How can I calculate the total escrows, monthly payments, closing costs, and other costs on a mortgage?
I am ballparking the anticipated sale price here:
1.) 290K Sales price with 7,500/year property taxes at 10% down, 15% down, 20% down?
2.) What are the original charges and all other up front charges (including the appraisal) for a $240k loan?
3.) How many days will it take to close after they receive a sales contract?
Answers | 1
Most good lenders can close in under 30 days if they are on their game.