{"id":107688,"date":"2026-05-13T01:12:31","date_gmt":"2026-05-13T05:12:31","guid":{"rendered":"https:\/\/www.houzeo.com\/blog\/?p=107688"},"modified":"2026-05-13T01:12:37","modified_gmt":"2026-05-13T05:12:37","slug":"how-much-are-closing-costs","status":"publish","type":"post","link":"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs\/","title":{"rendered":"How Much are Closing Costs?"},"content":{"rendered":"\n<p class=\"margin-top-28\">Whether you are selling a house or buying one, closing costs are the last bridge you need to cross to seal the deal on your housing transaction. These are the fees and expenses paid at the final stage of a real estate deal, separate from the property&#8217;s purchase price.<\/p>\n\n\n\n<p class=\"margin-top-15\">This expense consists of multiple components that vary for the seller and the buyer. Sellers typically deal with agent commissions, transfer taxes, and title-related fees, while buyers cover loan origination fees, appraisal costs, and prepaid property taxes.<\/p>\n\n\n\n<div class=\"wp-block-houzeo-takeaways-list takeawaysSec\"><p class=\"headKeySec\"><strong>KEY TAKEAWAYS<\/strong><\/p><ul class=\"listing\"><li>Closing costs, also known as \u201csettlement costs,\u201d are a set of final expenses paid to complete a real estate transaction.<\/li><li>In the US, both the seller and the buyer are responsible for paying closing costs.<\/li><li>The 3 major seller closing costs in the U.S include the realtor fee, recording fee, and escrow fee.<\/li><li>The 3 major buyer closing costs are the loan origination fee, escrow (or impound) account setup, and appraisal fee.<\/li><li>In the United States, real estate transactions are typically finalized with the help of either a real estate attorney or a title company.<\/li><li>Closing costs in the US depend on factors such as whether you&#8217;re buying or selling, the property&#8217;s value, and local regulations.<\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"what\"><strong>What are Closing Costs?<\/strong><\/h2>\n\n\n\n<p>Closing costs are a set of expenses that the seller and the buyer must pay to finalize the real estate transaction and transfer the ownership of the house. <\/p>\n\n\n    <div class=\"newClosingCostBox calculatorModal viewClosingCost\">\n\t    <p class=\"ClosingTitle\">Closing Cost Calculator <\/p>\t\n\t    <div class=\"newCloseValueBox calculatorFormModal\">\t\n\t\t\t<div class=\"newCloseInputBox\">\t\n\t\t\t\t<span class=\"newCloseDollar\">\n                    <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/newBlog\/dollar-vector.svg\" alt=\"dollar\">\n                <\/span>\n                <input id=\"number-separator\" type=\"text\" placeholder=\"Enter Your Home Price\" oninput=\"this.value = this.value.replace(\/[^0-9.]\/g, '').replace(\/(\\..*)\\.\/g, '$1');\" value=\"500,000\" min=\"10000\" step=\"10000\" class=\"homePrice number-separator form-control\">\t\t\t\t\t\n                <span class=\"errorMsg ClosingCostError\" style=\"display: none;\">Please enter your home price<\/span>\t\n\t\t\t<\/div>\n\t\t\t<div class=\"newCloseInputBox newSecClose outlineNone\">\n\t\t\t\t<span class=\"newCloseMap newselectMap\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/themes\/houzeo-new-design\/images\/hou-map.svg\" alt=\"\">\n\t\t\t\t<\/span>\n\t\t\t\t<select aria-label=\"State selection dropdown\" class=\"exist-option-only form-control\" style=\"width: 100%;\">\n                 <option value=\"alabama\" >Alabama<\/option><option value=\"alaska\" >Alaska<\/option><option value=\"arizona\" >Arizona<\/option><option value=\"arkansas\" >Arkansas<\/option><option value=\"california\" >California<\/option><option value=\"colorado\" >Colorado<\/option><option value=\"connecticut\" >Connecticut<\/option><option value=\"delaware\" >Delaware<\/option><option value=\"florida\" >Florida<\/option><option value=\"georgia\" >Georgia<\/option><option value=\"hawaii\" >Hawaii<\/option><option value=\"idaho\" >Idaho<\/option><option value=\"illinois\" >Illinois<\/option><option value=\"indiana\" >Indiana<\/option><option value=\"iowa\" >Iowa<\/option><option value=\"kansas\" >Kansas<\/option><option value=\"kentucky\" >Kentucky<\/option><option value=\"louisiana\" >Louisiana<\/option><option value=\"maine\" >Maine<\/option><option value=\"maryland\" >Maryland<\/option><option value=\"massachusetts\" >Massachusetts<\/option><option value=\"michigan\" >Michigan<\/option><option value=\"minnesota\" >Minnesota<\/option><option value=\"mississippi\" >Mississippi<\/option><option value=\"missouri\" >Missouri<\/option><option value=\"montana\" >Montana<\/option><option value=\"nebraska\" >Nebraska<\/option><option value=\"nevada\" >Nevada<\/option><option value=\"new-hampshire\" >New Hampshire<\/option><option value=\"new-jersey\" >New Jersey<\/option><option value=\"new-mexico\" >New Mexico<\/option><option value=\"new-york\" >New York<\/option><option value=\"north-carolina\" >North Carolina<\/option><option value=\"north-dakota\" >North Dakota<\/option><option value=\"ohio\" >Ohio<\/option><option value=\"oklahoma\" >Oklahoma<\/option><option value=\"oregon\" >Oregon<\/option><option value=\"pennsylvania\" >Pennsylvania<\/option><option value=\"rhode-island\" >Rhode Island<\/option><option value=\"south-carolina\" >South Carolina<\/option><option value=\"south-dakota\" >South Dakota<\/option><option value=\"tennessee\" >Tennessee<\/option><option value=\"texas\" >Texas<\/option><option value=\"utah\" >Utah<\/option><option value=\"vermont\" >Vermont<\/option><option value=\"virginia\" >Virginia<\/option><option value=\"washington\" >Washington<\/option><option value=\"west-virginia\" >West Virginia<\/option><option value=\"wisconsin\" >Wisconsin<\/option><option value=\"wyoming\" >Wyoming<\/option><option value=\"district-of-columbia\" >District of Columbia<\/option>                <\/select>\n                <div id=\"myModal\"><\/div>\n\t\t\t<\/div>\t\n\t\t<\/div>\n\t\t<div class=\"newCloseBox\">\n\t\t\t<div class=\"newRoleSelect\">\t\n\t\t\t\t<p class=\"newRoleTitle\">Select Your Role<\/p>\n\t\t\t\t\t<div class=\"newRoleRadioBox\">\n                        <div class=\"customRadio\">\n                            <label for=\"radio-6a32310d4c72b\">\n                                <input id=\"radio-6a32310d4c72b\" type=\"radio\" value=\"3\" name=\"radio-group-6a32310d4c72d\" > <span class=\"checkmark\"> <label for=\"radio-6a32310d4c72b\" class=\"checkmarkLabel\"><\/label>Seller<\/span>\n                            <\/label>\n                        <\/div>\t\n\t\t\t\t\t\t<div class=\"customRadio\">\n                            <label for=\"radio-6a32310d4c72c\">\n                                <input id=\"radio-6a32310d4c72c\" type=\"radio\" value=\"4\" name=\"radio-group-6a32310d4c72d\" checked> <span class=\"checkmark\"> <label for=\"radio-6a32310d4c72c\" class=\"checkmarkLabel\"><\/label> Buyer <\/span><\/div>\n                            <\/label>\n                        <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"newRoleButtonBox listingNewRole\">\n                        <a target=\"_blank\" class=\"newRoleButton listingNowBtn\" rel=\"noopener\" data-wpel-link=\"internal\">View My Closing Costs<\/a>\n\t\t\t\t\t<\/div>\n                   \n\t\t<\/div>\t\n\t<\/div>  \n\n<script>\ndocument.querySelectorAll(\".listingNowBtn\").forEach(function(button) {\n    button.addEventListener(\"click\", function(e) {\n        e.preventDefault();\n\n        var calculatorContainer = button.closest(\".newClosingCostBox\"); \/\/ Find the parent container\n        var propertyPriceInput = calculatorContainer.querySelector(\".homePrice\");\n        var propertyPrice = propertyPriceInput.value.replace(\/,\/g, ''); \/\/ Get price\n\n        if (propertyPrice == \"\" || propertyPrice == \"0\") {\n            calculatorContainer.querySelector(\".errorMsg\").style.display = \"block\";\n            return;\n        } else {\n            calculatorContainer.querySelector(\".errorMsg\").style.display = \"none\";\n        }\n\n        var sellerRadio = calculatorContainer.querySelector(\"input[type='radio'][value='3']\");\n        var buyerRadio = calculatorContainer.querySelector(\"input[type='radio'][value='4']\");\n        var state = calculatorContainer.querySelector(\".exist-option-only\").value;\n\n        var sellerOrBuyer = sellerRadio.checked ? \"seller-closing-costs\" : \"buyer-closing-costs\";\n\n        window.open(\"https:\/\/www.houzeo.com\/\" + sellerOrBuyer + \"\/\" + state + \"?price=\" + propertyPrice, \"_blank\");\n    });\n});\n<\/script>\n<script>\n    document.addEventListener('DOMContentLoaded', function () {\n        loadCSS('https:\/\/cdn.jsdelivr.net\/npm\/select2@4.0.12\/dist\/css\/select2.min.css?version=1.0.0');\n        loadScript('https:\/\/cdn.jsdelivr.net\/npm\/select2@4.0.12\/dist\/js\/select2.min.js?version=1.0.0', function(){\n\n            jQuery(\"select.exist-option-only\").select2({\n                dropdownParent: jQuery('#myModal')\n            })\n        });\n    });\n<\/script>\n\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"how\"><strong>How Much are Closing Costs?