For some data points:11CapitalFinance30 year fixed loan at 70% LTV with a 3 year pre-payment penalty and is based on a 800 FICO score.6.75% APR$1918: 2 lender points $1720: lender underwriting / doc fee$1918: 2 point broker fee$500 appraisal Total cost: $6056 + pre paidsPrime Lending30 year, 70% LTV5.625% APR (was told today that it’s come down this week from this)Lender: $1350Appraisal: $475Title: $1300Total cost: $3125 + pre paids

Prepaid water/sewerYou might have HOA costs, which are typically 1-3 months of fees and a capital reserve.  

This number consists of your 5% down payment, closing costs (title fees, appraisal), and prepaid (homeowners insurance and property taxes).

This number consists of your 5% down payment, closing costs (title fees, appraisal), and prepaid (homeowners insurance and property taxes).

As the buyer, you will repay any pre-paid city taxes the seller already made, pre-pay insurance, pay any transfer fees or taxes to the city or state, appraisal, title services and insurance, recording fees, transfer taxes, and any loan charges.Seller pays concessions for repairs, rent prorations, security deposits, any property taxes past due to date of closing, any required inspections such as fire inspections, and any final utility bills.

I made a pretty nice 4% commission when I originally bought it and they paid all of my closing cost and rolled my prepaids in.

Closing costs vary based on timing of within the month and the year because its mostly based off of property taxes and interest pre paid.

If they get evicted and you replace them with another tenant when you still have their pre-paid rent, you will have to return (you cannot get paid 2x for 1 month).

Others where the tenant swears they had prepaid a years worth of rent and gave the landlord several thousand dollars in security deposit. 

Locally we only have one municipality that has a landlord-secured utility and it also has a prepaid option, so it is easily offset.I'll be curious to see what comes of this.