Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

46
Posts
14
Votes
Bo S.
  • Seattle, WA
14
Votes |
46
Posts

Buying Condo in Seattle - First Home questions

Bo S.
  • Seattle, WA
Posted

Yay! My offer was accepted on a condo in Seattle. Now comes the not so fun part of dealing with the loan, closing costs, and being in debt for most of my adult life. I'm doing 5% down conventional loan ($310k sales price) and so far my lender is telling me a 4.125 rate for both 30yr and 20yr fixed. We're doing a quick 3 week close and things are moving fast. Looking at all the fees and costs, I'm concerned if I should have shopped around for a lender. My total closing costs is ~9k and below is some of the breakdown. Please let me know your thoughts. Thanks in advance!

Section A.

Origination Charges $1,095.00

Section B. Services You Cannot Shop For

01 Appraisal Fee $750.00
02 Condo Questionnaire Fee $285.00
03 Credit Report Fee $14.00
04 Flood Certification $8.00
05 Tax Service Fee $92.00

Section C. Services You Can Shop For
01 Pre-Purchase Counseling Fee $75.00
02 Title - Closing/Settlement/Attorney Fee $814.74
03 Title - Courier fee $50.00
04 Title - Lender Title Insurance $1,959.78
05 Title - Mobile Notary Fee $125.00

Section E. Taxes and Other Government Fees
01 Recording Fees and Other Taxes $198.00

Section F. Prepaids 
01 Homeowner’s Insurance Premium (12 months) $240.00
02 Mortgage Insurance Premium ( months)
03 Prepaid Interest ($33.74 per day for 23 days @ 4.125%) $776.02

Loading replies...