0.5% on the first $55,000 plus,
1.0% on the next $195,000 plus,
1.5% on the next $150,000 plus,
2.0 % on the amount over $400,000.00
Example.: Purchase price is $220,000.00. 1% would be $2200.00 subtract $275.00 = $1925.00
or 0.5% of $55,000.00 = $275.00 then add 1% of the remaining $165,000 would be $1650.00 for a total of $1925.00....same answer!