Home Selling in New York>Question Details

Michael, Real Estate Pro in 10507

What are typical seller closing costs in New York state, Westchester county specifically?

Asked by Michael, 10507 Thu Jan 28, 2010

There are no agents involved and no attorneys. The property is a condo worth $198,000.
I'm looking at a cash-out refinance to erase some revolving debt and am attempting to estimate how much equity I should leave in the house to allow for the closing costs when we sell the property. Any help is greatly appreciated.

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Answers

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Depending on your loan type and overall profile the closing cost and interest rates on a loan will vary somewhat. "Typically" on a refinances closing cost can vary between 4 - 6% of the new loan amount.

If you would like a personal analysis of the potential cost of doing your loan where all the terms can be clearly defined to you please feel free to reach out to me and I will be happy to give you a free consultation.

All the Best

Elaine D. Stroman (email: estroman@cccmtg.com)
Sr. Mortgage Planner
& Renovation Loan Specialist
Continental Home Loans Inc.
175 Pine Lawn Rd, Ste 100
Melville, NY 11747
917-873-5611
0 votes Comment Flag Thu Jan 28, 2010
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