Closing Costs
Closing costs are the thousands of dollars in fees associated with getting a mortgage or refinancing a home loan and typically amounts to 2 percent to 5 percent of the loan principal but can vary by state.
Latest Closing Costs Articles
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Closing costs in Florida
Florida has the eighth-highest closing costs in the country. Here’s how much buyers and sellers must pay.
8 min read Dec 13, 2022 -
Selling a home in Delaware
Property values are soaring in the First State — but sellers here will pay a high price in closing costs.
7 min read Oct 25, 2022 -
What are seller concessions?
Depending on the market, seller concessions don’t always pan out for the buyer.
3 min read Oct 19, 2022 -
Understanding escrow: How it works in homebuying
It’s not complicated, but it involves several steps. Here’s how to navigate them.
6 min read Oct 07, 2022 -
What is mortgage escrow?
It’s an often-inescapable fact of homebuying and homeowning life.
5 min read Sep 26, 2022 -
What is the HUD-1 settlement statement?
The HUD-1 settlement statement is only required in certain cases.
2 min read Mar 28, 2022 -
Ask Bankrate: Is the new 0.5 percent refinance fee here to stay?
A reader asks: Do you see the new fee on refinancing mortgages being permanent?
6 min read Oct 23, 2020 -
Should I refinance my mortgage while rates are low?
Here’s what to consider before your trade in your mortgage for a new one.
4 min read Aug 09, 2019 -
8 ways to get the best mortgage rate
Get the best mortgage rate The day has come: It’s time to buy your first home. But, the average home costs more than $260,000, and since you likely don’t have that kind of cash sitting in a savings [...]
3 min read Sep 06, 2017
Related Topics
Helpful Links
- Closing cost guide
- How to buy a house
- How to negotiate your mortgage closing costs
- Average mortgage closing costs by state
- Understanding the closing process
- How much does it cost to buy a house?
- Mortgage closing costs vs. prepaids
- How much does it cost to refinance your house?
- No closing cost mortgage
- No closing cost refinance