Closing Costs Can Reach 5% of Your Loan | Looking for a REALTOR® you can trust? Let’s make your next move with confidence. Committed to Service. Driven by Integrity.

Closing costs are separate from the down payment and usually paid upfront to finalize a mortgage, covering lender, property, legal, tax, insurance and escrow charges.
For most US buyers, closing costs typically run ~2%-5% of the loan amount, not the purchase price, so budgeting beyond the down payment matters.
Common charges include origination or underwriting fees, appraisal, inspection, survey, title work, attorney costs, recording fees, prepaid taxes, insurance and initial escrow funding.
Buyers usually pay most closing costs, while sellers cover their own expenses; concessions may help in slower markets, sometimes through a higher offer price.
Before closing, compare lender estimates, review the final disclosure early, ask about credits or assistance, and watch for duplicate fees or drained savings.