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Closing-Cost-Estimates-Worksheet

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					                                                   GABOR & MAROTTA LLC
                                                          ATTORNEYS AT LAW
                                             12 West 21st Street, 5th Floor, New York, NY 10010
                                                         TEL: (212) 349-1200
                                                            www.marottalaw.com

CLOSING COST ESTIMATES WORKSHEET: Vesentini & Bertolini, Unit 1619

                    Purchase Price                            =                   $1,030,000.00
                    Mortgage Amount                           =                     $669,000.00 (Interest at ____%)

I.       Bank Charges/Fees:
         1.        Escrow Real Estate Quarter                                                     n/a
         2.        Bank Attorney                                                                        $1,500.00
         3.        Per diem interest to end of month (mtg x interest /360)                              $4,000.00
         4.        Mortgage Recording Tax (1.8% or 1.925%for NYC ) (2.175% commercial)                  $7,484.07
         5.        Credit Report                                                                          $500.00
         6.                     /commitment fee
                   Application Fee                                                                        $395.00
         7.        Appraisal Fee                                                                          $500.00
         8.        Mortgage Broker Points/Other fees 3%                                                 $7,000.00

                                             SUBTOTAL                                                   $21,379.07

II.      Estimated Title Charges (condos, but not applicable to Co-op's):

         1.         Title Insurance Premiums (owner + lender policy)                                     $4,617.00
         2.         Municipal Searches                                                                     $395.00
         4.         Recording of Deed                                                                      $125.00
         5.         Bankrupcty                                                                              $75.00
         6.         Endorsements                                                                           $537.00
         7.         Real Estate Taxes
         8.         Patriot Searches                                                                       $100.00
         9.         Tax & Title Contin                                                                      $50.00
         10.        Deeds                                                                                  $295.00
         11.        Release of Mortgage                                                                    $807.00
         12.        UCC's                                                                                  $225.00
         13.        POA (unit)
         14.        RP5217                                                                                  $75.00
         15.        Closer Fee                                                                            $250.00
         16.        Mansion Tax (1% where price over $1 Million)                                        $10,492.00
         17.        Seller's NYS Transfer Tax (new construction only) $2/500                             $4,196.00
         18.        Seller's NYC Transfer Tax (new construction only) 1.425%                            $14,945.36

                                             SUBTOTAL                                                   $37,184.36

III.     Condo Charges (estimated):

         1.         Working Capital Fund WCF (1 Month common charges)                                      $763.91
         2.         Sponsor Attorney Fee                                                                 $2,000.00
         3.         Real Estate Tax adjustment                                                           $3,324.88
         4.         Real Estate Tax escrow
         5.         Common charge adjustment                                                             $1,579.14
         6.         Assignment Fee                                                                           $0.00
         7.         Common Charges                                                                         $763.91
                                            SUBTOTAL        $8,431.84

IV.   Attorney Fee:

      1.         Legal services (balance)              $    2,500.00
      2.         Power of Attorney                     $      500.00
      3.         Deed Transfer                         $    1,500.00
                                            SUBTOTAL        $4,500.00


                                            TOTAL          $71,495.27
rest at ____%)

				
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