Pennsylvania Mortgage and Closing Cost Calculator

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Pennsylvania law requires real estate agents to provide both buyer and seller with “Statements of estimated cost and return”. The closing cost estimate must be provided before an agreement of sale is executed. Each party to the sale must receive a written estimate of reasonably foreseeable expenses associated with the sale that the party may be expected to pay, including, but not limited to: the broker’s commission, the mortgage payments and financing costs, property taxes, assessments and settlement expenses. The cost estimates are required be as accurate “as may be reasonably expected of a person having knowledge of, and experience in, real estate sales”. The PA mortgage and closing cost calculator was developed to help real estate agents and homebuyers understand the down payment and closing costs associated with the sale. Please understand that this calculator is only for illustrative purposes and specific costs and questions should be directed to a mortgage professional. Here's the tutorial - Mortgage Calculator Tutorial.  Also, click outside the box to "lock in" your choice or use the tab key. The Pennsylvania home seller cost estimate can be found with this link – PA seller estimate.