$3,700.
Estimate your closing costs. Our closing costs estimator can help you estimate your total closing expenses. When working with the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only. 1 Seller concession. 2  A seller concession helps buyers pay their closing costs. 3  If the buyer asks you for a concession of, for example, 3 percent, that amount will be added to your agreed-upon home price, and you will give back that 3 percent to the buyer to pay for closing costs. 4  Repairs. 1 If the buyer asks you for a concession of, for example, 3 percent, that amount will be added to your agreed-upon home price, and you will give back that 3 percent to the buyer to pay for closing costs. 2  Repairs. Typically, home buyers will pay between about 2 and 5 percent of the purchase price of their home in closing costs. So, if your home cost $150,000, you might pay between $3,000 and $7,500 in closing costs. On average, buyers pay roughly $3,700 in closing costs, according to a recent survey. Lenders are required by law to give you a good faith estimate (GFE) of what the closing costs on your home will be within three days of when you apply for a loan. Estimate your closing costs. Our closing costs estimator can help you estimate your total closing expenses. When working with the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only. * required. The average closing costs percentage is usually about 2-5% of the purchase price (e.g., ~$4500 on a $180,000 home), but 1-8% is not uncommon. And to be clear, nobody chooses a specific percentage number—the closing costs will just happen to add up to some percentage. In addition to the down payment, you'll also have to pay closing costs — miscellaneous fees charged by those involved with the home sale (such as your lender for processing the loan, the title company for handling the paperwork, a land surveyor, local government offices for recording the deed, etc.). 1 A seller concession helps buyers pay their closing costs. 2  If the buyer asks you for a concession of, for example, 3 percent, that amount will be added to your agreed-upon home price, and you will give back that 3 percent to the buyer to pay for closing costs. 1 If the buyer asks you for a concession of, for example, 3 percent, that amount will be added to your agreed-upon home price, and you will give back that 3 percent to the buyer to pay for closing costs. 2  Repairs. Here are typical closing costs, along with a calculator to help estimate the cost for your own home. Everyone's situation is different, and this calculator is not a substitute for getting the GFE and the Settlement Statement from your lender. In addition to the down payment, you'll also have to pay closing costs — miscellaneous fees charged by those involved with the home sale (such as your lender for processing the loan, the title company for handling the paperwork, a land surveyor, local government offices for recording the deed, etc.). Determine the annual property taxes for your buyer closing costs. Local property taxes can vary wildly due to the area where your house is located. You can get a history of the property taxes on the house from your real estate agent or from your city or county tax office. Being able to accurately estimate your closing costs before you even make an offer on a home or put your home on the market is crucial to being prepared for what the process is going to cost you up front. Both the buyer and seller may pay closing fees. As part of your mortgage application you will get a Good Faith Estimate showing your potential closing costs. Some closing costs on a house can be rolled into the mortgage loan. Costs can include: 1  An origination fee. 2  Discount point(s). 3  An appraisal fee. If you don't have enough cash to pay the closing costs, you can often get the closing costs added to the amount of the loan. For example, if the loan amount is for $150,000, and the closing costs are $4500, you'd add the closing costs to the loan amount so you'd actually be borrowing $154,500 total. In addition to the down payment, you'll also have to pay closing costs — miscellaneous fees charged by those involved with the home sale (such as your lender for processing the loan, the title company for handling the paperwork, a land surveyor, local government offices for recording the deed, etc.).
https://www.bankofamerica.com/home-loans/mortgage/closing-costs-calculator-results.go http://www.realtor.com/advice/sell/costs-of-selling-a-home-how-to-estimate-closing-costs-and-net-proceeds/ http://www.zillow.com/mortgage-learning/closing-costs/ https://www.bankofamerica.com/home-loans/mortgage/closing-costs-calculator.go http://michaelbluejay.com/house/closingcosts.html http://www.realtor.com/advice/sell/costs-of-selling-a-home-how-to-estimate-closing-costs-and-net-proceeds/ http://michaelbluejay.com/house/closingcosts.html http://www.wikihow.com/Calculate-Closing-Costs https://www.usbank.com/home-loans/mortgage/closing-costs.aspx http://michaelbluejay.com/house/closingcosts.html
closing cost on a house estimate