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What are closing costs and what do they include?

Closing costs can vary significantly depending on where the property is located, since many fees are set at the state and local level.

In general, closing costs include items such as the appraisal, title work, lender fees, property taxes, and state or county transfer taxes or tax stamps. The specific fees and amounts will differ based on location and loan type.

Because there is a wide range of possible charges, closing costs typically total about 2–5% of the purchase price.

A best practice is to review these costs upfront with a clear and complete breakdown, so there are no surprises at the closing table. Understanding what to expect allows you to plan confidently and make informed decisions throughout the process.

If you’d like a personalized closing cost estimate, DM or comment “closing costs”.

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