Massachusetts Closing Costs

[Ed Maione]

Hi all - I've been shopping around for financing options in Metro-West Boston and stopped into DCU for a general quote and to ask some specific questions. We ran the numbers on a $300,000 purchase, 20% down, non-owner occupied small multi-family. Just before they showed me the numbers they said: "just so you know our closing costs tend to be a little high". The number they quoted was $15,000. Now I am new, however, having invested 100's of hours in BP content, I have never seen an investor estimate the purchase closing costs so high. Just wanted to see what you thought about this rate and what you might be paying elsewhere as I continue shopping. 

Thanks!