7/31/23
Seller Closing Costs = 1100.49 + 19722.52 + 24327.50 + 8200.40 + 1100 + 50 + 330.27 + 500 - 274.63 - 356.05 = $54,700.50 = 6.21% of Sales Price
Buyer Closing Costs = 274.63 + 356.05 + 999 + 148.89 + 6 + 5138.87 + 99 + 162.74 + 237.75 + 2349.66 -79.20 + 3276 + 25 + 25 + 25 + 25 + 107.35 + 75 + 50 + 100 + 50 + 10 + 25 + 45 + 15 + 575 + 25 + 35 + 25 + 35 + 84 + 490 + 1500 + 44 + 450 + 800 + 158.42 + 4084.05 + 951.01 - 5138.87 - 1100.49 = $16,563.86 = 1.88% of Sales Price
| Seller Debit | Seller Credit | Description | Borrower/Buyer Debit | Borrower/Buyer Credit |
|---|---|---|---|---|
| Financial | ||||
| $881,001.00 | Sale Price of Property | $881,001 | ||
| Deposit | $44,050.05 | |||
| Loan Amount | $836,950.00 | |||
| Lender Credit | $5,138.87 | |||
| Prorations/Adjustments | ||||
| July Maintenance 7/31/2023 - 7/31/2023 | ||||
| $1,100.49 | PROPERTY TAX 1/1/2023 - 7/31/2023 | $1,100.49 | ||
| $274.63 | SEWER 7/31/2023 - 12/31/2023 | $274.63 | ||
| $356.05 | Credit on HOA account | $356.05 | ||
| Loan Charges | ||||
| Appraisal Fee (POCB: $540.00) Newrez LLC | ||||
| Commitment fee Newrez LLC | $999.00 | |||
| Credit Report Fee Garden State Mortgage Corp | $148.89 | |||
| Flood Certification Newrez LLC | $6.00 | |||
| Mortgage Broker Fee Garden State Mortgage Corp | $5,138.87 | |||
| Tax Service Fee Newrez LLC | $99.00 | |||
| Mortgage Insurance Premium | ||||
| Prepaid Interest @ $162.74 per day for 1 days (7/31/2023 to 8/1/2023) | $162.74 | |||
| Impounds | ||||
| Homeowners Insurance @ $79.25 per month for 3 months | $237.75 | |||
| Mortgage Insurance | ||||
| Property Tax @ $1174.83 per month for 2 months | $2349.66 | |||
| Aggregate Adjustment | ($79.20) | |||
| Title Charges & Escrow / Settlement Charges | ||||
| Premium Rate | $3,276.00 | |||
| Simultaneous Issue Oak Tree Title Agency, LLC | $25.00 | |||
| ALTA 5.1-06 Planned Unit Dev - Current Assessments (4/1/18) (NJRB 5-90) Oak Tree Title Agency, LLC | $25.00 | |||
| ALTA 8.1-06 Environmental Protection Lien Endorsement -NJ Variation (9/1/19) (NJRB 5-94) Oak Tree Title Agency, LLC | $25.00 | |||
| ALTA 9.10-06 (Res) REM Current Violations (1/1/17) (NJRB 5-157) Oak Tree Title Agency, LLC | $25 | |||
| Central & North Jersey County Searches Independence Search & Abstract | $107.35 | |||
| Closing Service Letter Oak Tree Title Agency, LLC | $75.00 | |||
| E-mail Package Fee ClosePoint USA, LLC | $50.00 | |||
| Exam Fee ClosePoint USA, LLC | $100.00 | |||
| Filed Notice of Settlement (2) ClosePoint USA, LLC | $50.00 | |||
| Flood Search Charles Jones LLC | $10.00 | |||
| Mortgage Payoff/Satisfaction Service Charge (ยง7.1b) S ClosePoint USA, LLC | ||||
| Notary Fee ClosePoint USA, LLC | $25.00 | |||
| Overnight Charge ClosePoint USA, LLC | $45.00 | |||
| Photocopying ClosePoint USA, LLC | $15.00 | |||
| Settlement Fee (P) ClosePoint USA, LLC | $575.00 | |||
| Survey (9/10/07) (NJRB 5-01) Oak Tree Title Agency, LLC | $25.00 | |||
| Tax & Assessment Search Charles Jones LLC | $35.00 | |||
| Tidelands - Unclaimed Charles Jones LLC | $25.00 | |||
| Transaction Management Fee AccuTitle | $35.00 | |||
| Upper Courts/Patriot Searches Charles Jones LLC | $84.00 | |||
| Commission | ||||
| $19,722.52 | Real Estate Commission Buyers Broker EXP Realty | |||
| $24.327.50 | Real Estate Commission Sellers Broker Tang Group Real Estate LLC | |||
| Government Recording And Transfer Charges | ||||
| Recording Fees Deed: $115.00 Mortgage: $375.00 Release: $0.00 | $490 | |||
| $8,200.40 | State Transfer Tax Simplifile | |||
| Payoff(s) | ||||
| NO OPEN MORTGAGES | ||||
| Miscellaneous | ||||
| Attorney Fee-Buyer Law Office of David A. Francis, LLC | $1,500.00 | |||
| $1,100 | Attorney Fee-Seller (poc $400) Law Office Wang & Hou LLC | |||
| August/September Maintenance (included in credit) (POCB: $158.42) Pike Run Master Assn, Inc. | ||||
| Credit card MACYSCBNA | $44 | |||
| Homestead Accounting closing statement Homestead Management Services, | $450 | |||
| July Maintenance PAID (POCS: $79.21) | ||||
| $50 | Seller Proceeds Wire/Overnight Fee ClosePoint USA, LLC | |||
| $330.27 | Sewer covers (7/1 - 12/31) Montgomery Sewer Dept | |||
| Survey Fee Morgan Engineering LLC | $800.00 | |||
| $500 | Walkthrough Escrow Law Office of David A. Francis, LLC Trust Account | |||
| Water - Private | ||||
| Working Capital Pike Run Master Assn, Inc. | $158.42 | |||
| 3RD QTR ESTIMATED PROPERTY TAXES ESCROW ClosePoint USA, LLC | $4,084.05 | |||
| Homeowners Insurance Premium American Bankers Insurance | $951.01 | |||
| Property Tax 2nd Qtr 2023 (POCS: $3,404.04) Montgomery Township | ||||