Closing costs are the taxes and fees associated with completing your home purchase.  Buyers can expect for them to range anywhere from 2-6% of the purchase price of the home.  

Here are some closing costs most buyers can expect to anticipate:

  • Loan origination
  • Home inspection fees
  • Escrow deposit
  • Attorney fees
  • Private mortgage insurance
  • Taxes on home loan amount
  • Document recording fees on the deed and mortgage
  • Mortgage points

Buyers and sellers typically split the closing costs.  A great buyers agent will help you negotiate these costs with the seller to offset as much of the costs as possible.  

You can read more about closing costs here.

Posted by Lisa Ferro on
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