Home Buying in 11003>Question Details

Prat, Home Buyer in East Meadow, NY

what would be the approx. closing costs for a home priced at 330,000,after putting a down payment of 25,000

Asked by Prat, East Meadow, NY Mon Jun 27, 2011

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When you got your preapproval, didn't the loan officer go over closing costs with you? Closing costs are going to be determined by the mortgage you are getting FHA or conventional? Setting up the escrows for real estate tax and homeowners' insurance also go into the closing costs. Do you know the real estate tax? Let me know if you want a GFE.
0 votes Thank Flag Link Wed Jun 29, 2011
Closing Costs are usually 6% of the amount you borrow - so in your case about $18K or so.

If you're not currently working with a buyer's agent, I would be happy to assist you.

Ralph Windschuh
Certified Buyer Representative
Associate Broker
Senior Real Estate Specialist
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
0 votes Thank Flag Link Wed Jun 29, 2011
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