Profile picture for samkcollege

Estimated closing cost for 145000 dollar home in longview tx

Can anyone give me a rough estimate of closing cost in longview tx. I know texas is one of the highest in closing and insurance cost and I cannot get a straight answer. Any good estimate will be appreciated.
Oh and 20 percent down if that makes any difference.
  • December 15 2013 - Longview
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Answers (5)

On average 4%.  There are a lot of factors to consider.  Your taxes and insurance escrows will have the largest impact.  If you get high deductible cheap insurance your closing costs will be lower.  Your lender can also change their origination fee and raise or lower your interest rate with "points".  If the seller is paying for the Title policy and they have a survey that will lower it some also.
  • February 27
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Profile picture for nancychapmon
Closing costs usually run about 4500 for a buyer, but that can be lowered if there is an existing survey.  Keep in mind we often structure 'deals
 where we ask the seller to pay all or a portion of the closing costs to help the buyer keep more money in their pocket.  You will still have your down payment to bring to closing either way, which is in addition to the closing costs.

Nancy Chapmon, Realtor
Fathom Realty
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  • February 06
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There are two(2) sets of CLOSING COSTS, Title Company fees and LENDER fees.

 The Title Companies tend to be very similar across the board, the State of Texas sets the Title Insurance Premium amount so, only the Escrow Fees and Legal Fees tend to be different from one to the next.

 The Lender Fees can vary widely as this is where they tend to make up for low or no Origination Fee; the Lender 'Commission' for originating the Loan typically 1%. Lender Fees include Underwriting, Legal, Mortgage Insurance [if less than 20% down payment], Lenders Title Premium, and others.

You may access the RepublicTitle GFE calculator here to get an idea of the fees involved: http://republictitle.com/user/gfe.htm
  • September 28 2014
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Profile picture for gator70
I know you can argue and negotiate some numbers in the HUD 1. The good faith estimate will be a guideline, but not the rule. I spent $1900 on a 165K home. This number is low.
  • December 16 2013
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  • December 15 2013
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