2007-11-17 10:52:59 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It's normally about 1-2% of purchase price. 2% would be on the high side. Watch your closing statement carefully, even ask to see it the day before closing, so that you can review and ask questions if you need to.
2007-11-17 11:38:31 · answer #1 · answered by Anonymous · 0⤊ 1⤋
it depends on what state you live in. Over here in NY, we have the highest closing cost in the USA. Mortgage tax in NYC is 1.8% of the loan amount. That still leaves open title insurance which is another pretty penny (roughly .5%) and other title fees and title costs.
2007-11-18 11:03:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You need to negotiate this with the seller. I bought a house for $186,000 with $10,000 down and the seller paid all the closing costs.
2007-11-17 19:06:23 · answer #3 · answered by Deborah P 2 · 0⤊ 0⤋
depends on the state.
FL charges a lot of taxes that NC doesnt.
Title insurance maybe higher in FL ....also they need wind, flood, and hazard!!! FL closing costs range to 5%
Other states btwn 3-4%
2007-11-17 22:02:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Search for a closing cost calculator. I know when we were buying a house we used a calculator online to get an idea (sorry, I don't know which specific one though!).
2007-11-17 19:01:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