Closing Costs

[frankgn87]

in a $280k home we paid about $10k closing costs + down payment.. So we have to bring about $19k to the closing in 6 weeks..

[shawn0000]

I used Bank of America Plus mortgage and didn't pay closing cost. My lawyer was actually surprised that I didn't have to pay him.. Also, I put down 10% and i'm not paying PMI. It was a pretty sweet deal. I'm sure someone will rain on my parade by I have no complaints using them.

I did have to pay:
Loan Discount Fee.. 0.76%
Interest from my closing date to my first mortgage payment
2nd Quarter Taxes
Escrow of Taxes

[shawn0000]

just pulled my Hud-1.. below is what BoA paid (listed as POC L) :

Appraisal Fee $100.00
Credit Report $0.90
Tax Service Fee $75.00
Flood Cert $11.00
Title Search $150.00
Attorney Fee $950.00
Title Insurance $2,462.28
Wire Trasnfer Fee $10.00
Overnight Delivery $48.00
Recording Fee $310.00

$4,117.18

[hikinman63]

any points paid are tax deductable

escrows are your money ,you will have those refunded when you pay off the house or sell it


my input was 159.27 non refundable



good luck

[SweepTheLeg]

Originally Posted by shawn0000

I used Bank of America Plus mortgage and didn't pay closing cost. My lawyer was actually surprised that I didn't have to pay him.. Also, I put down 10% and i'm not paying PMI. It was a pretty sweet deal. I'm sure someone will rain on my parade by I have no complaints using them.

I did have to pay:
Loan Discount Fee.. 0.76%
Interest from my closing date to my first mortgage payment
2nd Quarter Taxes
Escrow of Taxes

Not to rain on your parade, even though you're not paying PMI, you ARE paying a higher interest rate.

If you're planning to stay longer in your house, you may end up paying more.

[JC JC Mom]

I paid 6600 for closing on a 255,000 house.

[FlyersFan]

Originally Posted by NJStealth

How are closing costs determined? What is the amount people actually pay on closing costs these days? I am curious cause I am being asked to pay 7k for a 235k house and just wondered if thats normal

Has your agent suggested neogtiating for the seller to pay some or all of your closing costs ?