SELLER ’ S APPROXIMATE CLOSING COSTS

1. Legal Costs

$ 600.00 to $900.00

(Varies, depending on attorney and

complexity of transaction)

2. Liens

a. Mortgage

b. Mortgage Cancellation Fee

$ 40.00 to $ 75.00

c. Other Liens

3. Realty Transfer Tax

See Quick Reference Guide

(Fee determined by selling price of property)

$ 4.00 per $ 1,000

(Up to first $ 150,000)

$ 6.70 per $ 1,000

($150,000 to $200,000)

$ 7.80 per $ 1,000

(Amount over $200,000)

Reduced Fee

$ 1.00 per $ 1,000

(Senior Citizen, Disabled, Blind,

(Up to first $ 150,000)

Low and Moderate Income)

$ 2.50 per $ 1,000

(Over $ 150,000)

New Construction

$ 3.50 per $ 1,000

(Up to first $ 150,000)

$ 5.00 per $ 1,000

(Over $ 150,000)

4. Adjustments (Either a credit or charge to adjust for payments made prior to or beyond the closing date)

a. Tax

b. Water/Sewer

c. Oil in tank

d. Home Owner’s Association Fees

5. Certificate of Occupancy (If applicable)

$ 40.00 to $ 50.00

6. Smoke Detector Certificate

$ 25.00 to $ 50.00

7. Carbon Monoxide Certificate

$ 25.00 to $ 75.00

8. Real Estate Commission