What Are Closing Costs?
Beyond the down payment, buyers pay some one-time costs at closing. Here’s what to expect.
Common buyer closing costs
Loan fees. Charges from your lender to set up the mortgage.
Appraisal & inspection. To confirm the home’s value and condition.
Title & escrow. Fees to transfer ownership safely and insure the title.
Prepaids. Some property taxes and insurance paid ahead.
Recording fees. To officially record the sale.
Buyer closing costs often run roughly 2–4% of the price, but it varies. I’ll give you a clear estimate up front so nothing is a surprise.