Back to Glossary
Closing Costs
Updated
January 19, 2023
Closing expenses normally vary from 3% to 6% of the home's buying price. 1 As an example, if you purchase a $200,000 home, your closing expenses could range from $6,000 to $12,000. Closing costs vary depending on your state, loan type, and your mortgage lender, so it's critical to keep track of these costs.
Related Topics
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?
What Does Foreclosure Mean?
What Is a HELOC Loan?
Loan Default
Financial Considerations (For First-Time Home Buyers)