What are some of the extra costs added to the morgage that I am forgetting?
Valentinegirl
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What are some of the extra costs added to the morgage that I am forgetting?
PMI, yearly taxes, home insurance, closing costs. I do that morgage calculator that they have online but it doesnt incluse everything. What else is there?
antoinette
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Re: What are some of the extra costs added to the morgage that I am forgetting?
appraisal fee, brokers fee credit report fee but some times these fees are included in the closing costs and sometimes not -- depends on the broker. I had top pay the appraisal fee upfront it was around 350$
Kelly9904
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Re: What are some of the extra costs added to the morgage that I am forgetting?
The lawyer fees! and sometimes you may have to get a survey done as well,and dont forget the engineering inspection.
Good Luck this weekend!!!
Valentinegirl
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Re: What are some of the extra costs added to the morgage that I am forgetting?
Thank you so much!
Charly
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Re: What are some of the extra costs added to the morgage that I am forgetting?
I think the girls covered everything.
Good luck!
HAVE FUN!
Fran M
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Re: What are some of the extra costs added to the morgage that I am forgetting?
There are a bunch of transfer taxes and if you are purchasing in NY mortgage tax. Everything should be listed on your good faith estimate.
Payments to the previous owner for Oil in the tank if you have oil heat, any prepaid service contracts like alarm service or CAC service
Crisco718
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Re: What are some of the extra costs added to the morgage that I am forgetting?
Do you mean monthly mortgage costs or mortgage closing costs?
Valentinegirl
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Re: What are some of the extra costs added to the morgage that I am forgetting?
Monthly morgage, like PMI and closing costs and home insurance. We are going to talk to someone this week so I'll ask them but thanks for the help!
Crisco718
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Re: What are some of the extra costs added to the morgage that I am forgetting?
The things that are included in your monthly mortgage are:
Loan Payment Property Taxes Home Insurance PMI (if you put down less than 20%)
The other home costs separate from your mortgage will be:
Electricity Gas/Oil Water Garbage Collection (only some areas)
Phone Cable
Valentinegirl
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Re: What are some of the extra costs added to the morgage that I am forgetting?
Posted by Crisco718
The things that are included in your monthly mortgage are:
Loan Payment Property Taxes Home Insurance PMI (if you put down less than 20%)
The other home costs separate from your mortgage will be:
Electricity Gas/Oil Water Garbage Collection (only some areas)
