View Single Post
      02-06-2007, 10:22 PM   #18
MoreCowbell
Lieutenant Colonel
MoreCowbell's Avatar
United_States
77
Rep
1,639
Posts

 
Drives: 2007 e92 335 Jet Black-Saddle
Join Date: Feb 2006
Location: NYC

iTrader: (0)

Quote:
Originally Posted by CnoteMD View Post
To be on the safe side, have about 3-5% available for closing costs (although it will likely be closer to 3%). Hope that helps.
Unfortunately you are WAY off...for the apartment I recently bid on, these are the closing costs I am estimating....

Purchase Amount: 1160000
Mortgage Amount: 1034000

Insurance Amount: 6,254.00
Municipals 295.00
Bankruptcy Search2 25.00
Patriot's Search 10.00
Overnights 50.00
Condominium Endorsement 25.00
Waiver of Arbitration 25.00
Environmental Endorsement 25.00
Escrow Service Fee 50.00
Mortgage Recording Fee 195.00
Deed Recording Fee 145.00
Mansion Tax: 11,600.00
Mortgage Tax 19,880.00

Total Buyer Fees: $38,579.00

__________________
1997 Z3 3.0: Retired 2006 E90 330i: Retired 2007 E92 335: Retired
2009 E70 4.8: Totaled by Drunk Bitch
2011 E70 3.5D: Current
Space Gray w Black Nevada - Loaded!!!