Closing costs

[Cody W.]

How much should I plan on spending on   purchase closing costs (in Florida)? I've heard 3%, 6% and the calculator on this site just says 2000-3000.  Can anyone give me a solid answer? 

[Jon Holdman]

Yes.  A title company in the area can give you a pretty accurate breakdown of the costs for a particular deal.  Shop around, their charges can vary.

I use 2% of the purchase prices as a rule of thumb.  That doesn't include any loan related costs (appraisal, origination fees, underwriting fees, pre-paids).  That's usually on the high side.