Is you closing cost based on the sale price or your actual finance amount

Question

Is you closing cost based on the sale price or your actual finance amount

Answer

Not generally. Quite a few costs can go into the cost of transferring property. They can include the title search, preparation of the deed, real estate agency commission, pro-rated taxes, etc. If you are working with a title company, I suggest you ask your contact person there. Or simple call a title company exploring what the charges might be.