The Fitzburgh Realty Team - Glassell Park Real Estate - Northeast Los Angeles Realtor
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As a Buyer, what can I expect my closing costs to be?
A reasonable "rough" estimate of your closing costs is 3% of the purchase price but that does not include any points that you might decide to pay to lower the interest rate on your loan. Most of the closing costs are lender related. If you were to make an all-cash purchase, your closing costs would likely be less than 1%. The best way to understand your closing costs with more accuracy is to get a "good faith estimate" (GFE) from your lender and GFE you will be able to review all the anticipated costs. As far as POINTS are concerned, this is totally up to you as the borrower. You can obtain a loan without points or with points and it will be up to you to decide which loan option is most attractive to you. I recommend that you ask your lender to quote you the interest rate with zero points and to quote you the interest rate with discount points and then you can compare the cost (points) to obtain the lower interest rate and see which loan you prefer- more upfront with a lower monthly payment or less upfront with a slightly higher monthly payment.
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Brian Fitzburgh, Broker/Owner
Cell: (818) 571-9712
Office: (424) 625-0747

Hello@BrokersTrust.com
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2022 Zillow Premier 5 Star Agent in Los Angeles. Parrish Ave., Los Angeles, CA. CalDRE# 01875767. Copyright © 2022 Brokers Trust Real Estate Group. All Rights Reserved.
  • Home
  • About Us
    • Fitzburgh Realty Team >
      • Juan Loza Handyman
    • Brians Resume | Sellers
    • Brians Resume | Buyers
    • Home Tours
    • Testimonials
    • Upcoming Events
  • Search Homes
  • Explore NELA
    • Glassell Park
  • Homes Fur All
    • News
    • Super A Test
    • Bark & Meow Fan Club
    • Concerts in the Park
    • Eagle Rock Bark >
      • ERB Walk At The Bark
      • Eagle Rock Bark 2017
      • Eagle Rock Bark 2018
      • Eagle Rock Bark 2019
    • Glassell Bark >
      • GB Walk At The Bark
      • Glassell Bark 2017
      • Glassell Bark 2018
      • Glassell Bark 2019
    • Glassell Park Easter Egg Hunt
    • GLASSELL PARK TREE LIGHTING >
      • XMAS TREE LIGHTING 2017
      • XMAS TREE LIGHTING 2018
    • Growing Caring Sharing News
    • 4 Weeks 4 Life
    • Fostering Resources
    • Pet Food Drive
    • Pet Resource Guide
    • Pet Adoption Hall of Fame
    • Spread The Word
    • Super Party >
      • Super Party Photos
  • Resources
    • Brian' s Crystal Ball >
      • Brian' s Crystal Ball Appetizer
      • Brian' s Crystal Ball 1st Main
      • Brian' s Crystal Ball 2nd Main
      • Brian' s Crystal Ball Dessert
      • Furball Challenge
    • First Time Homebuyers >
      • Credit Score
      • Down Payment
    • Get Your Loan Pre-Approval
    • Request a Free Market Analysis
    • Mortgage Calculator & Rates
    • How Much House Can I Afford
    • Real Estate Market Trends
    • Neighborhood Search Tools
    • MLS Activity Alert
    • Client Documents & Calendar
    • FAQ
  • Brian's Blog
  • Contact us
    • Coverage Area