| Posted By |
Message |
Dani00518
Gorgeous
Member since 5/05 2730 total posts
Name:
Danielle
|
Let's talk closing costs!
If I were to purchase a home in the 500,000 to 515,000 range.......what would I be looking at as far as closing costs. What do I have to take into account? The taxes are about 7300 with star....add another $900 without star. Thanks!
|
Posted 7/24/06 7:07 PM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
|
Re: Let's talk closing costs!
I was told that in NY it ends up being an avg of 3-4% of the cost of the house!!
 
Message edited 7/24/2006 7:17:45 PM.
|
| Posted 7/24/06 7:17 PM |
| |
|
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
|
Re: Let's talk closing costs!
I'll ask my DH when he comes home-
( of course I came home to the A/C being left on all day when I just got the bill and it was $180 for a 1 bedroom apartment- so first I might have to talk to him about that)
|
| Posted 7/24/06 7:19 PM |
| |
|
checka
She's here!
Member since 5/05 1769 total posts
Name:
Me
|
Re: Let's talk closing costs!
Ours was about 5% of the loan amt.
|
| Posted 7/24/06 7:48 PM |
| |
|
csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
|
Re: Let's talk closing costs!
Ours were about $17,000 with out taxes paid at closing for a $437,000 house. It also depends if your house has gas or oil and when exactly you are closing. Usually though 3-4% of the purchase price.
|
| Posted 7/24/06 7:50 PM |
| |
|
SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
|
Re: Let's talk closing costs!
Posted by csorisi
Ours were about $17,000 with out taxes paid at closing for a $437,000 house. It also depends if your house has gas or oil and when exactly you are closing. Usually though 3-4% of the purchase price.
what is the difference in price between gas & oil?
|
| Posted 7/24/06 7:59 PM |
| |
|
checka
She's here!
Member since 5/05 1769 total posts
Name:
Me
|
Re: Let's talk closing costs!
Posted by SweetestOfPeas
what is the difference in price between gas & oil?
If there is oil in left in the tank you will usually have to pay the previous owners money for it.
|
| Posted 7/24/06 8:56 PM |
| |
|
csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
|
Re: Let's talk closing costs!
Posted by checka
Posted by SweetestOfPeas
what is the difference in price between gas & oil?
If there is oil in left in the tank you will usually have to pay the previous owners money for it.
And if they just filled it up before you close it could be a a few hundred dollars.
|
| Posted 7/24/06 11:10 PM |
| |
|
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
|
Re: Let's talk closing costs!
3-4%
3.5% of $500K is $17K.
Message edited 7/25/2006 9:15:52 AM.
|
| Posted 7/25/06 9:15 AM |
| |
|
ODonnell
.
Member since 9/05 5983 total posts
Name:
|
Re: Let's talk closing costs!
We were told 3 - 4% of the amount we were borrowing, not the cost of the house. It worked out to be 3%.
|
| Posted 7/25/06 9:33 AM |
| |
|
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
|
Re: Let's talk closing costs!
We financed $328K and we paid about $10,500 in closing costs. We closed in December. It depends also when the taxes are due on the property. You may have to pay 3 months up front or 6 months up front depending on when they are due.
We have oil and we had to pay about $200 for the oil in the tank. That was added to our closing costs.
Message edited 7/25/2006 10:27:28 AM.
|
| Posted 7/25/06 10:08 AM |
| |
|
Laura1976
Member since 5/05 5754 total posts
Name:
Laura
|
Re: Let's talk closing costs!
our house was 545K and it was estimated at 18K, but when we got to the closing, it was only 14K .
|
| Posted 7/25/06 10:23 AM |
| |
|
AimeeE2006
Time flies!
Member since 1/06 5698 total posts
Name:
Aimee
|
Re: Let's talk closing costs!
Here's what I was told yesterday by our lawyer. We're buying a house for $430,000 in Orange County - our taxes are approx. $8600 without star. We are paying a half point for a lower rate. Anyhoo - the guesstimate was $18,000 for closing costs! yikes! Our friends who used the same guy said that we probably will end up spending less because he always gives you a higher estimate - but it's still a lot of money!!!
|
| Posted 7/25/06 10:32 AM |
| |
|
CityNYGirl
My everything!!!!!
Member since 5/05 2324 total posts
Name:
Betty
|
Re: Let's talk closing costs!
It will be around $17,000
|
| Posted 7/25/06 10:36 AM |
| |
|
kaklesmay
Love my baby boy!
Member since 9/05 1151 total posts
Name:
Kim
|
Re: Let's talk closing costs!
Ours came out to about 3% of the purchase price
|
| Posted 7/25/06 10:57 AM |
| |
|
dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
|
Re: Let's talk closing costs!
Our was a little less than 4% of the purchase price
|
| Posted 7/25/06 11:00 AM |
| |
|
MrsA
.............................
Member since 1/06 2012 total posts
Name:
|
Re: Let's talk closing costs!
Posted by dandr10199
Our was a little less than 4% of the purchase price
ditto.
|
| Posted 7/25/06 2:45 PM |
| |
|
