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What is the roughly closing cost for buying a house?
Got this from the www.chase.com .
Loan Details
5/1 LIBOR ARM - 3.190% APR, $435.64 monthly payment, 0.000 points
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Total Estimated Monthly Payment $551.64 Details
Estimated monthly housing payments
Principal (excluded for interest only loan) and interest payment: $435.64
Property taxes: $94.00
Hazard insurance: $22.00
Mortgage insurance: $0.00
Monthly association dues: $0.00
TOTAL ESTIMATED MONTHLY PAYMENTS $551.64
Estimated Closing Costs Details
Lender fees and points
Discount Points $0.00
Processing/Underwriting Fee $595.00
Application Fee $395.00
Third party fees
Title Insurance $525.00
GA - Per Loan Fee $10.00
Attorney Fees $450.00
City/County Tax/Stamps $315.00
Recording Fees $59.00
Abstract Title Search $180.00
Settlement / Closing Fee $500.00
Tax Service Fee $87.00
TOTAL ESTIMATED CLOSING COSTS $3,116.00
Talk with your mortgage consultant to determine if you can finance your closing costs.
Prepaid items
You will provide the initial premium for your insurance policy. Prepaid interest covers the interest that accrues from closing date until the last day of the month end varies depending on your closing date.
Prepaid interest for 17 days $140.59
Mortgage Insurance $0.00
Hazard Insurance Premium $262.50
Escrow account funds
These funds establish an escrow account so that these bills may be paid as they come due.
Hazard Insurance Reserves $43.75
Real Estate Tax Reserves $375.00
DOWN PAYMENT $45,000.00
TOTAL CASH NEEDED AT CLOSING $48,937.84
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发表于 2011-9-14 21:02:12