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
-
Closing costs: What are they and how much are they?
They’re upfront expenses you pay on closing day. And they can mount into the thousands.
6 min read Sep 13, 2024 -
What is the APR on a mortgage and how does it work?
If you’re shopping for a mortgage, you better know what it means.
5 min read Sep 12, 2024 -
Closing costs in Florida: Who pays for what?
Florida has high closing costs. Here’s how much homebuyers and sellers must pay.
5 min read Aug 23, 2024 -
Closing costs in California: Who pays for what?
California is one of the country’s most expensive housing markets.
5 min read Aug 23, 2024 -
Key mortgage terms to know: a guide to commonly used phrases
From A(RMs) to V(A loans), the most common words mortgage shoppers should know.
12 min read Aug 19, 2024 -
APR vs. interest rate: What’s the difference?
The APR and interest rate on your mortgage aren’t the same. Here’s what to pay attention to when you compare costs.
6 min read Aug 15, 2024 -
What is a prepayment penalty?
It’s basically a fee to stop you from settling your mortgage early.
8 min read Aug 14, 2024 -
Guide to first-time homebuyer grants
There’s one key fact that separates first-time homebuyer grants from other forms of help.
8 min read Aug 13, 2024 -
Who pays closing costs in Texas?
Here’s how closing costs work for homebuyers and sellers in Texas.
5 min read Aug 12, 2024 -
Closing costs in Utah: Who pays for what
Utah does not charge a transfer tax, but there are plenty of other closing costs to consider.
5 min read Aug 06, 2024
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