lets say the short sale home price $170,000 what will the closing cost be.

Asked by At, Florida Thu Sep 10, 2009

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CCC, Home Owner, San Diego, CA
Thu Sep 10, 2009
Are you paying Cash or with a Mortgage?
Cash, around 2-3k.
Mortgage around 4%.
If you have applied for a Mortgage , request a Good Faith Estimate based on the property you are looking to buy or based on an estimate.
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Stacey Wyatt, Agent, Roswell, GA
Thu Sep 10, 2009

A good rule of thumb for Closing Costs is 3 - 4% of the Purchase Price. So $5,100 to $6,800 is a good target for a $170,000 Purchase. You can obviously get a Good Faith Estimate from a Lender to help you fine tune this number.
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