Recently bought a house and closing costs were about $2000. I purchased the house with all cash. Financing was an option but since interest rates started creeping up I decided to drop my lender and do a all cash offer. Before I dropped the lender she had told me that closing costs were going to be around $10,000. I was very surprised to see that my closing costs were only about $2000?
So what drives the closing costs? The only thing I can think of is the lender wanting to charge a $6-7k fee for closing which seems crazy to me. The difference between paying $2000 rather than $10,000 is crazy.
submitted by /u/hecmtz96
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Recently bought a house and closing costs were about $2000. I purchased the house with all cash. Financing was an option but since interest rates started creeping up I decided to drop my lender and do a all cash offer. Before I dropped the lender she had told me that closing costs were going to be around $10,000. I was very surprised to see that my closing costs were only about $2000? So what drives the closing costs? The only thing I can think of is the lender wanting to charge a $6-7k fee for closing which seems crazy to me. The difference between paying $2000 rather than $10,000 is crazy. submitted by /u/hecmtz96 [link] [comments]
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