<\/strong><\/h2>\n\n\n\n<p class=\"margin-top-15\">Closing costs for sellers and buyers may vary across the U.S. as per state laws. Seller closing costs can range from 8% to 10% of the sales price. On the other hand, buyer closing costs can be anywhere between 2%-3% of the purchase price. <\/p>\n\n\n\n<p class=\"margin-top-15\">Usually, the seller&#8217;s closing costs are deducted from the proceeds of the home&#8217;s sale. Meanwhile, the buyer&#8217;s closing costs are paid out-of-pocket.<\/p>\n\n\n\n<p class=\"margin-bottom-28\"><strong>\u00bb<\/strong> <strong><a   href=\"https:\/\/www.houzeo.com\/closing-cost-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">Closing Costs Calculator<\/a>:<\/strong> Use this free tool by Houzeo to get an estimate on your closing costs! <\/p>\n\n\n<div id=\"footable_parent_146593\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"146593\" data-filter-delay=\"1000\" aria-label=\"How Much are Closing Costs\"            id=\"footable_146593\"\n           data-unique_identifier=\"ninja_table_unique_id_2678218132_146593\"\n           class=\" foo-table ninja_footable foo_table_146593 ninja_table_unique_id_2678218132_146593 ui table  ninja_search_right nt_type_legacy_table celled vertical_centered  footable-paging-right ninja_table_search_disabled ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_region \">Region<\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_states \">Closing Costs by State<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"7462\" class=\"ninja_table_row_0 nt_row_id_7462\">\n            <td><b>Northeast<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-connecticut\/\" target=\"_blank\">Closing Costs in Connecticut<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-new-hampshire\/\" target=\"_blank\">Closing Costs in New Hampshire<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-new-jersey\/\" target=\"_blank\">Closing Costs in New Jersey<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-new-york\/\" target=\"_blank\">Closing Costs in New York<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-in-pennsylvania\/\" target=\"_blank\">Closing Costs in Pennsylvania<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-rhode-island\/\" target=\"_blank\">Closing Costs in Rhode Island<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-vermont\/\" target=\"_blank\">Closing Costs in Vermont<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-delaware\/\" target=\"_blank\">Closing Costs in Delaware<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-maine\/\" target=\"_blank\">Closing Costs in Maine<\/a><\/td>        <\/tr>\n            <tr data-row_id=\"7464\" class=\"ninja_table_row_1 nt_row_id_7464\">\n            <td><b>Midwest<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-illinois\/\" target=\"_blank\">Closing Costs in Illinois<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-indiana\/\" target=\"_blank\">Closing Costs in Indiana<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-iowa\/\" target=\"_blank\">Closing Costs in Iowa<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-kansas\/\" target=\"_blank\">Closing Costs in Kansas<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-michigan\/\" target=\"_blank\">Closing Costs in Michigan<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-mn\/\" target=\"_blank\">Closing Costs in Minnesota<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-missouri\/\" target=\"_blank\">Closing Costs in Missouri<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-nebraska\/\" target=\"_blank\">Closing Costs in Nebraska<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-north-dakota\/\" target=\"_blank\">Closing Costs in North Dakota<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-ohio\/\" target=\"_blank\">Closing Costs in Ohio<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-south-dakota\/\" target=\"_blank\">Closing Costs in South Dakota<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-wisconsin\/\" target=\"_blank\">Closing Costs in Wisconsin<\/a><\/td>        <\/tr>\n            <tr data-row_id=\"7463\" class=\"ninja_table_row_2 nt_row_id_7463\">\n            <td><b>South<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-in-alabama\/\" target=\"_blank\">Closing Costs in Alabama<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-arkansas\/\" target=\"_blank\">Closing Costs in Arkansas<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-florida\/\" target=\"_blank\">Closing Costs in Florida<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-georgia\/\" target=\"_blank\">Closing Costs in Georgia<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-kentucky\/\" target=\"_blank\">Closing Costs in Kentucky<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-louisiana\/\" target=\"_blank\">Closing Costs in Louisiana<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-md\/\" target=\"_blank\">Closing Costs in Maryland<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-mississippi\/\" target=\"_blank\">Closing Costs in Mississippi<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-north-carolina\/\" target=\"_blank\">Closing Costs in North Carolina<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-oklahoma\/\" target=\"_blank\">Closing Costs in Oklahoma<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-sc\/\" target=\"_blank\">Closing Costs in South Carolina<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-tn\/\" target=\"_blank\">Closing Costs in Tennessee<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-in-virginia\/\" target=\"_blank\"> Closing Costs in Virginia<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-texas\/\" target=\"_blank\">Closing Costs in Texas<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-district-of-columbia\/\" target=\"_blank\">Closing Costs in Washington, D.C.<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-west-virginia\/\" target=\"_blank\">Closing Costs in West Virginia<\/a><\/td>        <\/tr>\n            <tr data-row_id=\"7465\" class=\"ninja_table_row_3 nt_row_id_7465\">\n            <td><b>West<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-alaska\/\" target=\"_blank\">Closing Costs in Alaska<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-arizona\/\" target=\"_blank\">Closing Costs in Arizona<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-california\/\" target=\"_blank\">Closing Costs in California<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-colorado\/\" target=\"_blank\">v Colorado<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-hawaii\/\" target=\"_blank\">Closing Costs in Hawaii<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-idaho\/\" target=\"_blank\">Closing Costs in Idaho<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-in-montana\/\" target=\"_blank\">Closing Costs in Montana<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-nevada\/\" target=\"_blank\">Closing Costs in Nevada<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-new-mexico\/\" target=\"_blank\">Closing Costs in New Mexico<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-oregon\/\" target=\"_blank\">Closing Costs in Oregon<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-in-utah\/\" target=\"_blank\">Closing Costs in Utah<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-district-of-columbia\/\" target=\"_blank\">Closing Costs in Washington<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-wyoming\/\" target=\"_blank\">Closing Costs in Wyoming<\/a> <\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table>\n    \n    \n    \n<\/div>\n\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"who-pays-closing-cost\"><strong>Who Pays Closing Costs?