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Closing costs

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Jessee
LIF Adult

Member since 3/06

1260 total posts

Name:
Jessee

Closing costs

Can anyone give me a rough estimate of how much closing costs are? I have no idea how this is figured, and this obviously needs to be calculated into our purchasing budget. Is it based on the cost of the home?

Posted 4/23/06 1:40 PM
 
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Blu-ize
Plan B is Now Plan A

Member since 7/05

32475 total posts

Name:
Susan

Re: Closing costs

Figure between 10-13K depending on lots of variables.

Did you get a good faith estimate yet on a home or on a dollar amt and taxes?

Posted 4/23/06 1:49 PM
 

Jessee
LIF Adult

Member since 3/06

1260 total posts

Name:
Jessee

Re: Closing costs

We're just at the stage when we are calculating what we can afford - so no home to get an estimate on yet.

Posted 4/23/06 2:02 PM
 

LIMOMx2
...

Member since 5/05

24989 total posts

Name:

Re: Closing costs

Ours were $13,000 and that did not include taxes due because they were already paid. But if taxes were not paid add them in too.

Posted 4/23/06 2:20 PM
 

jaysee00
LIF Adult

Member since 3/06

1647 total posts

Name:

Re: Closing costs

Posted by Blu-ize

Figure between 10-13K depending on lots of variables.

Did you get a good faith estimate yet on a home or on a dollar amt and taxes?



This definitely seems right- between 10-13K. Our closing costs are going to run us around 10K, but we also had to figure in half of our taxes, so that brought up to around 12K. Chat Icon

Posted 4/23/06 5:52 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: Closing costs

depending on how much the house is...i would think around 13-14K these days

Posted 4/23/06 5:53 PM
 

dandr10199
Grace is growing up too fast!

Member since 10/05

11561 total posts

Name:
Dina

Re: Closing costs

Posted by Redhead

depending on how much the house is...i would think around 13-14K these days



I agree.

Posted 4/23/06 8:46 PM
 

MommyofG
just the girls

Member since 5/05

9461 total posts

Name:
Janice

Re: Closing costs

4 years ago ours was 12k

Posted 4/23/06 9:00 PM
 

Jessee
LIF Adult

Member since 3/06

1260 total posts

Name:
Jessee

Re: Closing costs

Thanks - probably in the 450-500K range. Still under 15K you think?

Posted 4/23/06 11:06 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: Closing costs

Posted by Jessee

Thanks - probably in the 450-500K range. Still under 15K you think?


i am thinking about 14-15K sounds about right

Posted 4/23/06 11:38 PM
 

ODonnell
.

Member since 9/05

5983 total posts

Name:

Re: Closing costs

Our credit union told us 3-4% of the amount being borrowed. It worked out to exactly 3%, which included a discount from the CU because it was our first mortgage with themChat Icon

Posted 4/24/06 9:24 AM
 

SweetT
LIF Adult

Member since 4/06

1305 total posts

Name:
Ali

Re: Closing costs

Plan for a few thousand more than the estimated are. 14-15 is right.

Message edited 4/24/2006 10:32:21 AM.

Posted 4/24/06 10:31 AM
 

MsMBV
:P

Member since 5/05

28602 total posts

Name:
Me

Re: Closing costs

ours was $14,0000 last June

Posted 4/25/06 8:14 AM
 

schnapy
LIF Adolescent

Member since 9/05

766 total posts

Name:
Diana

Re: Closing costs

our broker said it usually comes out to 3-4% of the total cost of the house.

Our closing costs were about $12k then when we went to closing we got back $2k.

Posted 4/25/06 8:21 AM
 

17sugars
LIF Zygote

Member since 1/06

20 total posts

Name:
Steph

Re: Closing costs

We closed last week and ours were about 4% of the purchase price.

Posted 4/25/06 8:47 AM
 

csorisi
My 2 LOVES

Member since 11/05

1984 total posts

Name:
Corinne

Re: Closing costs

Ours were aroudn 17,000 for a 437,000 house. That included taxes for may which were 3608 but didn't include setting up escrow for taxes & insurance. Bank fees alone can cost anywhere from 5000 to 10000 depending on if you pay points or not plus your title bill which is the other major expenses dependign on the price of the house can be around 5000.

Posted 4/25/06 9:58 AM
 

Charly
LOVE!

Member since 5/05

12578 total posts

Name:

Re: Closing costs

Ours will be close to $20K for a $550k house including escrow.

Posted 4/25/06 10:34 AM
 

Jessee
LIF Adult

Member since 3/06

1260 total posts

Name:
Jessee

Re: Closing costs

Chat Icon UGH

Posted 4/25/06 10:50 AM
 
 

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