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How much will I need at closing?

The bank has allowed to give me 3% in closing costs. $5700.. I have put down $2750 in good faith deposit...

Purchase Amount $190,000 my credit Score is 727.... Putting down...

Loan Amount $171,000

1) Closing Costs:
Loan Discount Fee 1.0% $1,710
Credit Report: $13.39
Flood Coverage: $5.00
Flood Determination: $10.50
Underwriting Fee: $495.00
Processing Fee: $575.00
TSI Appraisal Service: $80.00
Settlement or Closing: $475.00
Title Insurance: $512.50
Add'l Endorsement: $54.00
Tax Certification: $18.00
Recording Mortage: $66.00

Total: $4,014.39

2) Prepaid Items/Escrows $1,156.98
3) Purchase Prorations: $1,492.73
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June 16 - Roseburg

Replies (1)

Congrats on your purchase -
Based onthe numbers you have given it looks like you are prepared to put 10% down on your purchase of 190K and loan amount of 171K.

With the bank 3% credit for closing and/or prepaids and if the listed charges do not change you will need to come to closing with $10,550 in a cashiers check.  Your escrow agent will give you the amount down to the penny prior to close.

Good Luck!
Roberta Nopson
503-495-5231
Accredited Buyer Representative
www.RobertaNopson.com
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June 17
 

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