What would be the closing cost on a 500K house in York Pensylvania?

We are moving to York PA in July and are looking in buying a house. We are looking for a good lender and would like to have a better understanding on closing costs in PA. thanks

By | 2013-08-26T13:19:13+00:00 August 26th, 2013|Mortgages Home Loans Interest Rate|2 Comments

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  1. Jfreeman August 26, 2013 at 2:24 PM - Reply

    Average closing cost is about 3% of the purchase price.

  2. Jeanie August 26, 2013 at 1:26 PM - Reply

    I am not from PA and can’t answer your question, there are so many things that come into play with closing cost that no one here could give you an accurate answer. But I can give you an idea of the items involved in closing a mortgage lone. Some of which are paid by the seller and some by the buyer.
    1) Property taxes [prorated between seller and buyer]
    2) Points on loan [buyer] prepaid interest
    3) Survey [seller]
    4) Abstracting cost [seller]
    5) Title opinion or title insurance [buyer]
    6) Termite inspection [seller]
    7) Property inspection [buyer]
    8) Appraisal [depends]
    9) Filing fees [seller]
    10) Tax stamps [seller]

    There can be other things it all depends on what is done and who agrees to pay but the above are usual expenses and which party is usually responsible for each.

    Hope this helps. A local Realtor will be able to give you a complete list.

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