PK
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Your lawyer give you a detailed and itemized list of closing costs prior to the closing so you know how many checks and in what amounts to bring.
If you are financing, the bank will also have a list of its closing costs. It all depends on the location, the sale terms, the financing, the taxes and the regulations of your owners association, if you have one.
Anything else is just a guesstimate. |
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CommonCents
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Request a HUD statement from escrow. They will know.
It is impossible for ANYBODY to answer your question without all the details of the transaction that the escrow company has. |
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togashiyokuni2001
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Usually expect about 3-5% of the LOAN, not the purchase price. So if you put a down payment on the townhome, you have to bring that in addition to the closing costs to the table. How come your real estate agent didn't negotiate the deal so you wouldn't have to pay them? |
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Rosebee
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It depends on the area you live in and how much taxes are in your area. I would say between 2-5k. |
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sweetgirl
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Good rule of thumb is 3-5 percent of the purchase price. you should get a settlement statement before closing that will tell you how much to bring. Congrats on your new house!! |
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renademarzo
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It depends on the price of the townhouse. Man of the figures for closings are based on percentages. Also, how much did you agree to pay the atty? Or, do you live in a state where a title company can close you without an atty.?
If you are getting a mortgage (which I assume you are), and live in the US....you should have gotten a GFE (good faith estimate) within 3 business days of signing the papers with your banker. The GFE tells you approx. what you will need for closing. A good banker/broker can estimate those fees within 2-300 dollars of being accurate. A basic rule of thumb is to five 5-6% of the purchase price if you are paying points. If not paying points, can be as low as 3-4%. If you live in a state that requires attys to close the deal, your atty will call you 1-3 days prior to the closing to tell you the exact settlement amount off the HUD-1 that will be required. Make sure you bring CERTIFIED funds to closing. A personal check will not be acceptable. |
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finan7
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Good question to ask your mortgage company. However, you may want to estimate a minimum of one percent of the price of the home for closing costs.
finan7 |
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Just me........
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mine was 5 grand............ |
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Uncle Tim
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Mine ran about $5,000.00. Closed on mine 4/2/2007. |
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.
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1/2your face times one quater of an ear |
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shop2early
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Your Realtor, should be able to tell you that. Maybe, 6 or 7 Thousand, you should know that by now, you are about to close the deal. Good for you. I am happy for you. You now will have a piece of the American Dream. I remember that feeling. |
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kevrigger
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EleventySeven |
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