Also the closing costs doesn't depend on your interest rate or mortgage term of 30 years.
If you have any other questions or need help finding a home if you're still looking feel free to give me a call at 646-725-5941, text me or email me at email@example.com.
It also depends on your qualifications. Some banks will pay part of your closing costs but the interest rate may be higher. Sorry I cannot give you more details but it is too hard without seeing your credit report and income statements.
You stated you are speaking to several banks right, I would speak to 3 different banks and one mortgage broker as well to see what is the best you can get. Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
I always tell my buyers to expect to pay approximatly 5% of purchase price to cover all closing costs: Appraisal, credit applications, Bank fees, your lawyer, the Banks lawyer, title insurance, mortgage insurance, mortage taxes, searches, recording fees, escrows and you might have enough to pay for a cab home after the closing!
Anything less and your holding your breath!
Realty on the Greene, LLC