Hi all,
Quick opinions needed for home purchase (new construction).
Asking price: $535,000
Seller is providing $16,500 towards closing + blinds (wood) and washer/dryer (additional $2,000).
Loan would be a 30 year fixed, 4.75% interest, no PMI, 10% down + purchase of 2 discount points. Total closing cost comes in around $21,000.
* The 2 additional discount points allow me to remove PMI / reduce the rate.
Down payment of $53,500 + $4,500 closing = $58,000.
Does this seem like a decent deal?