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Closing
Costs

Buyer Fees · Lender · Title · Escrow

Purchase Details

Estimated Closing Costs

Typical Closing Costs

FeeTypical CostNegotiable?
Loan Origination0.5-1% of loanYes
Appraisal$300-600No
Home Inspection$300-500No (but optional)
Title Insurance$500-3,000Shop around
Title Search$200-400Sometimes
Attorney Fees$500-1,500Varies by state
Recording Fees$50-250No
Escrow/Prepaid2-6 months taxes+insuranceNo

Reduce Closing Costs

StrategySavings
Ask seller to pay closing costsUp to 3-6% of price
Shop lenders (Loan Estimate comparison)$1,000-3,000
Negotiate lender fees$500-1,500
Close at end of monthReduces prepaid interest
No-closing-cost mortgageHigher rate tradeoff