What are closing costs for home buyers?

What are closing costs for home buyers?

Closing costs are fees and expenses you pay when finalizing a real estate transaction, typically ranging from 2% to 5% of the home's purchase price.

What specific fees are included in closing costs?

Closing costs can include loan origination fees, title insurance, appraisal fees, and attorney fees, among others.

Are closing costs negotiable?

Yes, some closing costs can be negotiated with the seller or lender, so it's worth discussing them during the buying process.

How can I estimate my closing costs?

You can estimate closing costs by using a closing cost calculator or by asking your lender for a Good Faith Estimate.