Washington, DC Purchase & Closing Cost Analysis
	Assumptions
	Selling price of property
	Mortgage Amount
	Transfer & Recordation Tax
				BUYER		SELLER
	DEED TRANSFER TAX	Split 50/50 Buyer Pays 100% Seller Pays 100%
	RECORDATION TAX	Split 50/50 Buyer Pays 100% Seller Pays 100%
	The Buyer customarily pays the Recordation tax and the seller customarily pays the Transfer tax. However, payment is dictated by sales contract.
	Title Insurance
	Policy Type	Basic Coverage Expanded Coverage		OWNERS POLICY		LENDERS POLICY
	Policy Coverage	Lenders Policy Owners Policy Simultaneous Issue