What can I expect to pay in closing costs?

Original post by Teri

Jan 28, 2004 07:04 PM

I had figured about $10K give or take a little, but then we met with a buyer's broker last weekend who told me it's more like 8% of the house cost now....that's at least $24K (BTW - why would the price of the house matter - isn't this fee the lawyer's fee, taxes, county filing, etc??)

Can it really be that high? Maybe if the entire year's worth of taxes are included?!

TogetherForever Posted: Jan 30, 2004 04:46 PM

Re: What can I expect to pay in closing costs?

that is about what we paid

Jenn P Posted: Jan 30, 2004 05:06 PM

Re: What can I expect to pay in closing costs?

Shelzyp's right, there is a fee that your mortgage amount has an influence on. I'm sorry, I can't remember exactly what it is either.

Ask whoever gave you that estimate where the heck they get it from. I've never heard of costs that high.

susans Posted: Jan 30, 2004 06:52 PM

Re: What can I expect to pay in closing costs?

we paid about 5%

Sasha96 Posted: Jan 30, 2004 08:47 PM

Re: What can I expect to pay in closing costs?

our lawyer told us 5% of the purchase price and it turned out to be right on!

cooky11111 Posted: Jan 31, 2004 05:51 PM

Re: What can I expect to pay in closing costs?

They also have a seller's concession which means if you didn't have that much cash on hand you can put a certain percent of the closing cost's in the mortgage.