What is this? Closing costs are the fees and charges paid when you close on a home purchase or sale — typically 2-5% of the purchase price. These are separate from your down payment and must be paid in cash at closing.
For buyers: Lender fees, appraisal, title insurance, escrow fees, recording fees, prepaids (taxes + insurance). For sellers: Agent commissions (5-6%), transfer taxes, title insurance, escrow fees.
Who it's for: Home buyers and sellers budgeting for closing day.
Transaction Details
Cost Estimate
Total Closing Costs
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As % of Sale Price
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Cash Needed at Close
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Estimates only. Actual closing costs vary by lender, title company, location, and negotiate. Consult a real estate attorney for exact figures.