All Topics / Help Needed! / closing cost

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  • Profile photo of SJonesySJonesy
    Participant
    @sjonesy
    Join Date: 2011
    Post Count: 4
    May 26, 2011 - 8:33 pm

    can the closing cost be worked out on a property before you buy it ? is there a formula to work it out or is it a % of the purchase price? kind regards SJ

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    May 26, 2011 - 10:02 pm

    The exact closing costs generally aren’t known until a day or two before settlement as there could be rates adjustments, etc that you may need to reimburse the seller for.

    However, the big ticket items which account for the majority of closing costs such as stamp duty, conveyancing, etc can be worked on well in advance. Particularly stamp duty – there’s heaps of calculators out there – here’s one http://www.passgo.com.au/calculators

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

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