Miscellaneous Costs & Fees $150 should cover notary, recording documents, endorsements, etc.

Hazard/Fire Insurance Reserve Two month's premium is usually collected for impound account if required. Paid by buyer.

Prepaid Interest Interest must be paid from close of escrow to 30 days prior to first regular mortgage payment.

Mortgage Insurance Required on all conventional loans greater than 80%. Cost ranges from about 1/2% to 1% per year. 14 months premium is collected in advance. For benefit of lender in case of default.

Tax Impounds When new loan is going to have an impound account, lender will require from 2-10 months taxes be deposited in impound account. If taxes are prorated, buyer's total charge for taxes should equal about six month's taxes.

Escrow Fee $750-$2500, depending on sales price. Can be paid by buyer, seller or split. Everything is negotiable.

We have listed examples for typical closing cost. Closing procedures and costs vary from area to area.

Your real estate agent and loan agent can provide estimated closing costs. Don't neglect to add them to all other costs of buying real estate when determining affordability of a property.

The “Success Paradox” of e-Kanban Bayer refers to this e-kanban Lean manufacturing efficiency as “success paradox”. According to Bayer, “The more it works more you want to do it. The more you do it less time you have to do it because of administrative overhead required to manage it. It appears as if natural cutoff point is 400 faxes per month. At 100 a month, secretaries manage it. 200-300 buyer planners deal with it, but hate it. Over 400 per month and something has to be done.”

# # # Sam Bayer Datacraft Solutions 919- 667-9804