USDA closing costs: They do not require
additional closing costs above what you would pay for other loan types.
Not exact matches
Based on our average property prices
above, you will require an
additional sum to cover the
closing costs (stamp duty, transfer fees, etc) for the purchase as well, bringing the total higher than just the initial deposit amount, depending on the type of property that you will be purchasing and where it is located.
Impound accounts substantially increase recurring
closing costs (see
above) because they require escrow officers to collect an
additional three to eight months of property taxes and up to a full year of insurance to «pad» the impound account to make sure there is enough money in the account when the property tax and insurance payments actually come due.