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Closing Cost

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How much should closing cost  for a 100k home purchase with 20% down come out to be?   
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June 24 - Ontario
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Profile picture for Pat Bourgo
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need more info.
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June 24
The range for title and lender fees and reserves is approximately $2,600 - $3,000 on your side .  That's pretty typical if you are not paying points for a buyer with a 720 or better FICO and includes impound account for taxes and insurance and appraisal cost.  If the seller contributes towards your closing costs you could pay a little or a lot less. Many factors can increase or decrease that amount.  Loan program and points paid could increase the cash at the closing table.  It is smart to obtain loan approval and a good faith estimate that breaks down the fees you will pay.  I recomend comparing fees and interest rate between lenders using the good faith esimate.
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June 24
Profile picture for Gregorio Denny
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Impossible to answer, it could be none to infinity. There is a balance between rate and fees and without knowing the variables the question cannot be answered. What is your rate? What is your credit score? What type of property is this?
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June 24
 

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