Zillow Advice RSS: Question-Discussion-Guide,Buying a Foreclosure,Lincoln Park- MI http://www.zillow.com/advice/Lincoln-Park-MI/home-buying-buying-a-foreclosure/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate What would be our closing costs? http://www.zillow.com/advice-thread/What-would-be-our-closing-costs/528847/ My husband and I have found a foreclosed home that we will be buying at $32,500, with the bank adding 3% toward our closing costs. We are doing a streamline 203k loan with repairs of about $17,500. We wanted our total loan to be $50,000. Our lender is saying that we would need to pay around $8,000 in closing costs. I don't understand why it would be so much. We don't need a consultant or permits. We also don't want to finance any mortgage payments. Please help me understand how that could equal $8,000!!!!!<br/><br/>Also its $1,927 in taxes and $1,000 for insurance. They said that would be included in the closing costs.<br \><br \>4 replies Tue, 18 Feb 2014 02:32:00 GMT http://www.zillow.com/advice-thread/What-would-be-our-closing-costs/528847/ 2014-02-18T02:32:00Z