<\/strong><\/h2>\n\n\n\n<p class=\"margin-top-15\">Both the seller and the buyer pay closing costs. Usually, the buyer pays most of the settlement costs. Nonetheless, they can negotiate these costs with the seller and the lender. <\/p>\n\n\n\n<p>Some sellers may offer to pay the closing costs to sell their home faster or persuade homebuyers to remove certain terms and contingencies from the contract. <\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\"><strong>Typical Closing Costs<\/strong><\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"seller\"><strong>Seller Closing Costs<\/strong><\/h3>\n\n\n\n<p>The estimated closing costs for sellers could reach up to 8% to 10% of the final sale price of the home, not including the mortgage payoff. The largest share of this (around 5% to 6%) goes toward the listing and buyer&#8217;s agent commissions.<\/p>\n\n\n\n<p>The remaining 3%-4% includes expenses like home inspection fee, HOA fee, estoppel fee, etc. Let&#8217;s take a deeper look at these!<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>1. Attorney&#8217;s Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Sellers usually hire real estate attorneys to review the sales contract. This is particularly true in cases where no real estate brokers are involved, or if there are any legal issues with the property. <\/p>\n\n\n\n<p>In most cases, the seller and buyer hire different attorneys to represent their best interests. If the seller and buyer hire the same attorney, the fee will be split.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"credits\"><strong>2. Credits Towards Closing Costs<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Sellers may offer to help buyers with closing costs to make their property more attractive, especially if they live in an area with low market competition. These are called closing credits or seller concessions. These are paid at closing.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"documentary\"><strong>3.<\/strong> <strong>Documentary Stamp<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The documentary stamp refers to the excise tax levied on the documentation that transfers the property from the seller to the buyer. It is like paying tax on a property deed or some other official documentation. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"escrow\"><strong>4. Escrow Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">An escrow is a neutral third party that holds certain funds or the property until the contract conditions have been met. It protects the interest of both parties by ensuring that either does not wrongfully back out of the deal and lose money. Typically, the escrow fee will be split between the seller and the buyer as both parties benefit from it.<\/p>\n\n\n\n<p><strong>\u00bb<\/strong> <strong><a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-escrow\/\" target=\"_blank\" rel=\"noreferrer noopener\">Escrow Meaning<\/a>:<\/strong> Learn more about what is an escrow and why it&#8217;s important<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"inspection\"><strong>5. Home Inspection Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The seller can opt for a home inspection to identify any major defects and issues they may have to resolve before selling it. These can be plumbing issues, water damage, mold, appliance malfunction, etc. A home inspection can be done before the property is listed on the market (pre-inspection) or just before the closing. <\/p>\n\n\n\n<p>In some states, disclosing any current defects in the property is mandatory. In addition to this, some states also ask for information about any major damages that have been repaired.<\/p>\n\n\n\n<p>The buyer can also undertake a home inspection. However, if they find undisclosed defects, it might give them the upper hand during negotiations. They may back out of the deal.  <\/p>\n\n\n\n<p><strong>\u00bb<\/strong> <strong><a   href=\"https:\/\/www.houzeo.com\/blog\/home-inspectors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Home Inspectors<\/a>:<\/strong> Check out our rankings of the best home inspectors in the country<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"warranty\"><strong>6. Home Warranty Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A home warranty covers the maintenance cost of the devices and appliances in the house for a limited time period, like, days, months, or years. The seller may offer a <a   href=\"https:\/\/www.houzeo.com\/blog\/home-warranty-cost\/\" target=\"_blank\" rel=\"noreferrer noopener\">home warranty<\/a> to make the property more desirable for buyers.<\/p>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"document\"><strong>7. Homeowner Association (HOA) Fee\/ Document Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">If the seller is part of the Homeowners Association (HOA), they pay the organization an annual or monthly fee for their services. The HOA fee is used to maintain and improve common and communal areas, like swimming pools and clubhouses, which fall under its purview. At the time of closing, the seller will have to pay the fee due until the closing date and clear the remaining dues, if any.<gwmw style=\"display:none;\"><\/gwmw><\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"estoppel\"><strong>8. HOA Estoppel Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The HOA Estoppel letter is a legally binding document containing details about the financial obligation that the buyer will have to fulfill after closing. It offers information about the monthly or annual HOA fee the buyer will have to pay and any unresolved dues owed by the seller.<\/p>\n\n\n\n<p>The HOA Estoppel fee needs to be paid by the seller as part of the process. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"hoa-transfer\"><strong>9. Homeowners Association Transfer Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The Homeowner Association Transfer Fee is the cost of transferring ownership of a house from the seller to the buyer in the HOA records. It is a one-time non-negotiable fee. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"Mortgage-Payoff\"><strong>10. Mortgage Payoff <\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Mortgage payoff will most likely be one of the biggest items on the seller&#8217;s list of fees. The seller must pay off any remaining balance of the mortgage on their property with the proceeds of the home sale at closing. <\/p>\n\n\n\n<p class=\"margin-top-15\">This includes interest accrued from the last payment to the day of closing, and any penalty that the lender may charge for prepayment of the mortgage.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"lien\"><strong>11. Municipal Lien Search<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A Municipal Lien Search helps uncover any unrecorded liens, code violations, permits, taxes, and utility bills, associated with the property. Many sellers choose to forego a municipal lien search as they undertake a title search. <\/p>\n\n\n\n<p class=\"margin-top-15\">However, since a municipal lien search offers additional information about open or expired permits, it can help cover all bases. An open or expired permit can be a thorn in the side for both the seller and buyer as it can lead to further expenses and delays in the sale.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"owner\"><strong>12. Owner&#8217;s Title Insurance<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-title-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">title insurance<\/a> cost is based on the property value and is decided by the state. The seller primarily pays for the owner\u2019s title insurance. It protects the buyer against discrepancies relating to the ownership of the property or false documentation. Additionally, title insurance takes care of any back taxes, liens, ownership clauses, etc. <\/p>\n\n\n\n<p>Both parties can negotiate who purchases the <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-owners-title-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">owner\u2019s title insurance<\/a>.