06/12/2026
🏡 What’s Included in Closing Costs? Let’s Break It Down!
One of the biggest surprises for many homebuyers isn’t the down payment—it’s the closing costs.
Closing costs are the fees and expenses required to finalize your home purchase and are typically due at closing.
📋 Common Closing Costs Include:
✅ Loan Origination Fees
Charged by the lender for processing your mortgage loan.
✅ Appraisal Fee
Required to determine the home’s current market value.
✅ Home Inspection Fee
Helps identify potential issues before you buy.
✅ Credit Report Fee
Used by lenders to review your credit profile.
✅ Title Search & Title Insurance
Protects against ownership disputes and ensures the property’s title is clear.
✅ Attorney Fees (where applicable)
Legal review of documents and closing paperwork.
✅ Recording Fees
Paid to your local government to record the sale.
✅ Prepaid Property Taxes & Homeowners Insurance
Often collected upfront and placed into escrow.
✅ HOA Fees (if applicable)
Transfer fees or prorated dues for communities with homeowners associations.
💰 How Much Are Closing Costs?
As a general rule, expect closing costs to range between 2% - 5% of the home’s purchase price.
🏠 $200,000 Home = Approximately $4,000 - $10,000
🏠 $300,000 Home = Approximately $6,000 - $15,000
🏠 $400,000 Home = Approximately $8,000 - $20,000
The good news? In some situations, sellers may contribute toward closing costs, and there are programs available that can help qualified buyers.
Thinking about purchasing a home but unsure where to start?
Let’s create a plan that prepares you financially and positions you for success!
📲 Angela Bruce, The REALTOR Who Cares
The Full Circle Group
📞 803-747-4573
🌐 angelabrucesoldit.com
Need help improving your credit before buying?
📲 JAM Financial Solutions
📞 866-481-9735
🌐 jamfinancialsolutions.net
