Updated over 7 years ago on . Most recent reply
Using BiggerPockers Rental Calculator
I would appreciate your advice about the correct numbers to use when estimating closing costs while running the numbers for our next purchase.
This is an example of the closing costs for a rental that we purchased for $105,000.
Loan Charges: Origination & prepaid interest: $1,000
Title Charges & Escrow/Settelment: $1,600
Impound Charges: Tax & Insurance: $1,500
Total: $4,100
Which of the charges should be entered into the closing cost field? Is there anything else I should consider?
I’d appreciate your input.