Closing Costs

CHARGES TO SELLER

·         Owners Title Policy (As per Sales Contract)

·         Documentary Stamps on Deed at 70 cents per $100 (With exception of Miami-Dade County, which is 60 cents per $100)

·         Abstract / Title Search (As per Sales Contract)

·         Estoppels (If Applicable)

·         Recording Fees for Satisfaction of Mortgage (If Applicable)

·         Real Estate Commission (If Applicable)

·         Lien Search (As per Sales Contract)

·         Settlement Fee

·         Real Estate Taxes prorated from January 1st to closing date

CHARGES TO BUYER

·         Owners Title Policy (As per Sales Contract)

·         Recording Fees for Deed and Mortgage

·         Documentary Stamps on Note at 35 cents per                    $100 (Based on Mortgage Amount)

·         Intangible Tax on Mortgage at 20 cents per $100             (Based on Mortgage amount)

·         Mortgage Origination Fee (If Applicable)

·         Lenders Title Policy (If Applicable)

·         Settlement Fee

·         Proration of prepaid items

·         Next Month's Maintenance Fee (If Applicable)