I have worked up on of the most popular closing cost work sheets using the VHDA FHA PLUS with the following assumptions and conditions to give you an idea. Minimum representative credit score of 680, Sales Price as you ask about of $130,000.00, Estimated City Assessment of $150,400.00, Property located in the City of Virginia Beach, Virginia - resulting in a property tax rate of $0.95, 3.500% second mortgage secured through the VHDA FHA PLUS, Earnest Money Deposit of $500.00 and Seller Concessions of $5,000.00.
Please also accept my invitation to attend a FREE 6 hour First Time Home Buyer Education Class on 2-23-2013 from 9:00 AM to 3:00 PM in Virginia Beach, Virginia. The location of the class is the Training Room at http://www.BeachFord.com 2717 Virginia Beach Boulevard, Virginia Beach, Virginia 23452. If you want to attend and bring a friend or friends I only ask that you let me register in advance at (757) 652-5851 so that I will have enough FREE VHDA first time homebuyer handbooks for all participants.
Are you a buyer or seller? If your a seller the cost to sell is roughly 9-10% of the sales prices.. If you're a buyer and looking at paying your own closing costs, you are looking at approx 3-4% of the sales price. If you would like a more definite answer please feel free to contact me. This market can be tricky, but when working with a professional like myself you'll be sure to get the right answers.
A Realtor with Taylor-Made Solutions!
Your costs associated with the sale of your home on the seller side would be approximately $9500 (closing / title company fee, grantor's tax, recording fees, Realtor fees of 6%). This does not include any prorated taxes or HOA dues (if in an association) or your payoff. This is just a rough estimation.
I have a colleague in Virginia Beach I'd be happy to refer you to for more detailed information. Let me know if I can help you further.