Closing Costs (50k vs 200k Properties)

[Benjamin Wiles]

Hi All, 

I've seen where some estimate closing costs as 3% of purchase price. I bought a $200k house and it was in this ballpark. 

I was looking at a $50k foreclosure, and wondering if this rule of thumb applies to homes in this price range. 

EG, I have no idea if my state/local document stamps are variable or fixed (FL).

Thanks. 

Ben