PURCHASE PRICE (estimated):___$200,000.00_____________________

BROKERAGE FEES: _4.5% (Sandburg Realty) – $9,000.00_______________

REAL ESTATE TAXES (Pro-rated): You will have to credit a Buyer property taxes for the past year, since in Chicago we pay property taxes with a delay. Meaning, in 2015 we will be paying for 2014. That amount will be prorated based on the date of the closing.

TITLE INSURANCE: It varies from state to state and from the title company to company, but usually it’s less than 1% of the cost of the property (includes search, examination and all related services).

TRANSFER TAX (STAMPS): _____$900.00 (for $200,000 purchase price)___

A. City of Chicago Transfer Tax (Chicago Transit Authority ‘CTA’ Pension Fund) **
$1.50 per $500.00 of transfer price

B. Cook County Real Estate Transfer Tax
$0.25 per $500.00 of transfer price

C. State of Illinois Real Estate Transfer Tax
$0.50 per $500.00 of transfer price

Total seller transfer tax: $4.50 per $1,000.00 of transfer price (combined city, county, and state)

ATTORNEY FEES: _$300.00-500.00________________________________
CURRENT MORTGAGE BALANCE: __??________
ASSESSMENTS: _Depending on the date of closing, you might get the credit for the paid assessments (prorated 1 month)______________________________________

MISCELLANEOUS: Recording fees, survey (if required), credit to the buyers (if promised in the contract)
Recording Fee: $45.00
Tax Certification Fee: $75.00
Escrow Fee: $125.00
Funding Fee/Closing Fee: $150.00
Messenger and Courier Fees: $65.00
Tax Service Fee: $55.00

* Please keep in mind, this information is approximate and was created for general information only. Some other fees might apply.