Tools

Ask a Question
Start a Discussion
Close
Create an Email Alert

Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.

This alert is for the following:

Topic:
Why are all the quoted closing cost so "under" ...

How often would you like the alert emailed?

Frequency:

Immediately Daily Weekly
Maximum 20 emails/day

Save

Cancel E-mail alerts
RSS
Send to del.icio.us
Send to StumbleUpon
Print page

Partner Tools

Views: 167
US
New Jersey
Nearby States
- Alabama
- Alaska
- American Samoa
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Guam
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Northern Mariana Islands
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virgin Islands
- Virginia
- Washington
- Washington D.C.
- West Virginia
- Wisconsin
- Wyoming
Don't see it?

Find:
Brick
Nearby Cities
Don't see it?

Find:
ZIP Code
Nearby ZIP Codes
- 08723
- 08724
- 08739
Don't see it?

Find:

Why are all the quoted closing cost so "under" inflated?

Contributions: 6

Q&A

:6

Everywhere I have searched the closing cost estimates are about 5k less than what I am finding the actual costs to be. This includes attorney fees, insurances and inspections. This just seems to be unfair to people new to this game and trying to decide if they have enough saved to go forth a buy.

Flag content

January 09 - Brick

RSS

Answers (1)

Walter Burns, "hobokencondos"
Contributions: 24

Walter Burns, "hobokencondos"

Real Estate Agent

Contributions: 24

Q&A

:8
Disc

:4
Photos

:12

View full profile

This is a common question I receive from most of my buyers. The first person I would ask is your local Realtor. He or she should have a grasp on the closing costs for your marketplace. Attorney's fee vary depending on the area and so do home inspection costs.
I find that mortgage lenders give a pretty close estimate of the closing costs. Also, if you select an attorney to work with before you go into contract, they will be able to give you a good idea of the title search and title insurance expenses. Many times it is the attorney who orders the title search andÂ insuranceÂ from a title company.Â

If the closing costs are too much out of your budget, you can also speak with your lender about financing a portion of them through a seller's concession at closing. Depending on how long you intend to live in the property, it may be more beneficial to you to finance an extra $4,000 to $5,000 versus paying for it out of pocket.

I hope this helps. Please let me know if you have any additional questions.

All the best in your home search,

Walter J. Burns Realtor-Associate Weichert Realtors 1 Newark St. Hoboken, NJ 07030

[content removed by moderator for being self promotional]

Flag content

January 09

Have a question? Ask it here.

Most Active Brick Real Estate Agents

Toula N. Rosebrock

68 listings

Local Expert
Jamie Paradise

24 listings

Local Expert
The Ocean's Six

44 listings

Local Expert
Michael Milano

33 listings

Local Expert
Lisa Lombardi-Bergstrom

24 listings

Local Expert

See more Brick real estate agents

Question Short Sale Advice..... how much to gamble

Latest answer by Beverly & Robert Meaux
February 10

In Buying Process
7 Answers - 605 Views

Question Why are all the quoted closing cost so "under" inflated?

Latest answer by Walter Burns
January 09

In Buying Process
1 Answer - 167 Views

See More

Guide Real Estate Buyer's Closing Costs

In Buying Process
Edited August 27

Guide List of Closing Costs and Fees

In Buying Process
Edited August 27

Guide You've Opened Escrow

In Buying Process
Edited July 21

Guide Home Buying One Step at a Time

In Buying Process
Edited May 04

Guide A Buyer's Guide to Making the Right Choice

In Buying Process
Edited December 05 2008

See more articles about Buying Process

Current Mortgage Rates

Current Last Week

30 Year Fixed

15 Year Fixed

5/1 ARM

Get this widget

<div style="width:298px;height:123px;border:1px solid #adcfff;overflow:hidden;text-align:center;font-family:verdana,arial,sans-serif;font-size:8pt;line-height:13x;background-color:#eff3ff;letter-spacing:0;text-transform:none;">
		<div style="margin: 0 6px;">
			<div style="margin-top:6px;">
				<a href="http://www.zillow.com/Mortgage_Rates/#{scid=mor-wid-lthd}" target="_blank" style="font-size:9pt;color:#36b;text-decoration:none;font-weight:bold;">
				   
						Current
				   
				         
				   Mortgage Rates</a>
			</div>   
			
			<div style="color:#555;margin:5px 0 1px;">
				<span style="padding-left:137px;">Current</span>
				<span style="padding-left:23px;">Last Week</span>
			</div>

<div style="background:#fff;height:60px;width:284px;border:1px solid #adcfff;text-align:left;">
				<div style="width:146px;float:left;">
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt1}" target="_blank" style="text-decoration:underline;color:#36b;">30 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#eff7ff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt2}" target="_blank" style="text-decoration:underline;color:#36b;">15 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/#{scid=mor-wid-ltt3}" target="_blank" style="text-decoration:underline;color:#36b;">5/1 ARM</a></div>
					</div>
				</div>
					
				<iframe title="Current Mortgage Rates" frameborder="0" height="60" scrolling="no" width="138" src="/mortgage/MortgageRateTableWidget.htm?wide=1&region=102001">
						Your browser doesn't support frames.  Visit 
					<a href="http://www.zillow.com/mortgage/" target="_blank" style="text-decoration:none; font-size:9pt; font-weight:bold;">Zillow Mortgage Marketplace</a> 
					to see this content.
				</iframe>
				<div style="clear:both;"></div>
			</div>
			
			<div style="margin:4px 6px 0;height:15px;width:276px;">
				<a href="http://www.zillow.com/mortgage/#{scid=mor-wid-ltgr}" target="_blank" title="Zillow Mortgage Marketplace" style="display:block;margin-left:4px;height:15px;width:145px;float:left;"><img src="/static/images/zillow-mortgage-logo-small.gif" alt="Mortgages, Home Loans, and Mortgage Quotes at Zillow Mortgage Marketplace" style="border:none;"/></a>
				   
				<a href="http://www.zillow.com/webtools/widgets/MortgageRateWidget.htm#{scid=mor-wid-ltget}" target="_blank" style="font-size:7pt;color:gray;text-decoration:none;float:right;margin:1px 5px 0 0;width:80px;">Get this widget</a>
			</div>
		</div>
	</div>

Need a Mortgage?

Zillow Mortgage Marketplace

Competitive rates
Accurate, custom quotes
Thousands of lenders

... and, it's free and anonymous

Learn about Zillow Mortgage Marketplace

Zillow Poll:

Suggested by Carl Henker

How long have you been in the mortgage business?

less than 2 years

less than 5 years

less than 10 years

more than 10 years

Next poll
Suggest a poll

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

All Results (6)

Zillow FAQs (0)

Home Buying (1)

Home Selling (0)

Mortgage (0)

Housing Market (0)

Local Topics (0)

Home Ownership (1)

Home Improvement (0)

Home Q&A (4)

Pro-to-Pro (0)

Other (0)

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Why are all the quoted closing cost so "under" inflated?

Contributions: 6

Real Estate Agent

Contributions: 24

Have a question? Ask it here.

Most Active Brick Real Estate Agents

Related Questions

Question Short Sale Advice..... how much to gamble

Question Why are all the quoted closing cost so "under" inflated?

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Nearby States

Nearby Cities

Nearby ZIP Codes

Why are all the quoted closing cost so "under" inflated?

Contributions: 6

Main Image

Answers (1)

Real Estate Agent

Contributions: 24

Have a question? Ask it here.

Most Active Brick Real Estate Agents

Related Questions

Question Short Sale Advice..... how much to gamble

Question Why are all the quoted closing cost so "under" inflated?

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor