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How much ?

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southsidefab
Valued Member

How much ?

Can anybody give me an estimate of how much money i would need to bring to the table at closing of a 200,000 house in arizona, thanks in advance

Message 1 of 3
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BrianB_The_Loan_Professor
Valued Contributor

Re: How much ?

The down payment will be dependent of the loan type

FHA 3.5% minimum

closing costs will be about the same regardless and can be negotiated to be paid by seller on all loan types

I would estimate $5,000 - $6,000 or 2.5%-3% for everything - prepaid items and non recurring costs

 

Brian

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Brian B The Loan Professor
Mortgage Banker - offering FHA, VA, USDA , and Conventional mortgages in all 50 states -

If I do not respond to a follow up question please feel free to contact me directly
Message 2 of 3
southsidefab
Valued Member

Re: How much ?

Thank you Brian

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