BUYER'S ESTIMATE OF CLOSING COSTS

SUBURBAN
This document is intended to provide an initial overview and estimtate of potential costs related to a residential real estate transaction. It is not a subsitutute for or
related to a Good Faith Estimate or any part of a mortgage application. Koenig & Strey Real Living personnel are not mortgage brokers, lenders or attorneys. You
should not rely on mortgage rates or product information contained in this document. To learn about currently available mortgage rates and products, and
transaction costs, please consult your lender and attorney. The information in this document is valid through June 30, 2012.
SALES PRICE

$125,000

$250,000.00

$500,000.00

$750,000.00

$1,000,000.00

$100,000

$200,000.00

$400,000.00

$600,000.00

$800,000.00

$350-450

$350-450

$350-450

$400-500

$450-550

$850

$850

$850

$850

$850

$1200-1300

$1200-1300

$1200-1300

$1250-1350

$1300-1400

Settlement or Closing Fee

$750-795

$850-895

$950-1050

$1200-1300

$1400-1500

Mortgage Policy Insurance

$400-500

$400-500

$400-500

$400-500

$400-500

Endorsements ($150/-EPA,ARM,Condo,etc.)

$150

$150

$150

$150

$150

Commitment Update Fee (per update)

$100

$100

$100

$100

$100

$100-150

$100-150

$100-150

$100-150

$100-150

$3

$3

$3

$3

$3

$50

$50

$50

$50

$50

$100-200

$100-200

$100-200

$100-200

$100-200

$1653-1948

$1753-2048

$1853-2,223

$2103-2453

$2303-2653

Home Inspection Fees

$300-500

$300-500

$400-600

$500-700

$600-800

Radon Inpection Fee

$150-500

$150-500

$200-500

$200-500

$300-500

One yr Paid Homeowner's Insurance (K&S Insurance)

$700-900

$700-900

$1200-1400

$1600-1800

$2000-2200

Home Warranty (American Home Shield)

$435-780

$435-780

$435-780

$435-780

$435-780

Attorney Fees

$500-800

$500-800

$500-800

$750-1050

$750-1050

$250

$250

$250

$250

$250

$2985-4330

$3735-5080

$4335-5580

LOAN AMOUNT(based on 80% loan)

ESTIMATED LENDER COSTS

All lender cost estimates per Wells Fargo Home Mortgage
1- Appraisal
2- Lender Fees
TOTAL ESTIMATED LENDER COSTS
ESTIMATED TITLE COSTS
All title cost estimates per Fort Dearborn Land Title

Record Fees (Deed and Mortgage)

State of IL Policy Fee
Closing Protection Letter
Misc.
TOTAL ESTIMATED TITLE COSTS
ESTIMATED ADDITIONAL BUYER'S COSTS

Broker Commission (K&S) $250 + % per buyer rep agrmnt*

(*percentage portion typically paid by seller's broker - see your buyer rep agreement for details)
TOTAL ESTIMATED ADDL COSTS

$2335-3730

$2335-3730

ESTIMATED REAL ESTATE TAX & OTHER CREDITS

Tax Credits

____________

____________ ____________ ____________

____________

Escrow Deposit( Earnest Money)

____________

____________ ____________ ____________

____________

Transfer Stamp

____________

____________ ____________ ____________

____________

TOTAL ESTIMATED REAL ESTATE TAX & CREDITS

TOTAL ESTIMATED COSTS

Buyer's Estimate of Closing Cost-Chicago/Suburban

$5188-6975

$5288-7078

$6038-7833

$7088-8883

$7938-9633

APRIL 2012

BUYER'S ESTIMATE OF CLOSING COSTS

CITY OF CHICAGO
This document is intended to provide an initial overview and estimtate of potential costs related to a residential real estate transaction. It is not a subsitutute for or
related to a Good Faith Estimate or any part of a mortgage application. Koenig & Strey Real Living personnel are not mortgage brokers, lenders or attorneys. You
should not rely on mortgage rates or product information contained in this document. To learn about currently available mortgage rates and products, and
transaction costs, please consult your lender and attorney. The information in this document is valid through June 30, 2012.
SALES PRICE

$125,000

$250,000.00

$500,000.00

$750,000.00

$1,000,000.00

$100,000

$200,000.00

$400,000.00

$600,000.00

$800,000.00

$350-450

$350-450

$350-450

$400-500

$450-550

$850

$850

$850

$850

$850

$1200-1300

$1200-1300

$1200-1300

$1250-1350

$1300-1400

Settlement or Closing Fee

$750-795

$850-895

$950-1050

$1200-1300

$1400-1500

Mortgage Policy Insurance

$400-500

$400-500

$400-500

$400-500

$400-500

Endorsements ($150/-EPA,ARM,Condo,etc.)

$150

$150

$150

$150

$150

Commitment Update Fee (per update)

$100

$100

$100

$100

$100

$100-150

$100-150

$100-150

$100-150

$100-150

$3

$3

$3

$3

$3

$50

$50

$50

$50

$50

$100-200

$100-200

$100-200

$100-200

$100-200

$1653-1948

$1753-2048

$1853-2,223

$2103-2453

$2303-2653

Home Inspection Fees

$300-500

$300-500

$400-600

$500-700

$600-800

Radon Inpection Fee

$150-500

$150-500

$200-500

$200-500

$300-500

One yr Paid Homeowner's Insurance (K&S Insurance)

$700-900

$700-900

$1200-1400

$1600-1800

$2000-2200

Home Warranty (American Home Shield)

$435-780

$435-780

$435-780

$435-780

$435-780

Attorney Fees

$500-800

$500-800

$500-800

$750-1050

$750-1050

$250

$250

$250

$250

$250

$2985-4330

$3735-5080

$4335-5580

LOAN AMOUNT(based on 80% loan)

ESTIMATED LENDER COSTS

All lender cost estimates per Wells Fargo Home Mortgage
1- Appraisal
2- Lender Fees
TOTAL ESTIMATED LENDER COSTS
ESTIMATED TITLE COSTS
All title cost estimates per Fort Dearborn Land Title

Record Fees (Deed and Mortgage)

State of IL Policy Fee
Closing Protection Letter
Misc.
TOTAL ESTIMATED TITLE COSTS
ESTIMATED ADDITIONAL BUYER'S COSTS

Broker Commission (K&S) $250 + % per buyer rep agrmnt*

(*percentage portion typically paid by seller's broker - see your buyer rep agreement for details)
TOTAL ESTIMATED ADDL COSTS

$2335-3730

$2335-3730

ESTIMATED REAL ESTATE TAX & OTHER CREDITS

Tax Credits

____________

____________ ____________ ____________

____________

Escrow Deposit( Earnest Money)

____________

____________ ____________ ____________

____________

Transfer Stamp ($7.50 per $1000 of purchase price)

$750

$1,875

$3,750

$5,625

$7,500

TOTAL ESTIMATED REAL ESTATE TAX & CREDITS

TOTAL ESTIMATED COSTS

Buyer's Estimate of Closing Cost-Chicago/Suburban

$5438-7178

$5538-7328

$6288-8083

$7338-9133

$8188-9883

APRIL 2012