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"property-tax\"><strong>13. Property Taxes<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The owner of the house has to pay property tax amounting to 1.1% of the home value to the local government. It can be paid annually or at the time of the real estate transaction. The seller must pay prorated property tax according to the date of purchase at closing. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"commission\"><strong>14. Real Estate Agent Commission<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A significant amount of the <a   href=\"https:\/\/www.houzeo.com\/blog\/disadvantages-of-seller-paying-closing-costs\/\" target=\"_blank\" rel=\"noreferrer noopener\">seller paying closing costs<\/a> go towards Realtor commissions, 5%-6% of the sales price. This is why the closing costs for the seller draw a higher percentage than closing costs for buyers.  <\/p>\n\n\n\n<p>An important thing to note is that the seller pays commission to the listing agent as well as the buyer&#8217;s agent. Listing agent commission is crucial for wide exposure of the property in the home selling market. Likewise, the buyer agent commission is required to attract potential represented buyers.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"settlement-agent\"><strong>15. Settlement Fee\/Escrow Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Settlement fee is the compensation paid to a settlement agent for their closing services. A settlement agent is a third-party intermediary who helps the seller and buyer complete the transaction by clearing the house for sale and transferring ownership to the buyer and the respective funds to the seller. <\/p>\n\n\n\n<p>Depending on the state laws, the settlement agent could be a title company, an escrow company, or an attorney. In 21 U.S. states and the District of Columbia, it is mandatory for an attorney to be a part of the deal closure.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"utility\"><strong>16. Utility Bills<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The seller must pay all utility bills till the date of purchase of the house. The title company usually checks for unpaid bills and utility liens. If there are any dues, the seller must clear them at closing.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>Closing Costs for Sellers Near You<\/strong><\/h3>\n\n\n<div id=\"footable_parent_111878\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <table data-ninja_table_instance=\"ninja_table_instance_1\" data-footable_id=\"111878\" data-filter-delay=\"1000\" aria-label=\"Seller Closing Costs- states and cities\"            id=\"footable_111878\"\n           data-unique_identifier=\"ninja_table_unique_id_1808534412_111878\"\n           class=\" foo-table ninja_footable foo_table_111878 ninja_table_unique_id_1808534412_111878 ui table  ninja_search_right nt_type_legacy_table celled vertical_centered  footable-paging-right ninja_table_search_disabled ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_region \">Region<\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_states \">Closing Costs for Sellers<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"6043\" class=\"ninja_table_row_0 nt_row_id_6043\">\n            <td><b>Northeast<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-connecticut\/\" target=\"_blank\">Seller Closing Costs Connecticut<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-massachusetts\/\" target=\"_blank\">Seller Closing Costs Massachusetts<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-new-hampshire\/\" target=\"_blank\">Seller Closing Costs New Hampshire<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-in-new-jersey\/\" target=\"_blank\">Seller Closing Costs New Jersey<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-new-york\/\" target=\"_blank\">Seller Closing Costs New York<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-in-pennsylvania\/\" target=\"_blank\">Seller Closing Costs Pennsylvania<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-rhode-island\/\" target=\"_blank\">Seller Closing Costs Rhode Island<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-vermont\/\" target=\"_blank\">Seller Closing Costs Vermont<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-delaware\/\" target=\"_blank\">Seller Closing Costs Delaware<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-in-maine\/\" target=\"_blank\">Seller Closing Costs Maine<\/a><\/td>        <\/tr>\n            <tr data-row_id=\"6048\" class=\"ninja_table_row_1 nt_row_id_6048\">\n            <td><b>Midwest<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-in-illinois\/\" target=\"_blank\">Seller Closing Costs Illinois<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-in-indiana\/\" target=\"_blank\">Seller Closing Costs Indiana<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-iowa\/\" target=\"_blank\">Seller Closing Costs Iowa<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-kansas\/\" target=\"_blank\">Seller Closing Costs Kansas<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/sellers-closing-costs-in-michigan\/\" target=\"_blank\">Seller Closing Costs Michigan<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-in-minnesota\/\" target=\"_blank\">Seller Closing Costs Minnesota<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-in-missouri\/\" target=\"_blank\">Seller Closing Costs Missouri<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-nebraska\/\" target=\"_blank\">Seller Closing Costs Nebraska<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-in-north-dakota\/\" target=\"_blank\">Seller Closing Costs North Dakota<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-ohio\/\" target=\"_blank\">Seller Closing Costs Ohio<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-south-dakota\/\" target=\"_blank\">Seller Closing Costs South Dakota<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-wisconsin\/\" target=\"_blank\">Seller Closing Costs Wisconsin<\/a><\/td>        <\/tr>\n            <tr data-row_id=\"6047\" class=\"ninja_table_row_2 nt_row_id_6047\">\n            <td><b>South<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-for-seller-in-alabama\/\" target=\"_blank\">Seller Closing Costs Alabama<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-arkansas\/\" target=\"_blank\">Seller Closing Costs Arkansas<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-florida\/\" target=\"_blank\">Seller Closing Costs Florida<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-georgia\/\" target=\"_blank\">Seller Closing Costs Georgia<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-kentucky\/\" target=\"_blank\">Seller Closing Costs Kentucky<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-louisiana\/\" target=\"_blank\">Seller Closing Costs Louisiana<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-maryland\/\" target=\"_blank\">Seller Closing Costs Maryland<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-mississippi\/\" target=\"_blank\">Seller Closing Costs Mississippi<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-north-carolina\/\" target=\"_blank\">Seller Closing Costs North Carolina<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-oklahoma\/\" target=\"_blank\">Seller Closing Costs Oklahoma<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-in-south-carolina\/\" target=\"_blank\">Seller Closing Costs South Carolina<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-tennessee\/\" target=\"_blank\">Seller Closing Costs Tennessee<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-in-virginia\/\" target=\"_blank\">Seller Closing Costs Virginia<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-texas\/\" target=\"_blank\">Seller Closing Costs Texas<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-dc\/\" target=\"_blank\">Seller Closing Costs Washington D.C.