What Are Closing Costs, and How Much Should I Expect to Pay?

Closing costs are the fees and expenses that come with finalizing a home purchase. They usually include lender charges, title fees, escrow costs, taxes, insurance, and recording fees. In my experience, buyers can expect these to range from 2% to 4% of the home’s purchase price, depending on the loan type and location.

It’s important to review these details early in the process. A good agent and lender will break down every cost so there are no surprises at the closing table. Some costs are negotiable, and in certain cases, sellers may agree to contribute toward closing costs as part of the deal.