|
how much were your closing costs? is it based on a percentage of the loan amount?
| Posted By |
Message |
raken40
soooo in love:)
Member since 5/05 4369 total posts
Name:
Karen
|
how much were your closing costs? is it based on a percentage of the loan amount?
|
Posted 7/3/05 10:36 AM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
sasha96
lovin' my 2 little ladies!
Member since 5/05 7401 total posts
Name:
Julianne
|
Re: how much were your closing costs? is it based on a percentage of the loan amount?
closing costs vary b/c so many fees go into them! I think the first time we bought a home our lawyer said it was something like 5% of purchase price as a way to estimate the total.
|
| Posted 7/3/05 11:13 AM |
| |
|
Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
|
Re: how much were your closing costs? is it based on a percentage of the loan amount?
I was told yesterday that it was about 5% of the purchase price...
Which is quite frightening!
For the home that we looked at yesterday it was about 15K in closing costs !
A lot of people i know do not realize this factor!
|
| Posted 7/3/05 6:27 PM |
| |
|
HarleyGirlFLA
Come on in
Member since 5/05 9674 total posts
Name:
Mel
|
Re: how much were your closing costs? is it based on a percentage of the loan amount?
Our closing cost is extremely low. We had it meshed into the down payment.
Message edited 7/3/2005 8:10:34 PM.
|
| Posted 7/3/05 8:08 PM |
| |
|
lily
LIF Infant
Member since 5/05 164 total posts
Name:
L
|
Re: how much were your closing costs? is it based on a percentage of the loan amount?
i think ours were about 5% of the selling price. i think your taxes have a lot to do with it and how much the sellers have already prepaid because you will have to pay them back the amount they have prepaid.
|
| Posted 7/4/05 10:28 AM |
| |
|
DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
|
Re: how much were your closing costs? is it based on a percentage of the loan amount?
On a 400k home with 6k of yearly taxes with 20% down... I am paying about 11k worth of closing costs. Suffolk County.
The closing costs include some property taxes pre-paid (about 4 months worth)... as well as my first year of homeowners insurance.
|
| Posted 7/4/05 4:42 PM |
| |
|
Potentially Related Topics:
Currently 86430 users on the LIFamilies.com Chat
|
