CLOSING COSTS
By the close of escrow there are closing costs to be paid, these consist of:
Escrow and Title fees.
Prepaids - usually the lender requires interest, property taxes and insurance to be paid up front.
Lender fees - Usually the fees charged by the lender comprise the bulk of the closing costs. For this reason it is best to get an estimate of closing costs from your lender but be sure to confirm that he is giving you the total closing costs, not just his contribution.
Typically closing costs are in the range of $4000 to $9000 depending on your credit score and the type of loan you are getting.
Jim Forsyth. College Realty Inc. GMAC Real Estate. 14767 Bear Valley Road, Hesperia, CA, 92345