INFORMATION CONTAINED IN A GOOD FAITH ESTIMATE THE BELOW IS NOT A GOOD FAITH ESTIMATE, IT IS AN
ESTIMATED BUYER'S ESTIMATED CLOSING COST ESTIMATE FOR A $750,000 HOME IN MONTGOMERY COUNTY, MD. A LENDER'S GOOD FAITH ESTIMATE WILL BE APPROXIMATELY THE SAME.

SETTLEMENTS COSTS FOR RESIDENTIAL REAL ESTATE
IN MONTGOMERY COUNTY, MARYLAND****

Estimate approximately 2/3 for Northern Virginia settlements
PRICE OF HOME LOAN TYPE LOAN TERM DOWN PAYMENT (20%) LOAN AMOUNT INTEREST RATE REAL ESTATE TAXES EARNEST MONEY DEPOSIT	$ 750,000 Conventional Jumbo 5 YEARS $ 150,000 $ 600,000 6% $ 8,000 $ 25,000
LOAN RELATED FEES
Appraisal Fee Credit Report Fee . Misc. Lender Fees 750	$400 60 750
PREPAIDS OR ESCROW ITEMS
Prepaid Interest (Per Diem) Hazard Insurance (1 year) Hazard Insurance Escrow . Prepaid RE Taxes (8 months) MIP (2 months) TITLE CHARGES Settlement Fee (legal) Title Insurance ($4.25 per $1,000)	119 (one day) 1,200 200 4,000 1,333 500 3,200
GOVERNMENT RECORDING AND TRANSFER FEES
Recording Fees County Transfer Tax State Transfer Tax Recordation Tax ** Transfer and recordation taxes will be paid in full by buyer for new construction. *** First time home buyers are exempt from the State Transfer Tax	150 3,750 (equal amount paid by seller) 1,875 (equal amount paid by seller) 2,587 (equal amount paid by seller)
ADDITIONAL SETTLEMENT FEES
Survey Pest Inspection TOTAL CLOSING COSTS ** First time home buyers exempt from State Transfer Tax	200 60 $ 20,384
DOWN PAYMENT TOTAL MONEY NEED TO BUY LESS EARNEST MONEY CASH NEEDED AT SETTLEMENT	$ 150,000 $ 170,384 $ 25,000 $ $150,384
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ESTIMATED MONTHLY PAYMENT Principal & Interest 1 Month RE Taxes 1 Month Hazard Insurance ($1,200 annum) MONTHLY PAYMENTS	$3,596 @ 6% 666 100 $4,362
All financial information is estimated and may vary from buyer to buyer based on PMI, Internet rates, Insurance, lender fees and other actual costs