Closing costs typically range from 2% to 5% of the purchase price, depending on the loan type and transaction. Common closing costs include:

• Lender fees
• Appraisal and credit report fees
• Title insurance and settlement charges
• Prepaid taxes and homeowners insurance

Some loan programs allow seller concessions or lender credits to help reduce out-of-pocket expenses. A detailed Loan Estimate will outline all costs before closing so there are no surprises.