28 September 2022

Closing Costs

Closing costs are fees paid when you close on a mortgage loan. Typically, closing costs equal 3% to 5% of your total home loan balance. Appraisal fees, attorney’s fees, and inspection fees are examples of common closing costs. Closing costs are usually comprised of between 2-5% of the total purchase price of the home.

These fees are paid on or by the closing date.