<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-west-virginia\/\" target=\"_blank\">Seller Closing Costs West Virginia<\/a> <\/td>        <\/tr>\n            <tr data-row_id=\"6049\" class=\"ninja_table_row_3 nt_row_id_6049\">\n            <td><b>West<\/b><\/td><td><a href =\"https:\/\/www.houzeo.com\/blog\/closing-costs-for-seller-in-alaska\/\"target=\"_blank\">Seller Closing Costs Alaska<\/a> | <a href =\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-in-arizona\/\"target=\"_blank\">Seller Closing Costs Arizona<\/a> | <a href =\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-california\/\"target=\"_blank\">Seller Closing Costs California<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/sellers-closing-costs-in-colorado\/\" target=\"_blank\">Seller Closing Costs Colorado<\/a> | <a href =\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-hawaii\/\"target=\"_blank\">Seller Closing Costs Hawaii<\/a> | <a href =\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-in-idaho\/\" target=\"_blank\">Seller Closing Costs Idaho<\/a> | <a href =\"https:\/\/www.houzeo.com\/blog\/closing-costs-in-montana\/\" target=\"_blank\">Seller Closing Costs Montana<\/a> | <a href =\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-nevada\/\" target=\"_blank\">Seller Closing Costs Nevada<\/a> | <a href =\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-new-mexico\/\" target=\"_blank\">Seller Closing Costs New Mexico | <a href =\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-oregon\/\" target=\"_blank\">Seller Closing Costs Oregon | <a href =\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-utah\/\" target=\"_blank\">Seller Closing Costs Utah |<a href =\"https:\/\/www.houzeo.com\/blog\/seller-closing-costs-washington-state\/\" target=\"_blank\">Seller Closing Costs Washington<\/a> | <a href =\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-seller-in-wyoming\/\"target=\"_blank\">Seller Closing Costs Wyoming<\/a> <\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table>\n    \n    \n    \n<\/div>\n\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"buyer\"><strong>Buyer Closing Costs<\/strong><\/h3>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"application-fee\"><strong>1. Application Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Some mortgage lenders charge buyers an upfront non-refundable fee when they submit their loan application. The application fee varies for different lenders. Some lenders may treat the application fee as a deposit towards closing costs, while others may charge it as a separate fee. <\/p>\n\n\n\n<p class=\"margin-top-15\">Please note that only some lenders charge a loan application fee.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"appraisal\"><strong>2. Appraisal Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Home appraisal is the process by which an appraiser determines the fair market value of a house based on various factors. Some of these factors are the location of the house, its condition, size, and structural age. <\/p>\n\n\n\n<p class=\"margin-top-15\">An appraiser is a licensed professional. The appraisal report determines the loan amount the lender may grant the buyer. <\/p>\n\n\n\n<p>Buyer real estate agents often include an appraisal contingency clause in the sales contract, especially if the buyer needs a mortgage. This allows the buyers to walk away with their deposit if the appraised home value does not match the agreed-upon price.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"attorney\"><strong>3. Attorney Fees<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A real estate attorney is licensed to practice real estate law. They draft and review the purchase agreement and transfer of title on behalf of the lender. They also offer advice on negotiations. Buyers usually hire attorneys when there is a complex or unusual transaction involved. <\/p>\n\n\n\n<p>Some situations that may warrant hiring an attorney are joint ownership of the house, private loans from family or friends, the presence of easements on the property, or difficulty in understanding the contract.    <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"closing\"><strong>4. Closing Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Closing fee is paid to the <a   href=\"#settlement-agent\" target=\"_blank\" rel=\"noreferrer noopener\">settlement agent<\/a>. The settlement agent involved in closing depends on the law in the state where the property is located. As mentioned above, in some states an attorney is required to be a part of the closing by law. Usually, this cost is split between the buyer and the seller.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"courier\"><strong>5. Courier Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The courier fee covers the cost of sending the documents to various parties. It is paid for by the buyer.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"reporting\"><strong>6. Credit Reporting Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A credit report is a statement of an individual&#8217;s credit accounts, i.e., how they pay their bills and loans, information about their debts, and more. Credit reporting fee is the cost of obtaining a credit report. <\/p>\n\n\n\n<p class=\"margin-top-15\">The lender uses the buyer&#8217;s credit report to estimate their ability to pay back the mortgage and the risk involved in approving the loan.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"points\"><strong>7. Discount Points\/Mortgage Points<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Discount points are a way for the buyer to lower their interest rate by paying some money upfront. This is called &#8220;buying down the interest rate.&#8221; A lower interest rate means a reduced monthly payment. <\/p>\n\n\n\n<p>Buyers can purchase one discount point for a fee of 1% of the mortgage amount. Typically, lenders slash the interest rate by 0.25% for every discount point. However, there is not a fixed amount. The lender may decide on the effect of the discount points based on the type of loan and prevailing mortgage rates.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"flood\"><strong>8. Flood Certification Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The lender requires a flood certification if the property the buyer intends to purchase is in or around a flood zone, according to maps by FEMA (Federal Emergency Management Agency). The lender uses this report to determine if special flood insurance is required.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"homeowners-insurance\"><strong>9. Homeowner&#8217;s Insurance<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Most lenders require the buyer to purchase homeowner insurance with full coverage before they finance the loan. Homeowner&#8217;s insurance premiums are usually a part of the mortgage escrow accounts.  <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"lead\"><strong>10. Lead-based Paint Inspection<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The U.S. Government banned the use of lead-based paint in 1978 owing to hazardous exposure of lead to children. The buyer must get a lead-based paint inspection if they are purchasing a house built before 1978.<\/p>\n\n\n\n<p>The cost of the inspection varies according to the size and location of the property. Water and soil testing warrant extra charges.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"lender\"><strong>11. Lender&#8217;s Title Insurance<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Apart from homeowners insurance, many lenders also require the buyer to purchase a <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-lenders-title-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">lender&#8217;s title insurance<\/a>. It protects the lender against loss over potential legal claims over the house or if the seller cannot rightfully transfer the ownership of the house. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"origination\"><strong>12. Loan Origination Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A loan origination fee is an upfront fee charged by the mortgage lender to execute the loan. It is usually set before the loan is processed. Buyers can negotiate this fee with the lender. However, in some cases, it may lead to a higher interest rate on the loan.