What is the normal amount of loan costs on a $400k home?

Stanley,Situations vary by individual, so, you should speak to one of our licensed Loan Advisors. They are available to help at 844-536-9270 (M-Th 9 am to 10 pm, Friday 9 am to 9 pm, Saturday 9 am to 6 pm EST)Thank you

Is this for a purchase or refi? We have no lender fees, so you will only have to pay title fees and pre-paid fees. If I can help in anyway please call or email me. 610-233-0098 or cgee@perennialfunding.com

On a Purchase we do not charge a Lender Fee. All you fees will be coming from your Attorney and his Title Co. You will have to come with your PrePaids(Property Taxes and Homeowners Insurance). PrePaids will vary based on the annual amount of the Taxes, time of closing and amount of the annual homeowners ins . Call me anytime with questions direct @ 732-359-6002 or check us out online www.NJLENDINGSOURCE.com

There is no such thing as "Normal".. when it comes to closing costs.. Some fee's are fixed, meaning whether your loan is for $400K or $100K.. the fee is the same.. other fee's are variable and can be based on a percentage of the loan amount or the sales price.. Also, every area has different customary costs and processes which could cost more or less depending on where you are.. And if you choose to do an impound account or not, will affect what the costs would be.. The short answer is that there's no normal calculation for every scenario.. The best thing to do would be to contact several lenders and ask for a Loan Estimate Quote.. Assuming they go out of their way to be sure it's accurate,, that will give you several options to choose from.. But be careful.. the lowest price is not always the best deal.. Internet lenders are most always a little lower than your local guy, but the service will not be good.. In most all scenarios, your better off going with the local mortgage pro, even if the rate is slightly higher.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

While that would appear to be a logical question, it really is virtually impossible to answer. For example, there are slight variations state by state in actual costs (like state deed taxes). Are you purchasing or refinancing. On a purchase, maybe the seller is paying some of your closing costs. Do you want to pay points to buy down the interest rate? Or how about a no lender fee loan? No lender fee will lower your out-of-pocket closing costs... but don't let anyone FOOL you. No lender fee loan is obtained by the lender INCREASING the interest rate on the loan to pay for the closing costs over time that you didn't pay up front. For this situation in MN, WI, or SD, visit me at www.JoeMetzler.com or (651) 552-3681