how much is settlement costs on a house worth 230,000?

Asked by Victor Nieves, Lansdale, PA Sat Mar 6, 2010

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Steve Fisher, , Delaware
Sat Mar 6, 2010
It does depend on the amount of the tax, insurance, type of mortgage, etc. The last one I had in that price range was 4.2%, with 1500 tax, plus the 3.5% you put down with FHA. Contracts after April 5th will have the closing cost raised 1/2 % FHA, which would change that to 4.7% closing cost. Sometimes you can get the Seller to pay part of the closing cost for you. If we got 3% help on that last one the cost would be 3.5 plus 1.2% or $10,810 total out of pocket. FHA is not the only mortgage to chose from. Any Realtor you work with should be able to refer you to some good Mortgage loan officers. If you are on the fence, do not wait, the $ 8000 tax credit will end soon also. Steve Fisher 507-7550
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