Let us look at a Net Sheet for a home that sold for $150,000 where the buyer is getting a new conventional loan. It has been agreed that the buyer and seller will each pay their own normal closing costs. The seller will not contribute any funds to help with the buyer financing. The seller has offered a basic Home Warranty. The closing date will be on the 25th of the month. The property is not in a Homeowner Association. The seller has owned the property for 5 years and 2 months and has an FHA Mortgage. Recording Fee 25.00 Escrow Fee 200.00 Legal Fee 30.00 Tax Service 100.00 Title Co Doc Prep Fee 25.00 Title Insurance Policy 700.00 Nevada Transfer Tax 375.00 Appraisal Fee 300.00 Reconveyance Fee 100.00 Home Warranty 300.00 Flood Certification 18.00 Total 2,173.00 Add to this the 25 days of interest due. A refund is due on prepaid property taxes, hazard insurance, sewer fees. A refund of just over 18% of your original prepaid MIP on your FHA Mortgage will be sent to you within 30 to 60 days. If you would like a Net Sheet showing approximate closing costs for a transaction that you are contemplating, send us the details and we will deliver a Net Sheet to you. |
Net Sheet |
Jeannine Cutter 702 283-8882 Daid Berg 702 281-5827 |