<\/p>\n\n\n\n<p>\u00bb <strong>Also Read:<\/strong> <a   href=\"https:\/\/www.houzeo.com\/blog\/mortgage-origination-fee\/\" target=\"_blank\" rel=\"noreferrer noopener\">Know the Details of Mortgage Origination Fees<\/a><br><br><\/p>\n\n\n    <div class=\"addingPreApprovalWidget\">\n        <div class=\"preApprovalBox\">\n            <div class=\"preFirstBlock\">\n                <div class=\"preApply\">\n                    <div class=\"preSecond preCom noSidebar\">\n                        <div class=\"preApprovalBlock\">\n                            <p class=\"preHeader\">\ud83d\udcb2How Much Loan Can You Afford?<\/p>\n                            <p>Select Your Loan Type <\/p>\n                            <ul class=\"preApprovalType\">\n                                <li class=\"processList\" name=\"1\">\n                                    <input type=\"radio\" class=\"inputSelect\" value=\"1\" aria-label=\"Select\">\n                                    <div class=\"purchase\">\n                                        <span class=\"purchaseSpan\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/preApproval\/new-home-purchase.svg\" class=\"prestatus1\" alt=\"new-purchase\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blue-icons\/new-home-purchase-activeHColor.svg\" class=\"prestatus2\" alt=\"active\">\n                                        <\/span>\n                                        <span class=\"preApproveText\">New Home Purchase<\/span>\n                                    <\/div>\n                                <\/li>\n                                <li class=\"processList\" name=\"2\">\n                                    <input type=\"radio\" class=\"inputSelect\" value=\"2\" aria-label=\"Select\">\n                                    <div class=\"purchase\">\n                                        <span class=\"purchaseSpan\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/preApproval\/mortgage.svg\" class=\"prestatus1\" alt=\"new-purchase\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blue-icons\/mortgage-activeHColor.svg\" class=\"prestatus2\" alt=\"active\">\n                                        <\/span>\n                                        <span class=\"preApproveText\">Mortgage Refinance<\/span>\n                                    <\/div>\n                                <\/li>\n                                <li class=\"processList\" name=\"3\">\n                                    <input type=\"radio\" class=\"inputSelect\" value=\"3\" aria-label=\"Select\">\n                                    <div class=\"purchase\">\n                                        <span class=\"purchaseSpan\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/preApproval\/cashout.svg\" class=\"prestatus1\" alt=\"new-purchase\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blue-icons\/cashout-activeHColor.svg\" class=\"prestatus2\" alt=\"active\">\n                                        <\/span>\n                                        <span class=\"preApproveText\">Cash-out Refinance<\/span>\n                                    <\/div>\n                                <\/li>\n                                <li class=\"borderDiv addBorderDiv\"><\/li>\n                            <\/ul>\n                            <div class=\"preApprovalErrorDiv\">\n                                <span class=\"preApprovalError\">Please select a loan type first<\/span>\n                            <\/div>\n                            <div class=\"cashType\">\n                                                                <span class=\"helpedText\" >\u26a1With Houzeo, you can start your home-buying journey in less than 2 minutes.<\/span>\n                            <\/div>\n                            <div class=\"startBtn\">\n                                <button class=\"firstCta\">Apply Now<span class=\"arrowContinue\"><\/span><\/button>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n    <script>\n        document.addEventListener(\"DOMContentLoaded\", function() {        \n            var preApproveWidgetAssetsLoaded = window.preApproveWidgetAssetsLoaded || false;\n            if(window.screen.width > 768){\n                console.log('mouse');\n                window.preApproveJsLoadfn = window.preApproveJsLoadfn || function() {\n                    console.log('mouse 1');\n                    if (!preApproveWidgetAssetsLoaded) {\n                        console.log('preApproveWidgetAssetsLoaded');\n                        preApproveWidgetAssetsLoaded = true;\n                        loadScript('\/blog\/wp-content\/plugins\/pre-approval-widget\/pre-approval-widget.js');\n                        document.removeEventListener('mousemove', window.preApproveJsLoadfn); \/\/ Remove the event listener\n                    }\n                }\t\n                document.addEventListener('mousemove', window.preApproveJsLoadfn);\n            }else{\n                window.preApproveJsLoadfn = window.preApproveJsLoadfn || function() {\n                    if (!preApproveWidgetAssetsLoaded) {\n                        preApproveWidgetAssetsLoaded = true;\n                        loadScript('\/blog\/wp-content\/plugins\/pre-approval-widget\/pre-approval-widget.js');\n                        document.removeEventListener('touchstart', window.preApproveJsLoadfn); \/\/ Remove the event listener\n                    }\n                }\t\n                document.addEventListener('touchstart', window.preApproveJsLoadfn);\n            }\n        });        \n    <\/script>\n    \n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"funds\"><strong>13. Mortgage Escrow Account\/ Impound Account<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The mortgage lender reserves a part of the buyer&#8217;s monthly mortgage payments in an escrow or impound account. This money is used to pay the property tax and homeowners insurance premiums. The mortgage escrow account is managed by a mortgage servicer who makes the payments on the buyer&#8217;s behalf.     <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"pmi\"><strong>14. Private Mortgage Insurance<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The lender takes a certain amount of risk when they issue a loan. Private mortgage insurance (PMI) is a policy that lowers this risk by protecting them against default on home loans.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-custom-accordion custom-accordion\">\n<div class=\"wp-block-custom-accordion-item accordion-item\"><button class=\"accordion-header\"><span class=\"accordion-title\">What type of mortgage insurance do buyers pay based on their loan type?<\/span><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" class=\"accordion-icon\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/flat-fee-mls\/faqArrow.svg\" alt=\"toggle\"\/><\/button><div class=\"accordion-content\">\n<p>The mortgage insurance a buyer must pay depends on the type of loan they take.<\/p>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>Conventional Loan<\/strong><\/h4>\n\n\n\n<p>A conventional loan is a type of loan that is not insured by the government or any federal agency. The minimum credit score required for a conventional loan is 620, and the <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-the-average-down-payment-on-a-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">average down payment on a house<\/a> for a conventional loan is 3%. However, buyers with a low credit score and higher debt-to-income ratio may be required to pay an elevated minimum down payment.<\/p>\n\n\n\n<p>Lenders require buyers to pay PMI for conventional loans when they make a down payment of less than 20%. The average rate of PMI for conventional loans ranges from <a   href=\"https:\/\/www.nerdwallet.com\/article\/mortgages\/pmi-calculator\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">0.5% &#8211; 1.86%<\/a> of the original loan amount. Buyers can choose to pay the full PMI or a part of it upfront to lower their monthly mortgage payments.<\/p>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>FHA Loan<\/strong><\/h4>\n\n\n\n<p>FHA loans are designed to help moderate-income buyers with lower credit scores become homeowners. It is insured by the Federal Housing Administration (FHA). It allows for a lower minimum down payment and has less-restrictive credit score requirements than conventional loans.