For conventional mortgages, lenders usually require you to pay a mortgage insurance premium if your down payment is under 20 % of the total mortgage amount. (valuepenguin.com)
Closing costs are generally 3 % to 6 % of the mortgage, but can be wrapped into the total mortgage amount rather than paid upfront. (valuepenguin.com)
The Mortgage in Erie County is 1 % of the mortgage amount and can be computed by calculating 1 % of the total mortgage amount, less $ 25 where the real property consists of a 1 - or 2 - family dwelling. (www2.erie.gov)