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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What are seller concessions?
Depending on the market, seller concessions don’t always pan out for the buyer.
3 min read Oct 19, 2022 -
What is the APR on a mortgage and how does it work?
If you’re shopping for a mortgage, you’ll likely come across the term “APR.”
2 min read Oct 18, 2022 -
Average down payment for a home
Across the U.S., here’s what buyers in different age groups are really paying.
2 min read Oct 17, 2022 -
Hard money lenders: One source for unique mortgage situations
These loans appeal to house flippers or those with unusual situations.
7 min read Oct 17, 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 are real estate transfer taxes?
Real estate transfer taxes are different from property tax, estate tax and gift tax.
3 min read Sep 01, 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 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
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