How Much Are Closing Costs?
Although they vary by state, typically, closing costs total 1% to 2% of the home’s purchase price. Closing costs generally cover:
Mortgage Costs: Loan origination fee, document preparation, points, commitment fee, underwriting fee.
Outside Vendor Costs: Appraisal, credit report, flood determination fee.
Title Costs: “Closing” Settlement fee, title/abstract search, title insurance premium (for the lender’s and owner’s policies).
Government Fees: Title recording and transfer tax fees.
You can use our quote calculator to see all prices and fee’s related to a closing