Homebuyer Closing Cost Estimator for Georgia
I’ve been reviewing my 2009 posts and the Georgia Home Closing Cost Estimator was one of the most popular. Therefore, I’ve updated the spreadsheet and reposted it below. When using the spreadsheet, feel free to make any changes, although the green numbers are the ones you’ll most likely change. If you make a mistake, just hit “refresh” on your browser and the spreadsheet will reset. The estimated costs in the spreadsheet can vary widely. I also tried to include the most common line items. If you’re lucky, and negotiate well, your mortgage broker may not...
Read MoreShould you ask for closing costs?
I’m asked by a lot of buyers about closing costs and whether it’s something to ask for in the offer. First, closing costs should not be treated as a magic rebate coupon that gives you an instant discount on the purchase price of the home. If you request closing costs then you’ll pay for them in the purchase price of the home. Sometimes you have an “expert” friend that reminds you to “make sure you get the closing costs covered.” That friend will also take great joy in telling you, after your binding agreement date, how you missed out on the magic...
Read MoreGeorgia Home Buyer’s Closing Cost Calculator
Here is a very rudimentary spreadsheet I developed for calculating the buyer’s closing costs. I cannot stress enough that you need to speak with a mortgage professional for a more accurate estimate of closing costs. When using the spreadsheet, feel free to make any changes, although the green numbers are the ones you’ll most likely change. If you make a mistake, just hit “refresh” on your browser and the spreadsheet will reset. Again, the costs in the spreadsheet can vary widely. The 1% loan origination fee is a general estimate. Your mortgage company might have...
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