Bunny Terry February 1, 2025
“Closing costs are lender and third-party fees paid at the closing of a real estate transaction, and they can be financed as part of the deal or be paid upfront. They range from 2% to 5% of the purchase price of a home. (For those who buy a $150,000 home, for example, that would amount to between $3,000 and $7,500 in closing fees.)”
“…understanding and educating yourself about these costs before settlement day arrives might help you avoid any headaches at the end of the deal.”
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The closing disclosure includes final details about the loan and the closing costs.
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