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poppet24

How much to escrow?

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So, it looks like hubby and I are going to have to get into a house sooner than we wanted to. We wanted to save up more money to have in savings for a back up, but we are kinda being forced out of where we are now.

So my question is - how much can we expect to pay into escrow and how much for the inspection? I am trying to get my ducks in a row from the begining and the lady who is supposed to be helping us get approved for the loan is being a dingy bat and not answering my questions. Guess thats what you get when they are your friends. About time to get someone new. :)

Thanks in advance!

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Rough calc goes like this:

1/12 of a homeowners insurance policy premium

1/12 of property taxes (I adjust +2% annually - unless it's CA)

There might be other fees, taxes, assessments attached to prop - so just figure 1/12 to get a monthly idea of what needs to be put away.

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