Are closing costs higher for new construction than an existing home ...

THE Closing Costs for a New Home and a Resale home should roughly be equal. ?There are one or two instances that where you may have an extra charge or two on a new home. ?

For example, in some subdivisions, the first owner of a property may have to make an initial contribution to the HOA for common features such as the pool or park.

Other than that, they should be the same as most of your expenses are driven by the amount of your loan and legal fees to transfer the property, etc.

Source: http://www.zillow.com/advice-thread/Are-closing-costs-higher-for-new-construction-than-an-existing-home/465097/

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