What Are Closing Costs?

Closing costs are fees paid to finalize a mortgage or real estate transaction. They may include lender charges, title fees, taxes, insurance, and prepaid items.

How Much Are Closing Costs?

Closing costs often range from 2% to 5% of the purchase price, depending on location, loan type, and lender fees.

Can Closing Costs Be Negotiated?

Some fees may be negotiable, and sellers or lenders may offer credits in certain transactions.