Fees due at settlement — lender charges, title, escrow, and prepaid taxes and insurance.
Budget 2–5% of the purchase price on top of the down payment. Sellers pay their own set, dominated by agent commissions. Ask for a Loan Estimate early; fees are negotiable more often than advertised.
Example: ~3% of $400,000 ≈ $12,000 plus prepaids.
FAQ
What is Closing Costs in simple terms?
Budget 2–5% of the purchase price on top of the down payment. Sellers pay their own set, dominated by agent commissions. Ask for a Loan Estimate early; fees are negotiable more often than advertised.