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1. Legal Costs
(Varies, depending on attorney
$900.00 to $1,500.00
and complexity of transaction)
2. Liens
a. Mortgage
______________________________
b. Mortgage Cancellation Fee
$40.00 to $75.00
c. Other Liens
______________________________
3. Realty Transfer Tax
For NJ, see Quick Reference Guide
4. Adjustments
(Either a credit or charge to adjust for payments
made prior to or beyond the closing date)
a. Tax
______________________________
b. Water/Sewer
______________________________
c. Oil in tank
______________________________
d. Home Owner’s Association Fees
______________________________
5. Certificate of Occupancy
(If applicable)
$40.00 to $125.00
6. Smoke Detector
$25.00 to $50.00
7. Carbon Monoxide Certificate
$25.00 to $75.00
8. Real Estate Commission*
___________________________
9. NJ: Non-Resident Income Tax
Estimated taxes are paid when deed is
(Exemptions apply; consult your attorney for details)
recorded. Minimum amount is 2% of
sales price.
SELLER’S APPROXIMATE CLOSING COSTS
These figures are general guidelines to aid buyers in calculating their closing costs. The figures are based on estimates of New Jersey fees and are subject to errors and omissions and change without prior
notice. 1/2015. *Real Estate Commissions are negotiable.
ESSENTIAL GUIDE
for
Home Buyers
and
Sellers
The