3 responses to “what is a good closing cost for a house value 190k, putting 15% down ?”

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  crazyworld February 17th, 2011 at 04:36

  Scott

  Points are what mortgage Company charges to generate your loan.If you are a first time home buyer some states you do not require you to split the transfer taxes so that should save you money also the settlement company can charge up to 500.00 but you could ask your agent if they have a coupon I do this with my clients and it is 250.00 off , you are probably looking at about 2000 minus what you put down for a deposit. Did your agent ask the seller to pay your closing cost ?

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  pearlmar February 18th, 2011 at 19:35

  Andrew

  Closing costs are about 3.3 percent of the loan amount. In your case that comes to a little over $5,000. That does not include points. Each point is usually 1 percent of the loan amount.

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  godged February 19th, 2011 at 05:51

  Leslie

  Where is your loan officer in this? If you do not understand what points are or what your mortgage closing costs are going to be, your loan officer stinks and needs to find new employment. For heavens sake, call your loan officer on Monday and have this explained to you until you understand.

  If you do not understand this, what else do you not understand? Have you asked about pre-payment penalty? The buyer is getting the loan, so they are responsible for the closing costs, but in some loans, the seller can help with these, and in many cases, will do this to sell the home. Can the seller contribute to your closing costs?

  You need to be making this decision, and an informed one.