7/17/23
Seller Closing Costs: 75 + 13650 + 13850 + 4655 + 1000 + 2103.30 - 1766.15 = $33,567.15 = 6.10% of Sales Price
Buyer Closing Costs: 1766.15 + 1125 + 96.84 + 952.35 + 215.40 + 2044.11 + 2363 + 25 + 25 + 25 + 75 + 95 + 10 + 50 + 100 + 50 + 25 + 50 + 550 + 25 + 40 + 25 + 40 + 52 + 350 + 1395 + 861 - 993.75 = $11,437.1 = 2.08% of Sales Price
| Seller Debit | Seller Credit | Description | Borrower/Buyer Debit | Borrower/Buyer Credit |
|---|---|---|---|---|
| Financial | ||||
| $550,000.00 | Sale Price of Property | $550,000.00 | ||
| Deposit | $20,000 | |||
| Loan Amount | $397,500 | |||
| Lender Credit | $993.75 | |||
| Prorations/Adjustments | ||||
| $1,766.15 | Property Taxes 7/17/2023 to 9/30/2023 | $1,766.15 | ||
| Loan Charges | ||||
| Administration Fee Provident Funding Associates, L.P. | $1,125.00 | |||
| Appraisal Fee (POCB: $590.00) Provident Funding Associates, L.P. | ||||
| Credit Report Fee Provident Funding Associates, L.P. | $96.84 | |||
| Origination Fee (Lender:$3,478.13) Provident Funding Associates, L.P. | ||||
| Mortgage Insurance Premium | ||||
| Prepaid Interest @ $63.49 per day for 15 days (7/17/2023 to 8/1/2023) | $952.35 | |||
| Impounds | ||||
| Homeowners Insurance Provident Funding Associates, L.P. | $215.40 | |||
| Mortgage Insurance Provident Funding Associates, L.P. | ||||
| Property Tax Provident Funding Associates, L.P. | $2,044.11 | |||
| Aggregate Adjustment Provident Funding Associates, L.P. | ||||
| Title Charges & Escrow/Settlement Charges | ||||
| Premium Rate | $2,363.00 | |||
| Simultaneous Issue Title Evolution, LLC | $25.00 | |||
| ALTA 8.1-06 Environmental Protection Lien Endorsement -NJ Variation | $25.00 | |||
| ALTA 9.10-06 (Res) REM Current Violations (1/1/17) (NJRB 5-157) Title Evolution, LLC | $25.00 | |||
| Closing Service Letter Title Evolution, LLC | $75.00 | |||
| County Search & Copies Title Evolution, LLC | $95.00 | |||
| Document Recording Surcharge (Purch) Title Evolution, LLC | $10.00 | |||
| Electronic Document Processing Title Evolution, LLC | $50.00 | |||
| Examination Title Evolution, LLC | $100.00 | |||
| Filed Notice of Settlement (2) Title Evolution, LLC | $50.00 | |||
| $75.00 | Mortgage Payoff/Satisfaction Service Charge (§7.1b) S Title Evolution, LLC | |||
| Notary Title Evolution, LLC | $25.00 | |||
| Overnight Charge Title Evolution, LLC | $50.00 | |||
| Settlement Service (Purchase) Title Evolution, LLC | $550.00 | |||
| Survey (9/10/07) (NJRB 5-01) Title Evolution, LLC | $25.00 | |||
| Tax & Assessment Search Title Evolution, LLC | $40.00 | |||
| Tidelands - Unclaimed Title Evolution, LLC | $25.00 | |||
| Transaction Management Fee Title Evolution, LLC | $40.00 | |||
| Upper Courts/Patriot Searches Title Evolution, LLC | $52.00 | |||
| Commission | ||||
| $13,650.00 | Real Estate Commission Buyers Broker Tang Group Real Estate LLC | |||
| $13,850.00 | Real Estate Commission Sellers Broker Tang Group Real Estate LLC | |||
| Government Recording And Transfer Charges | ||||
| Recording Fees, Deed: $105.00 Mortgage: $245.00 Release: $0.00 | $350 | |||
| $4,655.00 | State Transfer Tax Middlesex County Clerk | |||
| Payoff(s) | ||||
| $240,371.33 | First Position Mortgage: Lien 8192394205 Pennymac | |||
| Miscellaneous | ||||
| Buyer Legal Representation Seth D. Josephson, Esquire | $1,395.00 | |||
| $1,000.00 | Seller Attorney Fee (400.00 POC) Law Offices of Wang and Hou LLC | |||
| $2,103.30 | 3Q Taxes (July Aug Sept) South Brunswick Twp | |||
| Homeowners Insurance Premium | $861 |
$562,431.55-$550,000 = $12,431.45 Buyer Closing Costs. $12,431.45/$550,000 = 2.26%
$562,431.55-$550,000 = $12,431.45 Buyer Closing Costs. $12,431.45/$550,000 = 2.26%