Ok thank you.
Ok thank you.
So we dont have a HUD because our finance company said they stopped using them- we have a Closing Disclosure. We paid $420,000 for the condo and there was a total of $13,740.23 in closing costs. It broke down the closing costs as Loan Costs of $4,049.90 which includes all the title fees, recording, etc and then Other Costs which includes more recording, tax stamps, title insurance and HOA dues. How do I know which costs are included? Is there a list I can refer to?
Or are you saying all total costs are included? So lets assume we didnt make any improvements to keep it simple, would the cost basis be $420,000 contract price plus the total closing costs of $13,740.43= $433,740.43?
