Re: Closing Costs - New vs. Resale
I found this on the web and thought it might help. If you pay cash it's a little less
NEW
FROM TO
SALES PRICE 350,000 400,000
MORTGAGE 150,000 150,000
STATE DOC TAX 2450 2800
INTANGIBLE TAX 400 500
NOTE TAX 700 875
TITLE INSURANCE 2243 2540
RECORDING FEE 165 165
ELECTRIC METER 265 265
SURVEY 250 250
UTILITY HOOKUP 2300 2300
MAIL BOX FEE 150 150
WATER
ASSESSMENT 700 700
WATER USE FEE 50 50
FIRE
ASSESSMENT 51 51
IMPACT FEES 20,000 28,000
VILLAGE CLOSING
COSTS 8575 9800
EST LOAN COST 3000 3000
TOTAL COST 41,299 51,446
NEW
CLOSING COSTS RESALE ABOUT 5,000
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