What will Closing Cost Be If Owner Financing (insurance, real estate, fees)

[westchester]

I amm looking @ buying a commercial property with owner financing 80% of Property Price is 650k with 120 down....How much will I owe @ closing ...Ball Park............ Lawyer is 2k title is ? taxxes ? etc thanks............... This is in New York

[sunsprit]

These questions are best answered by the title insurance company doing the closing.

Regardless of who the "lender" is, there are costs associated with the change of ownership, everything from pro-rated tax liabilities to filing/doc fees, to insurance costs.

If there's a real estate agent involved in your deal, they should be able to "ballpark" a lot of the costs with some basic tax information from the seller.