Facts About Closing Costs
If you are thinking about buying a home, be sure to plan for closing costs.
What are They?
"Closing costs are the fees and expenses you must pay before becoming a legal owner of a house, condo, or townhome... Closing costs vary depending on the home's purchase price and how it's being financed... Bankrate
What Do They Typically Include?
- Government recording costs
- Appraisal fees
- Credit report fees
- Lender origination fees
- Title services
- Tax services fees
- Survey fees
- Attorney fees
- Underwriting fees
How Much Are They?
Closing Costs = 2% to 5% of the Total Purchase Price of a Home
Example: A $363,000 home = $7,200 to $18,200 in closing costs
Closing costs can vary, and you'll need to work with your lender in the process.
As you're getting ready to buy a home, it's important to plan for the fees and payments you'll be responsible for at closing. Let's connect so I can answer your questions about the homebuying process.