Seller Closing Costs: $91,435.85 (does not include mortgage payoff) = 6.785% of Sales Price
Buyer Closing Costs: $22,273.34 = 1.653% of Sales Price
| Seller Debit | Seller Credit | Description | Borrower/Buyer Debit | Borrower/Buyer Credit |
|---|---|---|---|---|
| Financial | ||||
| $1,347,500.00 | Sale Price of Property | $1,347,500.00 | ||
| Deposit | $50,000.00 | |||
| Loan Amount | $1,212,615 00 | |||
| Prorations/ Adjustments | ||||
| $2,153.30 | City/Town Taxes 9/1/2023 to 9/30/2023 | $2,153.30 | ||
| $273.49 | HOA 9/1/2023 to 12/31/2023 | $273.49 | ||
| $3,000.00 | Seller Credit | $3,000.00 | ||
| Loan Charges | ||||
| Processing Fee to Citibank N.A. | $500.00 | |||
| Lender Fees (OTHER: $27.73) | $825.65 | |||
| Other Loan Charges | ||||
| Impounds | ||||
| Title Charges & Escrow/ Settlement Charges | ||||
| Title - Owner Survey Endorsement to Title Authority, LLC | $25.00 | |||
| Title - Owner's Title Insurance (optional) to Title Authority, LLC | $396.00 | |||
| Title - Search and examination to Title Authority, LLC | $438.90 | |||
| Title - Settlement Fee to Title Authority, LLC | $400.00 | |||
| Title - Closing Service Letter to Title Authority, LLC | $75.00 | |||
| Title - Lender's Endorsement to Title Authority, LLC | $125.00 | |||
| Title - Lenders Title Insurance to Title Authority, LLC | $4,186.00 | |||
| Commission | ||||
| $33,687.50 | Real Estate Commission Buyer Agent to Tang Group Real Estate LLC | |||
| $33,687.50 | Real Estate Commission Seller Agent to Callaway Henderson Sotheby's lnt'I | |||
| Government Recording And Transfer Charges | ||||
| Recording Fee Deed to Somerset County Clerk | $105.00 | |||
| Recording Fee Mortgage to Somerset County Clerk | $275.00 | |||
| Transfer Tax - Mansion Tax to Somerset County Clerk | $13,475.00 | |||
| $13,779.75 | State Transfer Tax to Somerset County Clerk | |||
| Payoff(s) | ||||
| $662,888.67 | Payoff of First Mortgage Loan AmeriNat | |||
| Miscellaneous | ||||
| Legal Service Retained By Buyer (B/POC $400 00) to Law Offices of Wang and Hou LLC | $1,195.00 | |||
| $2,650.00 | Legal Service Retained By Seller $2250 + Expense $150 + POA $250 to Rubin Ehrlich & Buckley, P C | |||
| $60.00 | FedEx/ Wire Fee for Mortgage Payoff and seller proceeds to TItie Authority, LLC | |||
| HOA: Annual Fee 2023 for Community Septic Tanks (S/POC: $825.00) to Crossing @ Bedens Brook, Inc. | ||||
| Survey (B/POC: $825.00) to Morgan Engineering & Surveying | $825.00 | |||
| Homeowner's Insurance Premium (12 mo) (B/POC: $2,718.00) State Farm Insurance Companies | ||||
| $6,997.89 | Property Tax 3Q 2023 + Interest to Montgomery Township Tax Collector | |||
| Seller Debit | Seller Credit | Description | Borrower/Buyer Debit | Borrower/Buyer Credit |
| $756,751.31 | $1,349,926.79 | Subtotals | $1,372,773.34 | $1,265,615.00 |
| Due from [Buyer] | $107,158.34 | |||
| $593,175.48 | Due to [Seller] | |||
| $1,349,926.79 | $1,349,926.79 | Totals | $1,372,773.34 | $1,372,773.34 |