Closing Corp Conducted Survey - Click Here

  • 17% of Buyers did not know that there was such a thing as closing costs

  • 35% thought closing costs would be much lower

 

What is the average rule of thumb for closing costs?

According to Freddie Mac,

“Closing costs are typically between 2 and 5% of your purchase price.”

  

Bankrate.com  compiled the average closing cost per state based on a $200,000 purchase with 20% down. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Example of Actual Closing Costs / Pre-Application Worksheet Overview

 

 

 

 

Bottom Line

Contact professional early! This will help you to determine your specific situation and help you understand the amount of money you may or may not need in order to purchase a home.  Let's keep the surprises to a minimum right before closing. If you know of someone who is considering a home purchase, have them contact me so they will know exactly what it will take.