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Carl Said:

The data below shows closing costs for a purchase of a $364,000 house requiring a 20% down payment:?

We Answered:

The loan fee is 3,640 (1 point is 1 percent of the loan amount). Total closing cost would be the sum of these numbers.

Oops - forgot the down payment. So d/p is 72,800, which makes the loan amount 291,200. So, loan fee is 2,912.

Total closing costs are the down payment, loan fee, and the other fees above or 77,143.

Yvonne Said:

Closing Costs For a Mortgage?

We Answered:

So, your asking a silly question and whats worse is you were the only one who actually answered it.

Max Said:

mortgage closing costs ?

We Answered:

ARG! I can't believe a real estate agent hasn't answered or the one's that are have not pointed out that a veteran is prohibited from paying the escrow fee. The seller must pay the entire escrow fee (seller & buyer's portion) on all VA loans. Settlement or closing fee is an escrow fee. One & the same.

Remind your lender that a veteran is prohibited from paying an escrow or settlement fee. You are also prohibited from paying for a pest inspection if your lender requires one.

You haven't stated what they remaining $404 in closing costs are... The total of your closing costs should now drop by this $600 for a settlement fee. Recording fees are charged at the county recording office. It is often $X for the first page & $Y for each additional page. $110 is not out of the norm.

http://www.vainfo.net/va-closing-costs_2…