Posted on: 08th Oct, 2010 05:07 pm
what are typical closing costs charges on a 80 thousand refinance ?
i am refinancing a fannie mae loan into a fha loan in iowa and
i was just informed that the bank is going to charge me about 7 percent on closing fees on an 80 thousand loan that sounds quite high to me am i off base ?
any ideas on what the normal range is on closing costs for a loan that size is in iowa.
i dont mind paying someone a fare price but i dont want pounded or no pun intented taken to the bank !!!
please help if you can thanks dave from des moines.
i am refinancing a fannie mae loan into a fha loan in iowa and
i was just informed that the bank is going to charge me about 7 percent on closing fees on an 80 thousand loan that sounds quite high to me am i off base ?
any ideas on what the normal range is on closing costs for a loan that size is in iowa.
i dont mind paying someone a fare price but i dont want pounded or no pun intented taken to the bank !!!
please help if you can thanks dave from des moines.
Welcome davidjohnson,
Closing costs may vary from state to state. Some state have higher closing costs while others have a low closing costs. You should contact your lender and ask him to give you a breakup of the closing costs so that you can check out what type of rates you're being charged.
Closing costs may vary from state to state. Some state have higher closing costs while others have a low closing costs. You should contact your lender and ask him to give you a breakup of the closing costs so that you can check out what type of rates you're being charged.
I would like to say that closing costs will be fairly consistent regardless as to which state you live in. You can find a list of closing costs on this forum. Remember that with FHA you will also have a mortgage insurance premium which will be at least 1% of your loan amount.
