CUSTOMARY BREAKDOWN OF CLOSING COSTS

This breakdown  of  closing costs  are provided for informational purposes only and is based on customary  breakdown  of  closing  costs. Actual costs may vary due to negotiated  agreements, changes in lender fees, third-party charges, taxes, insurance premiums, recording fees, or other factors beyond our control. The estimates do not constitute a guarantee  or final closing statement. Please review all final figures provided by your lender, closing agent, and other service providers before closing.

EXPENSES CHARGED TO BUYER

• 40% of the premium for standard coverage title insurance and any additional costs relating to the issuance of extended coverage policy (including lender's policy)
• Cost of drafting of mortgage and note or agreement of sale
• Cost of obtaining Buyer's consents
• Buyer's notary fees
• All recording fees excelpt to clear Seller's title
• 50% of Escrow fee
• Condominium and Association ownership transfer fees
• FHA or VA discount points and any mortgage fees

EXPENSES CHARGED TO SELLER

• 60% of the premium for standard coverage title insurance
• Cost of drafting of conveyance documents and bills of sale
• 50% of Escrow fee
• Seller's notary fees
• Cost of required staking or survey
• Recording fees to clear Seller's title
• FHA or VA mandatory closing fees
• Conveyance tax (subject to Paragraph F7 of Purchase Contract)
• FIRPTA (Federal withholding tax)
• HARPTA (State withholding tax)