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karundeng1, Other/Just Looking in 19145

how much closing cost in philadelphia,pa?

Asked by karundeng1, 19145 Mon Jun 4, 2012

how much the closing cost for $135000 in philadelphia, pa at zip 19145. i just got estimated from citi bank mortgage is about $10.400. not include the down payment. why is so high. thank you for the anwers

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10
Hi,

Many variables go into closing costs, including mortgage origination and financing costs.

You should ask your Realtor to explain and breakdown the charges so you can fully understand what you are paying for.

If you don't have a Realtor working with you as your Buyer's Agent yet, please feel free to cal me.

I'd be happy to assist you.

All the best,
Larry Lichtman
REALTOR, Property Manager
Your Real Estate Resource For Life
Cell/Text: (267) 254-7994
1 vote Thank Flag Link Tue Jun 5, 2012
Good Evening Karen,

Usually 7 to 8 percent of the sale price.

How serious are you in looking for a home.

If your a serious buyer.... then we are serious in helping you :-)

All the best John + Sheri Curci
RE/MAX Properties 215-757-2889
0 votes Thank Flag Link Tue Jun 5, 2012
Are u working with a realtor if not you should be then you could ask yoir realtor to explain the closing cost sheet instead of getting financial advice from strangers on the internet
0 votes Thank Flag Link Tue Jun 5, 2012
It depends on the kind of loan and lender you go with,


Doug Gungor
Realtor®
Coldwell Banker Preferred-Old City
223-225 Market st
Philadelphia, PA 19106
Cell:(267) 455-2613
Office:(215) 923-7600
Fax:(215) 554-6363
http://www.douggungor.com
0 votes Thank Flag Link Tue Jun 5, 2012
Hi,

We would need more information such as realtor fee, taxes, loan type, home owners insurance cost, etc. Also, if you're putting down less than 20%, how much is the MIP? If, you're getting an FHA mortgage and putting down 3.5% you're total cost should be higher than !0, 400 because lenders never have all of the fees.

Good luck,

Kevin and Darlene Jamison
RE/MAX Specialists
215-439-5625
kdj@kevinanddarlene.com
0 votes Thank Flag Link Tue Jun 5, 2012
Are u the buyer or the seller
0 votes Thank Flag Link Mon Jun 4, 2012
buyer
Flag Mon Jun 4, 2012
Are u the buyer or the seller
0 votes Thank Flag Link Mon Jun 4, 2012
Sounds about right.
Do you have representation from a Real Estate Side?

I suggest you get one. You will not have to ask these questions in a public forum.
Agent does not cost you anything......

Alex
0 votes Thank Flag Link Mon Jun 4, 2012
There is a 4% transfer tax. 2% is paid by seller, other 2% is paid by buyer. That goes into the closing costs. That is not all, but that may something that wasn't explained to you
0 votes Thank Flag Link Mon Jun 4, 2012
Rule of thumb with a mortgage is 8% of sale price...transfer tax is 2%...title is limited by law, escrows for taxes, insurance, appraisail...1st months interest...it adds up...only thing optional is realtors conveyancing fee!!! Lol
0 votes Thank Flag Link Mon Jun 4, 2012
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