- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Posted on 6/14/20 at 12:02 pm to catfish 62
Quick question about closing costs. Is there a round about percentage of purchase price that one should expect to pay. Is the closing costs more for more expensive homes? I would assume prepaids are higher but actual closing fees should be the same, right?
Posted on 6/14/20 at 1:06 pm to Janky
quote:
Is the closing costs more for more expensive homes?
Can be. Gonna vary by state.
State Transfer fees and title insurance can be based on purchase price.
Other fees like underwriting, appraisal, etc. Should be the same.
Posted on 6/14/20 at 3:08 pm to Lickitty Split
Anyone know anything about jumbos coming back. I really need to refinance
Posted on 6/14/20 at 7:02 pm to Janky
quote:
Are the fees ok?
quote:
Closing costs- $6,425
It depends how many points you bought?
For me to get from 3% to 2.875% it was an additional 7 years to paypack the difference in closing cost. Likely won't be in the house that long.
Posted on 6/18/20 at 4:32 pm to barry
Got a quote today, 2.375% on a 10 or 15 year, $3700 in fees. Should I lock that? I'm getting another couple of quotes tomorrow.
Edit: 2nd lender called me back just now, has 2.25% on a 15. $2800 in fees.
Edit: 2nd lender called me back just now, has 2.25% on a 15. $2800 in fees.
This post was edited on 6/18/20 at 5:51 pm
Posted on 6/18/20 at 11:12 pm to kywildcatfanone
quote:
Edit: 2nd lender called me back just now, has 2.25% on a 15. $2800 in fees.
What lender if you don't mind me asking?
Posted on 6/19/20 at 5:46 am to BigOrangeBri
People's Exchange Bank in Kentucky
Posted on 6/23/20 at 11:02 am to kywildcatfanone
This is what I was quoted this morning. Is this any good? I have a credit score around 810. I was curious about having to pay for points. Thanks.
![](https://i.imgur.com/5bWtKrw.jpg)
![](https://i.imgur.com/5bWtKrw.jpg)
Posted on 6/23/20 at 4:27 pm to Janky
Your deal looks great
570 cost to get a 2.875 is a great deal
All is well. Enjoy the new home
570 cost to get a 2.875 is a great deal
All is well. Enjoy the new home
Posted on 6/25/20 at 6:33 am to Janky
Janky- who is that with?
Currently shopping a jumbo loan. Anyone got any referrals or tips?
Currently shopping a jumbo loan. Anyone got any referrals or tips?
This post was edited on 6/25/20 at 6:35 am
Posted on 6/25/20 at 6:37 am to elsu
quote:
Janky- who is that with?
Shoot me an email.
This post was edited on 6/25/20 at 9:37 am
Posted on 6/25/20 at 6:54 pm to elsu
quote:
Currently shopping a jumbo loan. Anyone got any referrals or tips?
Just locked a 2.8% 30 fixed for a jumbo with morgan stanley
Posted on 6/25/20 at 9:24 pm to MSTiger33
Whoa this is what I’m looking for. What were the closing costs?
Posted on 6/25/20 at 9:46 pm to AndyJ
APR is the metric that matters...
Posted on 6/25/20 at 11:45 pm to lynxcat
Right. It’s just I can’t even find a jumbo almost anywhere and then he comes up with this amazing rate for a 30 year.
Posted on 6/25/20 at 11:51 pm to AndyJ
quote:
APR is the metric that matters...
No it's not
They are getting those rates cause they most likely have large asset accounts with them
They can give all sorts of crazy loans and rates if that's the case
Posted on 6/26/20 at 5:23 am to AndyJ
quote:
Whoa this is what I’m looking for. What were the closing costs?
Around $7,400 without the owner's title insurance policy. My attorney says he can lower some of those expenses through the title company. I am asking about the cost on the owner's title insurance because it seems excessive.
ETA: I was told the cost of the owner's title insurance is by statute in my state so that blows.
This post was edited on 6/26/20 at 6:46 am
Posted on 6/26/20 at 6:37 am to MSTiger33
I did lock my rate yesterday, 2.25% on 15 year, up to $250K, $2900 in closing costs. I'm pretty pleased overall.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)