Financing Closing Costs Calculator
Along with a down payment, you'll also have to pay closing costs. These are costs are miscellaneous fees charged by those involved with the home sale. These fees could be charged by the lender processing the loan, the title company handling the paperwork, a land surveyor, local government offices for recording the deed, etc. The average closing costs percentage is usually about 2-5% of the purchase price (but 1-8% is not uncommon either). Use this calculator to estimate your total closing costs based on typical closing costs in the Kerrville area.
processing:The preparation of a mortgage loan application and supporting documentation for consideration by a lender or insurer.
closing:The final, legal act of a transaction, where contracts are agreed upon and finalized, and monies are exchanged.