Question Details

Peter Ruecker, Home Buyer in

What should my closing cost be?

Asked by Peter Ruecker, Wed Dec 24, 2008

What should my closing cost be for a short sale, listed at 199900 in Haverhill, MA. Thanks for your help

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Thanks for your help! Happy Holidays
0 votes Thank Flag Link Thu Dec 25, 2008
Closing costs will difer from sale to sale. It depends on how much your mortgage company is charging you. usually it is between 3 and 5% as a whole. Now if you are being charged points it will be on the higher end. Your mortgage broker should give you a good faith estimate when you sapply for the loan with all the closing costs broken down for you. good luck with your purchase.
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0 votes Thank Flag Link Wed Dec 24, 2008
Your closing costs are usually between 4% to 6% of the amount borrowed. Happy Holidays!
0 votes Thank Flag Link Wed Dec 24, 2008
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