Willy and other pro's

[Snglmom]

Is there a way or can you tell me what the ususal closing costs would be on say a $115,000 mortgage I would like to see customary buyer and seller costs ....thanks so much

[NeedItNow]

Wow, that depends of a lot of things. Here are some round numbers for you to look at............(This is for Conventional)

 

For starters, figure a years worth of taxes and insurance to set up an escrow acount.

 

1% Origination Fee

300 Appraisal Fee

30 Credit Report

78 Tax Service Fee

300 Processing Fee

400 Administration Fee

12 Flood Cert

___ Title Related Fees ___

200 Doc prep Fee

600 Title Ins

200 Endorsements

______________________

 

They will probably want you to prepay 15 days worth of interest also. A round number is 3-6% of the loan cost.

 

Best Regards,

 

Matt