Mortgage Fee Estimation
Hello All:
This is my first post on BP, so bear with me.
I am putting together a cost benefit analysis for single family rental properties. I would like to estimate financing costs from the mortgage (fees, title seach, etc) but I do no have a lot of practical experience here.
For those that do, is it reasonable to estimate financing costs as a percentage of the loan amount? If so, what percentage?
Thanks.
Austin