My husband and I have been trying to buy a house for the last three months and we finally got acceptance on a property, but the bank has sent us a counter offered - and with that we are now a little confused until the lender office opens tomorrow and I can talk to some one.

If there is any one online tonight that can help us out a little tonight with what our new total closing cost would be please reply ASAP!

Details of Transaction:

Sale Price: $62,000
Loan Amount: $61,176.00
Down Payment: $2,170.00
Estimated Prepaids: $1,589.43
Estimated Closing Cost: $4380.41
....... LESS-Seller's Concession Needed: $3720.00 (closing cost & prepaids)
....... LESS-Seller's Closing Cost: $834.00 (stamps, deed, and title)

Total Cash to Close: $3586.02


Banks New Counter Offer:

They will pay $1860.00 toward closing cost
They will give us a two year home warranty FREE
We will pay $1,000 deposit at contract, with rest due at closing.


Questions:
With the new deal that's being offered by the bank - what will our new closing cost be?