Comments on: On a COMMERCIAL MORTGAGE, how much should I expect to pay at close?

By: Jim H

Jim H — Fri, 05 Jun 2009 04:51:42 +0000

my ballpark guess on the 800K loan the title, legal review and escrow fees will be 1% and the lender fee 2%

on the larger 2.5 mil transaction, somewhat less
..25% title, legal, and escrow; and 1% for lender

Dale H — Tue, 02 Jun 2009 15:24:28 +0000

I would expect very different numbers. It all depends on how it is structured. That is whether you are paying points or taking a higher rate.

All that should be spelled out in detail prior to closing, but the closing costs sould be shocking.

Down payments could be pretty steep too.