The selling costs will come out on the back end.Assuming a 70% LTV ($50K HML), rehab plus purchase right at 70%, 4 points, 15% interest paid monthly, getting nothing at closing and getting reimbursed for rehab in thirds, you would need about $1000 for closing costs, $2000 for points, about $1000 for all the prepaid items (insurance, inspections, etc.), $3750 for interest payments, and a third of the rehab.

Typically, you have prepaid interest at closing to cover the rest of the current month and then mortgage payments in general are in arrears so if you close prior to June 1, I would expect your first payment to be due on July 1.

If you need to fax more, prepaid page credit is around 5-10 cents a page.

You do that on a normal transaction as part of the "prepaids".

You can get a prepaid phone cheap.

It is a pre-paid wireless phone you buy at the drug store or walmart.

The rest are escrow and pre-paid insurance costs.Of the half that are closing costs, legally you should have received a Good Faith Estimate (GFE) of every one of these costs when you submitted your loan application and the contract on the property.

Prepaid rent?

And a bunch of misc recording fees.The other factor in "closing costs" on the buyer's side is the "prepaids".

I've used Pre Paid for about 10 years now.