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 Arizona: Who pays for what?
The Grand Canyon state has relatively low closing costs.
5 min read May 11, 2023 -
Rocket’s new credit card is aimed at homebuyers — but is it a good deal?
Is Rocket Mortgage’s new rewards credit card the best way to save for a down payment?
3 min read Mar 30, 2023 -
What is a good faith estimate (GFE) for mortgages?
The GFE can help you understand all the details of a mortgage.
3 min read Mar 16, 2023 -
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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 -
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 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 -
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 [...]
2 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