Tj, closing cost are usually between 1-1.5% unless you are paying points for your loan. See enclosed. If you want to work out your payments, here is a tool.

http://davidtapper.com/MBCalc?operation=calc_payment_ext&…

Good luck,

Dave Tap Tapper
Realtor
Cashin Company http://www.DavidTapper.com
650-403-6252

Hi Tj, a general conservative rule of thumb for estimated Closing Costs is 2-4% of the purchase price; however, where you will fall depends on points/origination fees attributed to financing. I'm not sure what you mean by "monthly mortgage fee."

You may want to pursue a Pre-Approval so you can obtain a Good Faith Estimate that lists all the fees estimated for the purchase scenario you are planning. As far as buying, this is your first step (not a pre-qualification, see:. http://www.Steven-Anthony.com/default.aspx?pp=39377 for the difference between the two) so you can be ready to act when you need to, or be aware of any issues that may prevent you from buying when you want to.

Best, Steve

MBA, GRI, ABR, e-PRO, CMPS, RE Masters
REALTOR® / Mortgage Banker-Broker / Certified Mortgage Planning Specialist