Mortgage Points and/or Origination Fee "Out of Pocket" Expenses:
Mortgage Points
Appraisal
Credit Report
Title Insurance:
Lender's Policy
Owner's Policy
Endorsements
Title Examination
Title Update (from delivery to closing)
Document Preparation
Courier fees
Mortgagees attorneys fee
Recording fees: $6.00 first page, $4.50 each additional page
Documentary stamps on the note: $.35 per $100.00of note amount
Intangible tax on the mortgage $.20 per $100.00 of mortgage amount
Survey
BAC )Brokers Administrative Commission, $175.00)
Prepaids:
2 - 4 months property taxes
14 months hazard insurance
14 months flood insurance (if required)
14 months windstorm insurance (if required)
P.M.I Premium (If loan is more than 80% loan to value)
Prepaid Interest
Real Estate Commission
BAC (Broker Administrative Commission, $175.00)
Documentary stamps on the deed:
$.60 per $100.00 of sales price (only in Miami-Dade
$.70 per $100.00 of sales price (rest of Florida)
Surtax on the deed:
$.45 per $100.00 of sales price (Commercial sale Miami-Dade only)
Title Search
Lien Search
Clear Title defects
Preparation of closing documents:
Deed
Bill of sale
No Lien Affidavit
1099 form
FIRPTA
Fed Ex/Courier fees
Typical
Buyer's Expenses
