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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Closing Cost.
How much approx?
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Posted 8/30/05 10:56 PM  |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Closing Cost.
Use this as a guide on what to pay.
Closing costs for a 435k house with 20% down.
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| Posted 8/30/05 11:01 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Closing Cost.
Oh... and this is for Suffolk County.
Nassau will be a little different.
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| Posted 8/30/05 11:02 PM |
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KPsquared
Member since 5/05 4663 total posts
Name:
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Re: Closing Cost.
Normally it is close to 5% of the price of the home.
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| Posted 8/30/05 11:20 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Closing Cost.
Posted by KimPetro
Normally it is close to 5% of the price of the home.
If you are paying 5% in closing costs.... you are getting a bad deal (at least in Suffolk). 5% for me would have been 21k in closing costs. NO WAY I pay that much.
I am not sure how much more Nassau County tax stamps are over Suffolk. But it can't be too much.
Look at my GFE and compare. I got just about all of my "800 fees" waived. The only thing that I couldn't get waived was the application fee.... but if you look at the bottom right at the totals... at closing I get $250 of that credited back.
Everything else... VERY LOW closing cost fees. I even had property and hazard taxes escrowed which added 2k+ onto my closing costs (I didn't have to do this).
Trust me when I say these are the numbers you want to shoot for when doing mortgage shopping. If you can find them cheaper (which you may be able to)... i'll commend you. 
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| Posted 8/30/05 11:31 PM |
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PiyoPika566
talk to the hand
Member since 5/05 1436 total posts
Name:
Stephanie
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Re: Closing Cost.
so weird.. I got my application fee waived and nothing else, our closing fee is est. around $14,500 for Nassau
Message edited 8/31/2005 8:08:24 AM.
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| Posted 8/31/05 8:08 AM |
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: Closing Cost.
I have heard for nassau closing fees around 11000 to 16000
Scott
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| Posted 8/31/05 8:36 AM |
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btrflygrl
me and baby #3!
Member since 5/05 12013 total posts
Name:
Shana
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Re: Closing Cost.
uh, ours were about $8,000 and we put 3% down
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| Posted 8/31/05 8:51 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Closing Cost.
on a home...i was told 13-15 K
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| Posted 8/31/05 8:53 AM |
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MsG
Should be working
Member since 5/05 2824 total posts
Name:
G
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Re: Closing Cost.
On a 340k home with nothing down we paid 10k - our lawyer was very helpful in getting it down for us.
ETA: we also paid 2,250 for our attorney - partly b/c the seller did not use an attorney, and used OURS instead to ask many questions, etc. 
Message edited 8/31/2005 8:57:17 AM.
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| Posted 8/31/05 8:56 AM |
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Bebalina
<3
Member since 6/05 2922 total posts
Name:
N
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Re: Closing Cost.
well my closing is coming up and i've been given an estimate of $25k. I thought that was a lot but my girlfriends parents had the same total, they home in bayside,queens, and my soon to be home in whitestone, queens
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| Posted 8/31/05 9:43 AM |
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MommyofG
just the girls
Member since 5/05 9461 total posts
Name:
Janice
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Re: Closing Cost.
I know we payed 14k in closing cost, but I dont know the details of it like % etc. I just remember saying HOLY CRAP!!!!! and when we refi 2 yrs ago for a better rate( 5.8) we payed closing cost AGAIN 12k!!!!!!!!!! it *****!!!!!
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| Posted 8/31/05 12:17 PM |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: Closing Cost.
Posted by btrflygrl
uh, ours were about $8,000 and we put 3% down
If I remember correctly, that's in GA, so you're comparing apples to oranges, not necessarily a good comparison.
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| Posted 8/31/05 1:51 PM |
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Re: Closing Cost.
Ours is approx. $9k-10k
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| Posted 8/31/05 4:21 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Closing Cost.
Posted by meghanmetz
Posted by btrflygrl
uh, ours were about $8,000 and we put 3% down
If I remember correctly, that's in GA, so you're comparing apples to oranges, not necessarily a good comparison.
$8,000 in GA money is probably like $20,000 in NYC money. 
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| Posted 8/31/05 5:01 PM |
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Re: Closing Cost.
Kristin- I believe some of it will depend on how much the sellers already paid in taxes. For example, the sellers of our house had paid village and school taxes (I think- I know there were two categories of taxes). For argument's sake, let's say they paid the school taxes for the fiscal year that ended in August. We took possession in May. So we had to reimburse them for the taxes that they'd paid, cause they were no longer living there.
It was a small portion, but it still added up.
Also, part of our closing cost was reimbursing the sellers for the oil that was already in the tank- that was about $600.
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| Posted 8/31/05 7:31 PM |
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NJmom
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Member since 8/05 4987 total posts
Name:
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Re: Closing Cost.
i think ours came out to be about 3% of the purchase price
Message edited 9/1/2005 11:28:18 AM.
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| Posted 9/1/05 11:27 AM |
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lullabella
LIF Adult
Member since 5/05 2246 total posts
Name:
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Re: Closing Cost.
Closing costs depend on property Tax, mortgage tax and title insurance. Thos are the biggest factors. In addition to some other minimal fees for inspection, application, lawyers fees, etc...
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| Posted 9/1/05 2:37 PM |
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CaseyGirl
Mommy to 3 Boys :)
Member since 5/05 19978 total posts
Name:
Jen - counting my blessings...
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Re: Closing Cost.
We are in NJ, ours were about $8k and we put 5% down. We did a seller's concession.
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| Posted 9/1/05 2:56 PM |
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