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what is the aveage amount of closing cost on an fha loan of 195000, i know there are many items but i just asking average total

smithsussane · Posted: Sun Mar 07, 2010 9:00 pm Post subject:

Hi dean!

Welcome to forums!

You will have to speak to your lender in order to know the required closing costs that you will have to pay while you take the loan. He will be the right person to give you an estimate about this.

Feel free to ask if you've further queries.

Sussane

tfaulhaber1 · Posted: Tue Mar 09, 2010 6:00 am Post subject:

The only fees that differ from lender to lender are bank fees (Origination, Discount, Processing,Underwriting,Doc Prep, Adminstration,Application,etc).
All other costs (Title and Prepaids) should be pretty accurate. I don't believe anyone can provide you with an average? Tell us a little more about your scenario (how much are you putting down, credit score, type of home, etc) and someone will let you know if they feel it's excessive.

jburke · Posted: Wed Mar 10, 2010 8:15 am Post subject:

Hi Dean,

You should count on the closing costs running 3-6% of the sales price on average for an FHA loan.
The variance will allow for certain charges that are state/county specific, like transfer taxes.

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