 |
Attorney fees: $1,500 and up |
|
Fee for title insurance: Approx.
$450 per $100,000 |
|
Recording fee: $200 |
|
Managing agent fee: $250 |
|
Common charges: Per your choice
of apartment (typically 1 month) |
|
Real estate taxes: Per your choice
of apartment (typically 1 – 3 months) |
| Other Costs - when
you apply for a mortgage. |
|
Bank fees, Bank attorney, Appraisal
cost, Mortgage application fee : $1,600 |
|
Tax escrows: 2-6 months |
|
| Mortgage tax: |
1.75% up to $500,000 |
| |
1.876% $501,000 – up |
|
|
Fee for mortgage title insurance:
Approx. $200 per $100,000 |
|
Point: 0 – 2.5% |
| Other Costs - when
you purchase a unit from a sponsor. |
|
New York State Transfer tax: $2.00
per $500 of price |
|
| New York City Transfer tax: |
1% of price up to $500,000 |
| |
1.425% of price when it exceeds
$500,000 |
|
|
Sponsor attorney fee: Approx.
$750 |
