Closing costs question

[Dan Ross]

We are getting closer to possibly closing our deal on our short sale purchase. The bank wants to net 161,000 (the value of the 1st and $1,000 to the second).

Can anyone explain what costs are involved to create the gross amount of the deal? We were told it is normally around 9% to close the deal but the realtors are only taking 4% so it is closer to 7%.

I'm guessing:

-The principal + realtor fees (4%total) + excise tax (washington state) + ?mortgage closing costs???

I guess I'm not certain if the mortgage closing costs are included or if its something else??

Thanks