House Hacking FHA + closing cost

[Anthony DelVecchio]

Let's say I purchase. house hack with an FHA loan, would the closing cost still be roughly 4% of the whole property? Would I be responsible for covering the whole closing cost? How do closing costs work? Any advice would be greatly appreciated, thank you!

[Christian Ehlers]

Hey Anthony, your lender should be able to give you an estimated breakdown of closing costs in general and also for any specific property you are looking into buying. I don't love using percentages because it varies market to market depending on price points, property taxes, and other factors. 

You can also use closing cost calculators online from many local title companies.