) |
$4,333 |
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4,333 |
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$4,333 |
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$4,333 |
| HAZARD INSURANCE
PREMIUM - 12 months |
0 |
|
0 |
|
3,000 |
|
2,400 |
| HAZARD INSURANCE (2
months) |
0 |
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0 |
|
500 |
|
400 |
| REAL ESTATE TAX (6
months) |
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0 |
|
12,000 |
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11,226 |
|
4,400 |
| DOCUMENTATION
PREPARATION FEE |
|
250 |
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250 |
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250 |
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250 |
| ATTORNEY'S FEE |
|
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 |
|
8,000 |
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- |
| NY STATE MANSION
TAX |
|
13,000 |
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13,000 |
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13,000 |
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- |
| RECORDING FEES |
|
75 |
|
350 |
|
350 |
|
70 |
| BANK ATTORNEY |
|
600 |
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600 |
|
600 |
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- |
| MANAGING AGENT |
|
350 |
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0 |
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0 |
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0 |
| REAL ESTATE TAX
SERVICE FEE |
0 |
|
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 |
|
350 |
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250 |
|
200 |
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150 |
| TOTAL ESTIMATED
SETTLEMENT CHARGES |
$17,695 |
$55,955 |
|
$51,481 |
$17,638 |
| Additional Closing
Costs for New
York Condo v. New York Coop. |
$38,260 |
| Additional Closing
Costs for New
York v. Connecticut, S F R |
$33,843 |
| Strategy Mortgage Corp. 222 Railroad Ave,
Greenwich, CT 06830 Copyright 1996, 2003 M R Krasnor |
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| © Strategy Mortage Corp. 2012 |