Talk: Sales: Discussing 'Closing Costs Calculator on a new condo'
 

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6 comments
about 5 months ago

Is there a online calculator to find the closing costs on a new condo?

about 5 months ago

Offering plan has this.

about 5 months ago

Chase has an online calculator that provides estimated closing costs.
http://mortgage.chase.com/pages/purchase/crq_p_landing.jsp

about 5 months ago

I dont think youll find an online calculator because closing costs can vary from one new condo to another. For new condos, besides the normal title fees, mortgage tax - 1.8% for up 499k loan amount and 1.925% for loan amounts 500k or above, you are likely to find the addition of transfer taxes - 1.4% of 500k or less purchase price and 1.825% for anything above, sponsor's attorney, and a couple of months of common charges for capital reserves or security. sunny.hong@bankofamerica.com

about 5 months ago

is it over a mil? add 1% for your "mansion".

your bank, your attorney, their attorney, transfer tax, mortgage tax (if you have a mortgage), filing fees, reimbursement of sponsors pre-paid real estate tax, um, I think that's about it. oh and dont forget to tip that title search guy!! rofl

yeah the offering plan has it all, and ask your lawyer right?

about 5 months ago

Thanks for all the advice. Its under a million.

gcondo - what did you mean by "dont forget to tip the title search guy"?

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