<\/p>\n\n\n\n<p>An FHA loan warrants a down payment of 3.5% for buyers with a credit score of 580. Buyers with a credit score of 500-579 can also secure an FHA loan. However, they have to make a down payment of 10%<\/p>\n\n\n\n<p>All FHA loans require mortgage insurance. The buyer is required to pay an upfront premium and additional annual payment. The amount of these payments is decided according to the size of the loan.<\/p>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>VA Loan<\/strong><\/h4>\n\n\n\n<p>VA loans are exclusively for active-duty members, veterans, and, in some cases, surviving family members. It is guaranteed by the U.S. Department of Veterans Affairs (VA). These types of loans do not have a minimum credit score requirement. Hence, most mortgage lenders set their own minimum requirements.<\/p>\n\n\n\n<p>Buyers opting for VA loans do not require mortgage insurance. However, they have to pay a <a   href=\"#funding\">VA funding fee<\/a>.<\/p>\n\n\n\n<p><strong>\u00bb <a   href=\"https:\/\/www.houzeo.com\/blog\/va-loan-termite-inspection\/\" target=\"_blank\" rel=\"noreferrer noopener\">VA Jumbo Loan<\/a>: <\/strong>Read to Know more.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"pest\"><strong>15. Pest Inspection Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A pest inspection is usually done if the home inspector or appraiser observes structural damage due to pest infestation. Some lenders require an official report of the inspection. <\/p>\n\n\n\n<p class=\"margin-top-15\">In more than 31 U.S. states, a pest inspection is required before a VA loan can be closed. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"prepaid-daily\"><strong>16. Prepaid Daily Interest Charges<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The monthly mortgage payment is due on the 1st of every month, starting 30 days after closing. However, the interest on the mortgage starts accumulating from the day of closing itself. The buyer must pay the accrued interest from the closing day to the first mortgage payment as closing expenses. These are called prepaid daily interest charges.<\/p>\n\n\n\n<p> So, for instance, if a buyer purchases a house on the 4th June, their first mortgage payment will be due on the 1st August. They have to pay the accrued interest on the loan from 4th June to 31st July at the time of closing.    <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>17. Property Tax<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">As mentioned earlier, property tax is levied by the local government on homeowners for services like public schools, police, garbage collection, etc. The amount of property tax is based on the market value of the house. <\/p>\n\n\n\n<p>Lenders may require buyers to pay one year&#8217;s worth of property tax in advance at closing. These funds are usually paid via a mortgage escrow account.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"lock\"><strong>18. Rate Lock Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A rate lock fee is the cost of fixing the mortgage interest rate at a specific price for a set period. This keeps the buyer safe from market fluctuations.  <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"recording\"><strong>19. Recording Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A recording fee is paid to the local government to register the change in ownership of a house or sale of a property in the public record. It also records mortgages and other liens against the house. Recording fee is usually charged by the county.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"survey\"><strong>20. Survey Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A survey fee is the compensation paid to a professional surveyor who creates a drawing of the property. The drawing highlights property boundaries, <a   href=\"https:\/\/www.houzeo.com\/blog\/easement\/\" target=\"_blank\" rel=\"noreferrer noopener\">easements<\/a>, improvements, and the physical features of the land, like home elevation, etc. It gives buyers a better idea of the property they are buying in a legal and official capacity.<\/p>\n\n\n\n<p> The survey fee depends on factors like the dimensions of the property, its terrain, and accessibility.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"monitoring\"><strong>21. Tax Monitoring\/Tax Status Research Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A tax monitoring fee is paid to a tax service agency that monitors if the buyer is paying the property tax on time. The tax service agency alerts the lender in case the buyer defaults. It is also sometimes referred to as tax service fee.<\/p>\n\n\n\n<p>Lenders opt for tax monitoring to prevent tax liens and protect their access to the property.   <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"title\"><strong>22. Title Search Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Title search is the process of examining public records like <a   href=\"https:\/\/www.houzeo.com\/blog\/warranty-deed\/\" target=\"_blank\" rel=\"noreferrer noopener\">deeds<\/a>, tax liens, land records, court judgments, etc., to determine a property&#8217;s legal ownership. The title search helps determine any liens or claims on the property that the seller may also be unaware of. <\/p>\n\n\n\n<p>The fee for this procedure is called the title fee.   <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"transfer\"><strong>23. Transfer Tax<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Transfer tax is levied to transfer ownership of the house from the seller to the owner. The tax amount is based on the value of the property. It may be imposed by the municipality, county, or state. <\/p>\n\n\n\n<p class=\"margin-top-15\">Depending on the negotiations, the transfer tax can be paid by either seller or buyer. In some cases, the tax is split between the parties.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"underwriting\"><strong>24. Underwriting Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Underwriting fee is charged by mortgage underwriters to evaluate and verify loan applications. It is a non-recurring fee. Some lenders charge it in place of the originating fee, while others charge it in addition to the same.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\" id=\"funding\"><strong>25. VA Funding Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The VA funding fee is a one-time fee paid to the Department of Veteran Affairs (VA) that runs the VA loan program. The VA fee a buyer has to pay depends on the down payment they make for a property. Buyers who make a down payment of less than 5% have to pay a VA fee of 2.3%  for their first home and 3.6% on any subsequent homes.  <\/p>\n\n\n<div id=\"footable_parent_114304\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <table data-ninja_table_instance=\"ninja_table_instance_2\" data-footable_id=\"114304\" data-filter-delay=\"1000\" aria-label=\"VA Funding Fee closing costs\"            id=\"footable_114304\"\n           data-unique_identifier=\"ninja_table_unique_id_1673602196_114304\"\n           class=\" foo-table ninja_footable foo_table_114304 ninja_table_unique_id_1673602196_114304 ui table  nt_type_legacy_table selectable striped vertical_centered  footable-paging-right ninja_table_search_disabled ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_down_payment \">Down Payment<\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_va_loan_fee_for_1st_home \">VA Fee for 1st Loan <\/th><th scope=\"col\"  class=\"ninja_column_2 ninja_clmn_nm_va_loan_fee_for_subsequent_homes \">VA Fee for Subsequent Loans<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"6188\" class=\"ninja_table_row_0 nt_row_id_6188\">\n            <td>Less than 5%<\/td><td>2.3%<\/td><td>3.6%<\/td>        <\/tr>\n            <tr data-row_id=\"6189\" class=\"ninja_table_row_1 nt_row_id_6189\">\n            <td>5% or more<\/td><td>1.65%<\/td><td>1.65%<\/td>        <\/tr>\n            <tr data-row_id=\"6190\" class=\"ninja_table_row_2 nt_row_id_6190\">\n            <td>10% or more<\/td><td>1.4%<\/td><td>1.4%<\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table>\n    \n    \n    \n<\/div>\n\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>Closing Costs for Buyers Near You <\/strong><\/h3>\n\n\n<div id=\"footable_parent_112394\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <table data-ninja_table_instance=\"ninja_table_instance_3\" data-footable_id=\"112394\" data-filter-delay=\"1000\" aria-label=\"Buyers Closing