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Welcome > For Buyers >
Buyer's Approximate Closing Costs ...
Buyer's Approximate Closing Costs
Legal and Title Costs
1) Attorney Fee $750 - $1,100
2) Survey (Condo $150 to $250) $450 - $800
3) Recording Fees with Mortgage and Deed $200 - $300
4) Title Searches/Title Policy Endorsements $250 - $500
5) Title Insurance Premium - see schedule below(NJ Rates for Title Insurance)
Mortgage Costs
6) Application Fee - (Includes credit report & appraisal $300-$600
7) Appraisal $ 300 - $500
8) Miscellaneous Mortgage Costs $100 - $600
9) PMI (Private Mortgage Insurance)-often required if mortgage is more than 80% of purchase price
10) Points - Fee paid to lender to "buy-down" interest rate on mortgage. One point on $100,000 mortgage equals $1,000.
Inspection Costs
11) Home inspection $300 - $650
Radon Inspection $60 - $300
Wood Destroying Insect Inspection/Certification $60- $150
Septic Inspection (if applicable) $450 - $750
Oil Tank Inspection (if applicable) $250 - 350
12) Homeowner's Insurance - 1 year premium $400 - $900
13) Flood Insurance (if applicable) $750 - $2,000
14) Prepaid Tax Adjustment $____ - $_______
15) Mansion Tax when Zoned for Residential Use - 1% of Consideration when Sales Price is Over $1,000,000
*These figures are general guidelines to aid buyers in calculating their closing costs. The figures are based on estimates of New Jersey fees and are subject to errors and omissions and change without prior notice. 8/2004
| Amount |
Basic |
Reissue |
| $50,000.00 |
$262.50 |
$212.50 |
| $75,000.00 |
$393.75 |
$318.75 |
| $100,000.00 |
$525.00 |
$425.00 |
| $125,000.00 |
$625.00 |
$506.25 |
| $150,000.00 |
$725.00 |
$587.50 |
| $175,000.00 |
$825.00 |
$668.75 |
| $200,000.00 |
$925.00 |
$750.00 |
| $225,000.00 |
$1,025.00 |
$831.25 |
| $250,000.00 |
$1,125.00 |
$912.50 |
| $275,000.00 |
$1,225.00 |
$993.75 |
| $300,000.00 |
$1,325.00 |
$1,075.00 |
| $325,000.00 |
$1,425.00 |
$1,156.25 |
| $350,000.00 |
$1,525.00 |
$1,237.50 |
| $375,000.00 |
$1,625.00 |
$1,318.75 |
| $400,000.00 |
$1,725.00 |
$1,400.00 |
| $425,000.00 |
$1,825.00 |
$1,481.00 |
| $450,000.00 |
$1,925.00 |
$1,562.50 |
| $475,000.00 |
$2,025.00 |
$1,643.75 |
| $500,000.00 |
$2,125.00 |
$1,725.00 |
| $525,000.00 |
$2,193.75 |
$1,781.25 |
| $550,000.00 |
$2,262.50 |
$1,837.50 |
| $575,000.00 |
$2,331.25 |
$1,893.75 |
| $600,000.00 |
$2,400.00 |
$1,950.00 |
| $625,000.00 |
$2,468.75 |
$2,006.25 |
| $650,000.00 |
$2,537.50 |
$2,062.50 |
| $675,000.00 |
$2,606.25 |
$2,118.75 |
| $700,000.00 |
$2,675.25 |
$2,175.00 |
| $725,000.00 |
$2,743.75 |
$2,231.25 |
| $750,000.00 |
$2,812.50 |
$2,287.50 |
| $775,000.00 |
$2,881.25 |
$2,343.75 |
| $800,000.00 |
$2,950.00 |
$2,400.00 |
| $825,000.00 |
$3,018.75 |
$2,456.25 |
| $850,000.00 |
$3,087.50 |
$2,512.50 |
| $875,000.00 |
$3,156.25 |
$2,568.75 |
| $900,000.00 |
$3,225.00 |
$2,625.00 |
| $950,000.00 |
$3,362.50 |
$2,737.50 |
| $1,000,000.00 |
$3,500.00 |
$2,850.00 |
| $1,125,000.00 |
$3,843.75 |
$3,131.25 |
| $1,250,000.00 |
$4,187.00 |
$3,412.50 |
| $1,500,000.00 |
$4,875.00 |
$3,975.00 |
| $1,725,000.00 |
$5,493.75 |
$4,481.25 |
| $2,000,000.00 |
$6,250.00 |
$5,100.00 |
| $2,500,000.00 |
$7,375.00 |
$6,100.00 |
| $3,000,000.00 |
$8,500.00 |
$7,100.00 |
| $4,000,000.00 |
$10,750.00 |
$9,100.00 |
| $5,000,000.00 |
$13,000.00 |
$11,100.00 |
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Alpine,
Closter,
Cresskill,
Demarest,
Edgewater,
Englewood,
Englewood Cliffs,
Fair Lawn,
Fort Lee,
Haworth,
Harrington Park,
Leonia,
Norwood,
Teaneck,
Tenafly |
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Tami Rapaport's Team
Coldwell Banker Residential Brokerage
130 Dean Drive
Tenafly, NJ. 07670
Direct Line: 201-227-2045
Cell: 201–665-5558
201-567-7788 ext. 127
Fax: 201-567-3220
Email: Tami@TamiRapaport.com
Tami Rapaport, a President's Premier Agent with Coldwell Banker
(top 1% of the highest sales within the company internationally) has been
ranked #5 in 2009 out of 3,800 Coldwell Banker agents throughout the entire
state of New Jersey.... Tami is the only Realtor in Tenafly to achieve Eastern
Bergen Board’s Platinum Level Circle of Excellence Award 8 years in
a row (2002 – 2009) Additionally, Tami Rapaport has been named the Tenafly
office Salesperson of the Year for 2008.........an honor she has
received consistently for the past 9 years.
"Tami's level of
commitment is incomparable. The honors she continues to earn are a reflection
of her dedication. She knows the market, she listens to her clients and she
delivers as they have come to expect her to." Karen Murphy, Coldwell
Banker, Tenafly Manager
“To produce so impressively in a
changing and always competitive market is a testament to your ability in
business and your effectiveness at encouraging trust and enthusiasm among
customers. You are a credit to our profession, a prime resource for your
clients and a valued member of the NRT family. I thank you for your effort and
wish you all the best in future success.” Bruce Ziph, President and
CEO, NRT Inc.
“Thank You for following through on all the
details throughout the closing! We really appreciate your hard work in getting
this deal done!” David Kevorkian, Seller of a Tenafly
home
“Thank you for all your efficient services. I appreciate
you!” Ann Davis, Landlord of rental home in Haworth
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