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

  • 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
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  • Take-out loan

    Take-out loan is an important financial term. Bankrate explains what it means.

    1 min read Aug 19, 2021
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  • Exclusive listing

    Exclusive listing is an important term in real estate. Bankrate explains what it means.

    2 min read Dec 18, 2017
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  • Inspection report

    An inspection report is important to many buyers of property. Bankrate explains what it is.

    2 min read Aug 08, 2019
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  • Starter home

    Starter home is a term prospective homeowners should understand. Bankrate explains it.

    1 min read Apr 22, 2021
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  • Closing statement

    Closing statement is an important term to understand. Bankrate explains it.

    1 min read Oct 21, 2019
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  • Discount point

    Discount point is a money term you need to understand. Here’s what it means.

    1 min read May 12, 2020
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