Asked by ttony26  |  Submitted May 12, 2016

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?

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  Answers  |  1

May 16, 2016

The only way to get that answer is to ask a local lender. We show you all costs including title insurance, escrow fees, attorney fees, appraisal, processing etc. These fees are specific to your area and not just the loan amount and sales price.

Most good lenders can close in under 30 days if they are on their game.

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