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Some Buyer’s Estimated Costs
You will have a number of costs beyond the price of the home that you’ll have to cover. Here’s a list of the more common ones.
Price:
Buyers Closing Costs:
1.Interest Rate
2.Principal & Interest (P & I)
3.Annual Real Estate Taxes (Estimated)
4.Monthly Real Estate Taxes
5.Annual Insurance Premium
6.Monthly Premium
7.Other
8.Monthly Cash Outlay (Estimated)
9.Mortgages
10.Prepaid Interest
11.Taxes and Insurance
12.Private Mortgage Insurance PMII
13.(Conventional Loan)
14.Mortgage Premium Insurance MIP
15.(FHA Loan)
Title Insurance
1.Loan Origination Cost
2.Loan Discount Fee
3.Document Preparation Fee
4.Underwriting Fee
5.TRETS Fees
6.Attorney's Fee
7.Home Warranty Cost
8.Doc Stamps on the Note
9.Intangible Tax on Mortgage
10.Recording Fee for New and/or
11.Second Mortgage
Miscellaneous:
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