Home Buying Tips

As a Buyer, what are my typical costs to close?

If paying cash, just the title service fee which ranges from $150-$500. If a mortgage is involved, the borrowers' settlement charges are near 6-10% of the loan amount. (see FHA Loan Limits)

On a recent FHA $72,000 transaction where the loan amount was 71,500 (30 yr/5.5%/$405.97 PI) the following costs to the borrower were noted:

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