What should we expect to pay in terms of closing costs? Does it depend on different things?
jteach711
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Re: For those that bought a house
It does depend on some different things. My fh is a mortgage broker. Let me know if you would like his info. He has helped so many of our friends buy their first homes
katleigh3
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Re: For those that bought a house
Our closing costs were about 12,000 on a 350,000 house about 5 years ago. We borrowed $280,000 from the bank and our % rate was 6 1/8...HTH...
Mici n KC
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Re: For those that bought a house
Posted by katleigh3
Our closing costs were about 12,000 on a 350,000 house about 5 years ago. We borrowed $280,000 from the bank and our % rate was 6 1/8...HTH...
Was the $12k based on something? Like does it depend on the cost of the house or taxes or something?
Mici n KC
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Re: For those that bought a house
Posted by jteach711
It does depend on some different things. My fh is a mortgage broker. Let me know if you would like his info. He has helped so many of our friends buy their first homes
Thanks Jess. I'll let you know!
IrishBrideASmiling
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Re: For those that bought a house
When my friend bought her house she qualified for the First Time Homeowners program and she got some money off of her closing costs. HTH
Mici n KC
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Re: For those that bought a house
Posted by IrishBrideASmiling
When my friend bought her house she qualified for the First Time Homeowners program and she got some money off of her closing costs. HTH
FH and I don't qualify because we make too much
katleigh3
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Re: For those that bought a house
Posted by MiciB115
Posted by katleigh3
Our closing costs were about 12,000 on a 350,000 house about 5 years ago. We borrowed $280,000 from the bank and our % rate was 6 1/8...HTH...
Was the $12k based on something? Like does it depend on the cost of the house or taxes or something?
Good question...lol...sorry...I forget...real helpful, huh? lol
I also think there are options to roll in the closing costs with the price of the house.
jerrys girl
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Re: For those that bought a house
closing costs are estimated at 3% to 5% of the purchase price of the house.
jerrys girl
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Re: For those that bought a house
i think the closing costs are the taxes, lawyers fees, title or other fees.
Mici n KC
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Re: For those that bought a house
bump
smplynluv
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Re: For those that bought a house
yes, from what I remember, closing costs include taxes (from the purchase), closer and lawyer fees, title company fees, appraisal fees, broker fees, bank fees like processing.... its a whole lotta fees lol and yeah, it'll be around 12,000-ish normally for a house around here. But, try to hassle the title company and the bank down. If they really want you to close they'll try to lower some fees.
