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Closing Cost Calculator: What closing costs will you incur. – The mortgage closing costs Calculator helps you understand cost components & the approximate fees that will be due when you close your home loan. Many people focus only on interest rates when shopping for a mortgage or refinance deal. But it’s important to consider all the closing costs that will be associated with your home loan.
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Along with any down payment or other prepayments related to your home purchase, you’ll likely pay closing costs, which usually total between 3 and 5 percent of the loan amount. You can use the closing costs calculator from Bank of America to estimate what your costs might be. You should first get a sense of how much your closing costs will be from the Loan Estimate your lender provides you.
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