Complete Guide to Closing Costs

Closing costs typically range from 2% to 5% of your loan amount.

Types of Closing Costs

Lender Fees

• Origination Fee: 0.5% - 1% of loan amount
• Underwriting Fee: $500 - $1,000
• Processing Fee: $300 - $500

Third-Party Fees

• Appraisal: $400 - $700
• Title Insurance: 0.5% - 1% of loan amount
• Escrow/Settlement Fee: $500 - $1,500

Prepaid Items

• Homeowners Insurance: 1 year upfront
• Property Tax Escrow: 2-6 months

How to Reduce Closing Costs

1. Negotiate with sellers for concessions
2. Shop for title insurance
3. Ask for lender credits
4. Compare loan estimates from multiple lenders

Estimate Your Costs

Use our Closing Costs Worksheet to get a detailed estimate.