What are closing costs for a home in the $400,000 price range in Prince William County, VA?

Asked by Kaye Thomas, Manhattan Beach, CA Sat May 19, 2007

I'm curious as to what it would cost a buyer for closings costs on a property in the $400,000 price range

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Lenn Harley, , Maryland and Northern Virginia
Sat May 19, 2007
Closing costs throughout Northern Virginia are about 2-3% of the purchase price. The largest item would be pre-paid real estate taxes.
2 votes
Kim Chitwood, Agent, Fayetteville, GA
Tue Jul 10, 2007
I agree with approx. 3%. It is hard to pinpoint an exact number until you get a settlement statement but that is a good guideline.
1 vote
Susan Jacobs, Agent, Gainesville, VA
Tue Jul 10, 2007
It depends how many points there on the loan. But as a ball park number I tell buyers to budget about 3% of the sale price unless they need a subprime loan. Then it could be as much as 6% Yips!
1 vote
Kaye Thomas, Agent, Manhattan Beach, CA
Wed May 23, 2007
Thank you for the information Lenn.. that seems a very reasonable number..
0 votes
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