| Posted By |
Message |
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  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
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. 
|
| 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 them
|
| 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
 UGH
|
| Posted 4/25/06 10:50 AM |
| |
|
