Estimating closing costs
1 Reply
Robert Williams
posted 5 days ago
Trying to figure out estimating closing cost and we have heard that you should estimate 1.5% of the sale price of the home.
When estimating closing costs at 1.5% does that include the taxes and home insurance for an impound account?
Antonio Cucciniello
Investor from Manhattan, NY
replied 5 days ago
@Robert Williams Closing costs depends on a few things, like location, are you closing with cash, etc.
I always budget 5% cause usually that is the most it ends up being!