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Question by Holly S: How do I figure out how much the closing cost?
of a 172, page 000 home loan will be? What information do they go by to figure this out?
Best answer:
Answer by DeeDee
your lender will give you a sheet called “estimated closing costs” before you even get approved for the loan, advice so that you can see what kind of costs you are looking at. The lender will have a loan fee, appraiser fee, title fee, etc.
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I don’t know, but check on http://www.bankrate.com – they have all kinds of tools and calculators for this sort of thing.
It depends on a lot of things. what state and county is it in? refinance or purchase? cash out? primary, 2nd home, or investment? Talk with your loan officer who is local to the area and can give you an educated, accurate answer.