that is financed into the loan but is part of the closing cost calculations. Nowadays that fee on a $150,000 loan is 1.75% or $2625 so you haven't provided enough information to really answer your question.
As a general rule in New Jersey, with a loan with Escrows the total costs to get into a loan would amount to approximately $9,000. If you wish to discuss your EXACT circumstances feel free to call me 973-769-2572
The remaining costs will be your attorney fees, title insurance, recording charges, tax proration (this is simply paying your portion of property taxes for the quarter), and survey (if required by your lender).
** The best way to keep your closing costs low is to try and negotiate in a Seller's Concession (closing cost credit) into your contract. This allows you to put a portion of your closing costs into the Contract price so you don't have to bring as much at the closing tables. Your realtor should be able to tell you more about it when putting in your offer.
Rifah I. Manasra, Esq.
Manasra & Manasra, PC
1169 Summit Avenue
Jersey City, NJ 07307
Closing costs vary between 2-3 %. Your lender should provide you with a Good Faith Estimate. It is always a good idea to set an few extra dollars aside for last minute costs that may arise. Good Luck
Just to be on the safe side closing cost should be around 3% of the Purchase Price, also be sure to ask your Lender for a itemized Good Faith Estimate, this will give you a more accurate idea of your total cost etc.
Hoping this helps.
Charlaine A Mercado
New Jersey Association of RealtorsÂ® Award of Excellence
Weichert Million Dollar Sales Club
Weichert RealtorsÂ® - 273 Grove Street â€“ Jersey City NJ 07302
In general, closing costs are 1-2% of your purchase price. As the other agents have posted, your lender will be able to provide you with a more accurate estimate.
Exchange Place Office
You can do a rough estimate by calculating 2% of the sales price.
The best way is to get a GFE.
If you have any questions, feel free to contact me: