Using BiggerPockers Rental Calculator

[Kathy Evert]

I would appreciate your advice about  the correct numbers to use when estimating closing costs while running the numbers for our next purchase.

This is an example of the closing costs for a rental that we purchased for $105,000.

Loan Charges:  Origination & prepaid  interest:  $1,000

Title Charges & Escrow/Settelment:  $1,600

Impound Charges:  Tax & Insurance:  $1,500

Total:  $4,100

Which of the charges should be entered into the closing cost field?  Is there anything else I should consider?

I’d appreciate your input.