Closing costs are the fees paid to finalize a real‐estate transaction. These costs cover items like loan origination fees, appraisal, title search, legal services, homeowner’s insurance and property taxes. Buyers typically pay 2% – 6% of the purchase price in closing costs, while sellers may pay about 2% – 4%, or up to 8% – 10% when factoring in agent commissions. Actual amounts vary depending on the loan type, property location and local taxes.

For an estimate tailored to your situation, review our Get Pre‐Approved resources and consult with a lender.