The Birdy Num Num Indian podcast is all about inspiring the creative Indian.With over 35M views online spanning a career in IT and Stand Up Comedy, Indian-American comedian Sanjay Manaktala is the epitome of "because life begins after engineering." A good chunk of his guests also live by this philosophy. Every Monday and Thursday Sanjay talks creativity, dating, technology, life, current events and general life advice from the perspective of a 30 something Indian American guy traveling the w ...
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Closing costs seem to be somewhat of a mystery to many. They’re are essentially additional fees (outside of the down payment) that are associated with the purchase of a home. Today we’ll be using a program to calculate example payments you’ll find in your closing costs. You can follow along with the video example starting at 00:35. For the example, let’s say the purchase price is $250,000 with a 10% down payment, an interest rate of 4.99%, and a 30-year conventional mortgage loan. There is also a 1.1% cost for hazard insurance and 1.12% for taxes. “These are the costs you’ll be paying when you purchase a home.” After the numbers are crunched, the total closing costs (not including the $25,000 down payment) are $7,379.06. This amount is broken down into prepaid costs, title fees, lender fees, and other fees. Prepaid costs are incurred by the buyer after closing and include insurance, escrow, and some interest. Title fees facilitate the closing of the property and provide protection for the buyer, and include title policies, closing fees, attorneys, GAP coverage, and more. Lender fees ensure the home is in good shape and include appraisals, inspections, and surveys. These are the costs you’ll be paying when you purchase a home. If you have any questions or need further information, feel free to reach out to us. We look forward to hearing from you.