Seller's Approximate Closing Costs

SELLER'S APPROXIMATE CLOSING COSTS,

Legal and Title Costs - $900-$1500

(Varies, depending on attorney and complexity of transaction)

Liens:

(A) Mortgage

(B) Mortgage Cancellation Fee - $40-$75

(C) Other Liens

Realty Transfer Tax:

See photo below "NJ Realty Transfer Fee Tax Guide"

Adjustments:

(Either a credit or change to adjust for payments made prior to or beyond the closing date)

A. Tax

B. Water/Sewer

C. Oil in tank

D. Homeowner's Association Fees

Certificate of Occupancy

(If applicable) $40-$125

Smoke Detector - $25-$50

Carbon Monoxide Certificate - $25-$75

Real Estate Commission *

NJ None-Resident Income Tax

(Exemptions apply, consult your attorney for details)

Estimated taxes are paid when deed is recorded.

Minimum amount is 2% of sales price.

Disclaimer:

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. 4/2020

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