Closing costs ante enti vayya?

[jefferson1]

Home owners explain cheyandi

[Peddayana]

At a high level,

12-15 months of Property taxes

12-15 months of Home Owners Insurance

Taxes/Transfer fees

Origination charges (If any)

Various fees like Appraisal Fee ,  Credit Report Fee , Flood Certification Fee , Tax Service fee

Title fees such as Title search , doc prep , Lenders and Owners title insurance , escrow service etc

 

[jefferson1]

2 minutes ago, Peddayana said:

At a high level,

12-15 months of Property taxes

12-15 months of Home Owners Insurance

Taxes/Transfer fees

Origination charges (If any)

Various fees like Appraisal Fee ,  Credit Report Fee , Flood Certification Fee , Tax Service fee

Title fees such as Title search , doc prep , Lenders and Owners title insurance , escrow service etc

 

400K house ki closing cost entha untundochu

[cloud]

2 minutes ago, jefferson1 said:

400K house ki closing cost entha untundochu

Depends on state . The money in escrow would be your money which you deposit to pay property taxes etc .. 

 

third party costs oka 4 to 5k avthadi which is geneally covered by lender based on deal 

[Peddayana]

Just now, jefferson1 said:

400K house ki closing cost entha untundochu

Some lenders are offering zero closing costs man , I don't know how they do it , may be by charging more interest etc , others can throw light

but , approx oka 2-5% untayi closing costs if you are going with an established lender or big bank 

This is in addition to downpayment

If your downpayment is < 20% then you need Mortgage Insurance too , that will be some additional 100-200$ per month , but it will not be included in closing costs mostly and will be more in monthly payment

[chingchang]

6 minutes ago, Peddayana said:

At a high level,

12-15 months of Property taxes

12-15 months of Home Owners Insurance

Taxes/Transfer fees

Origination charges (If any)

Various fees like Appraisal Fee ,  Credit Report Fee , Flood Certification Fee , Tax Service fee

Title fees such as Title search , doc prep , Lenders and Owners title insurance , escrow service etc

 

12-15 mnths enduku peddayana .. 2-3 months chalu 

[jefferson1]

Just now, cloud said:

Depends on state . The money in escrow would be your money which you deposit to pay property taxes etc .. 

 

third party costs oka 4 to 5k avthadi which is geneally covered by lender based on deal 

identi bro.......?

 

usually nenu vinnadi enti ante

 

4-5K bank fee untundi application process/title fee etc dentlo builder/buyer 50-50% untundi ani vinna

[Peddayana]

Just now, chingchang said:

12-15 mnths enduku peddayana .. 2-3 months chalu 

go with big banks , appudu choodu

[jefferson1]

1 minute ago, Peddayana said:

Some lenders are offering zero closing costs man , I don't know how they do it , may be by charging more interest etc , others can throw light

but , approx oka 2-5% untayi closing costs if you are going with an established lender or big bank 

This is in addition to downpayment

If your downpayment is < 20% then you need Mortgage Insurance too , that will be some additional 100-200$ per month , but it will not be included in closing costs mostly and will be more in monthly payment

this 2-5% evariki pothundi, bank or lender?

 

my friend gadu 20% downpayment chestham ani chustunnadu

 

[Peddayana]

1 minute ago, jefferson1 said:

this 2-5% evariki pothundi, bank or lender?

 

my friend gadu 20% downpayment chestham ani chustunnadu

 

Escrow amounts(Property taxes and Insurance amounts which are prepaid) and some fees goes to your bank , 

The title fees I mentioned are mostly handled by law firms (depending on what state you are in) , they charge for those , could be between 1.5-3k for 400k home if you take both Lenders and Owners title insurance..

20% down is good

[jefferson1]

20 minutes ago, Peddayana said:

Escrow amounts(Property taxes and Insurance amounts which are prepaid) and some fees goes to your bank , 

The title fees I mentioned are mostly handled by law firms (depending on what state you are in) , they charge for those , could be between 1.5-3k for 400k home if you take both Lenders and Owners title insurance..

20% down is good

property tax ante one time payment a for a new home? --- this they will collect one year ahead

+ quarterly tax to state untundi kada

[soodhilodaaram]

33 minutes ago, jefferson1 said:

400K house ki closing cost entha untundochu

depends on what time you buy

if you are buying now, we got 4 more months in 2020, 4*900$ = 3600$ goes towards escrowe

nee closing costs cashback deal lo cover avvale, neekevadu realtor cashback iche vaadu dorakaleda??

DFW lo 3% vastadi for sure