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closing cost
Most of clients always ask how much of the closing cost. WHat is the average closing cost?
Closing costs vary from county to county and state to state. Closing costs are third party charges that include state's transfer stamps, title charges, one year homeowners insurance, prepaid like upfront escrows for homeowners insurance and property taxes, attorneys fees, points to buy down the rate, and any other fees and costs associated with the origination of the mortgage loan and costs associated with the purchase of the home. Average closing costs are 2% to 4% of the home purchase price. If the homeowner requires flood insurance, flood insurance is another closing costs and needs to be paid upfront for the one year flood insurance premium plus two months of escrows. Here is an article on how much closing costs are.



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