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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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closing costs?
We put in a bid and it was approved. I am trying to figure out exactly how much we need, though I know that it is still a ballpark figure.
Can everyone / anyone just share how much your closing costs were??
TIA
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Posted 8/23/09 10:31 PM  |
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evnme
My little lamb
Member since 8/05 12633 total posts
Name:
aka momma2b
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Re: closing costs?
just under 8k
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| Posted 8/23/09 10:35 PM |
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ttcing
LIF Adolescent
Member since 8/09 851 total posts
Name:
Mel
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Re: closing costs?
Someone on here said it costs 3-5% of the cost of ur house...
I'm estimating when it's my time to buy b/w 15,000-20,000
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| Posted 8/23/09 10:54 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: closing costs?
The best thing to do would be to ask your mortgage lender to give you an estimate of closing costs specific to the property, because some things are property specific like taxes
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| Posted 8/24/09 8:14 AM |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: closing costs?
My ATTy always says 6% of purchase price is the best round about...
(it has always been over the real amt, but at least it is a worst case scenario)
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| Posted 8/24/09 8:25 AM |
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Nifheim
allo
Member since 1/09 5476 total posts
Name:
Jennifer
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Re: closing costs?
for our house which was $206K mortgage and a total price of $225K with 8,300 taxes it will be $7K around for closing and then 5K for prepaids.
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| Posted 8/24/09 9:24 AM |
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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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Re: closing costs?
Posted by Nifheim
for our house which was $206K mortgage and a total price of $225K with 8,300 taxes it will be $7K around for closing and then 5K for prepaids.[/QUOTE
thanks
what did the prepaids include? just taxes?
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| Posted 8/24/09 9:28 AM |
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babymakes3
Almost there!
Member since 7/06 7376 total posts
Name:
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Re: closing costs?
Posted by rkoenke
My ATTy always says 6% of purchase price is the best round about...
(it has always been over the real amt, but at least it is a worst case scenario)
This was true for us. We had the sellers pay about half the closing costs.
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| Posted 8/24/09 9:32 AM |
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Cpt2007
A new love!
Member since 1/08 5946 total posts
Name:
Liz
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Re: closing costs?
they are usually 3-6% of the agreed upon purchase price.
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| Posted 8/24/09 9:56 AM |
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Cpt2007
A new love!
Member since 1/08 5946 total posts
Name:
Liz
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Re: closing costs?
Posted by snowflake08
Posted by Nifheim
for our house which was $206K mortgage and a total price of $225K with 8,300 taxes it will be $7K around for closing and then 5K for prepaids.[/QUOTE
thanks
what did the prepaids include? just taxes?
Prepaids are taxes, homeowners insur for a full year plus escrowed funds for homeowners, and anything else that your bank requires up front.
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| Posted 8/24/09 9:58 AM |
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Nifheim
allo
Member since 1/09 5476 total posts
Name:
Jennifer
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Re: closing costs?
yep taxes & home owners insurance for a year.
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| Posted 8/24/09 10:00 AM |
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Megs4
LIF Adult
Member since 11/08 1619 total posts
Name:
Megan
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Re: closing costs?
Mine worked out to be about 5%.
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| Posted 8/24/09 11:07 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: closing costs?
your bank should be sending you a good faith estimate.
our closing costs were someplace in the 12-13k neighborhood, I think.
you have to be prepared to pay any taxes, homeowners ins. for the year (we prepaid this to have the certificate at the closing table) and a bunch of other stuff.
our house was 295k.
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| Posted 8/24/09 11:15 AM |
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lucamon
LIF Adult
Member since 6/09 1133 total posts
Name:
Samantha
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Re: closing costs?
our closing cost was around $12k.
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| Posted 8/24/09 1:40 PM |
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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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Re: closing costs?
thanks
we are hoping to close in about 30 days
i will know on Wednesday
We can't have the seller pay half because it is a short sale.
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| Posted 8/24/09 6:49 PM |
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