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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APR vs. interest rate: What’s the difference?
Most homebuyers focus on the mortgage rate and ignore the APR.
3 min read Aug 10, 2022 -
What are points on a mortgage?
Points can save you a bundle of money, but it pays to do a little analysis first.
9 min read Aug 08, 2022 -
When is the best time to close on a house?
There are pros and cons to closing on your home purchase before the end of the month.
6 min read Jul 28, 2022 -
Cash to close explained
Think of closing costs as just one of three components of cash to close.
3 min read Jul 27, 2022 -
How much does it cost to refinance your house?
Here’s a breakdown of the fees commonly included in refinance closing costs.
5 min read Jul 26, 2022 -
Cash out refi vs. home equity loan: What you need to know
For some homeowners, it could make sense to refinance with a home equity loan.
6 min read Jul 22, 2022 -
How to negotiate your mortgage closing costs
Don’t just accept the list of costs the lender hands you.
4 min read Jul 20, 2022 -
Mortgage closing costs vs. prepaids: What’s the difference?
You may hear these terms used interchangeably, but they are two different expenses.
3 min read Jun 27, 2022 -
Average mortgage closing costs by state
Here are the most and least expensive markets when it comes to closing costs.
2 min read Jun 24, 2022 -
What are APR fees on a mortgage?
Here’s a closer look at what fees are typically included in APR and what isn’t.
3 min read Jun 16, 2022