Costs- states and cities\"            id=\"footable_112394\"\n           data-unique_identifier=\"ninja_table_unique_id_4016092039_112394\"\n           class=\" foo-table ninja_footable foo_table_112394 ninja_table_unique_id_4016092039_112394 ui table  ninja_search_right nt_type_legacy_table celled vertical_centered  footable-paging-right ninja_table_search_disabled ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_region \">Region<\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_for_buyers \">Closing Costs for Buyers<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"6061\" class=\"ninja_table_row_0 nt_row_id_6061\">\n            <td><b>Northeast<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-connecticut\/\" target=\"_blank\">Connecticut<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-massachusetts\/\" target=\"_blank\">Massachusetts<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-new-hampshire\/\" target=\"_blank\">New Hampshire<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-nj\/\" target=\"_blank\">New Jersey<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-new-york\/\" target=\"_blank\">New York<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-pennsylvania\/\" target=\"_blank\">Pennsylvania<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-rhode-island\/\" target=\"_blank\">Rhode Island<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-vermont\/\" target=\"_blank\">Vermont<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-delaware\/\" target=\"_blank\">Delaware<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-maine\/\" target=\"_blank\">Maine<\/a><\/td>        <\/tr>\n            <tr data-row_id=\"6066\" class=\"ninja_table_row_1 nt_row_id_6066\">\n            <td><b>Midwest<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-illinois\/\" target=\"_blank\">Illinois<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-indiana\/\" target=\"_blank\">Indiana<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-iowa\/\" target=\"_blank\">Iowa<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-kansas\/\" target=\"_blank\">Kansas<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-michigan\/\" target=\"_blank\">Michigan<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-minnesota\/\" target=\"_blank\">Minnesota<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-missouri\/\" target=\"_blank\">Missouri<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-nebraska\/\" target=\"_blank\">Nebraska<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-north-dakota\/\" target=\"_blank\">North Dakota<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-ohio\/\" target=\"_blank\">Ohio<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-south-dakota\/\" target=\"_blank\">South Dakota<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-wisconsin\/\" target=\"_blank\">Wisconsin<\/a><\/td>        <\/tr>\n            <tr data-row_id=\"6065\" class=\"ninja_table_row_2 nt_row_id_6065\">\n            <td><b>South<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-alabama\/\" target=\"_blank\">Alabama<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-arkansas\/\" target=\"_blank\">Arkansas<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-florida\/\" target=\"_blank\">Florida<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-georgia\/\" target=\"_blank\">Georgia<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-kentucky\/\" target=\"_blank\">Kentucky<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-louisiana\/\" target=\"_blank\">Louisiana<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-maryland\/\" target=\"_blank\">Maryland<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-mississippi\/\" target=\"_blank\">Mississippi<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-nc\/\" target=\"_blank\">North Carolina | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-oklahoma\/\" target=\"_blank\">Oklahoma<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-south-carolina\/\" target=\"_blank\">South Carolina<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-tennessee\/\" target=\"_blank\">Tennessee<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-virginia\/\" target=\"_blank\">Virginia<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-texas\/\" target=\"_blank\">Texas<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-district-of-columbia\/\" target=\"_blank\">Washington D.C. <\/a>| <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-west-virginia\/\" target=\"_blank\">West Virginia<\/a><\/td>        <\/tr>\n            <tr data-row_id=\"6067\" class=\"ninja_table_row_3 nt_row_id_6067\">\n            <td><b>West<\/b><\/td><td><a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-alaska\/\" target=\"_blank\">Alaska<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-arizona\/\" target=\"_blank\">Arizona<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-california\/\" target=\"_blank\">California<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-colorado\/\" target=\"_blank\">Colorado<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-hawaii\/\" target=\"_blank\">Hawaii<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-idaho\/\" target=\"_blank\">Idaho<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-montana\/\" target=\"_blank\">Montana<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-nevada\/\" target=\"_blank\">Nevada<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-new-mexico\/\" target=\"_blank\">New Mexico<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-oregon\/\" target=\"_blank\">Oregon<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-utah\/\" target=\"_blank\">Utah<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-washington\/\" target=\"_blank\">Washington<\/a> | <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer-in-wyoming\/\" target=\"_blank\">Wyoming<\/a><\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table>\n    \n    \n    \n<\/div>\n\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"average\"><strong>Average Closing Costs<\/strong><\/h2>\n\n\n<div id=\"footable_parent_112405\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <table data-ninja_table_instance=\"ninja_table_instance_4\" data-footable_id=\"112405\" data-filter-delay=\"1000\" aria-label=\"Average Closing Costs\"            id=\"footable_112405\"\n           data-unique_identifier=\"ninja_table_unique_id_195306697_112405\"\n           class=\" foo-table ninja_footable foo_table_112405 ninja_table_unique_id_195306697_112405 ui table  nt_type_legacy_table selectable striped vertical_centered  footable-paging-right ninja_table_search_disabled ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_closing_cost \">Closing Cost<\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_for_sellers \">For Sellers <\/th><th scope=\"col\"  class=\"ninja_column_2 ninja_clmn_nm_for_buyers \">For Buyers<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"6105\" class=\"ninja_table_row_0 nt_row_id_6105\">\n            <td><a href=\"#application-fee\">Application Fee<\/a><\/td><td>-<\/td><td>$300-$500<\/td>        <\/tr>\n            <tr data-row_id=\"6106\" class=\"ninja_table_row_1 nt_row_id_6106\">\n            <td><a href=\"#appraisal\">Appraisal Fee<\/a><\/td><td>-<\/td><td>$300-$450<\/td>        <\/tr>\n            <tr data-row_id=\"6107\" class=\"ninja_table_row_2 nt_row_id_6107\">\n            <td><a href=\"#attorney\">Attorney's Fee<\/a><\/td><td>$150-$400 per hour<\/td><td>$150-$400 per hour<\/td>        <\/tr>\n            <tr data-row_id=\"6127\" class=\"ninja_table_row_3 nt_row_id_6127\">\n            <td><a href=\"#courier\">Courier Fee<\/a><\/td><td>-<\/td><td>Varies according to location <\/td>        <\/tr>\n            <tr data-row_id=\"6108\" class=\"ninja_table_row_4 nt_row_id_6108\">\n            <td><a href=\"#reporting\">Credit Reporting Fee<\/a><\/td><td>-<\/td><td>$30<\/td>        <\/tr>\n            <tr data-row_id=\"6091\" class=\"ninja_table_row_5 nt_row_id_6091\">\n            <td><a href=\"#credits\">Credits Towards Closing Costs<\/a><\/td><td>Varies according to negotiation<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6109\" class=\"ninja_table_row_6 nt_row_id_6109\">\n            <td><a href=\"#points\">Discount Points\/Mortgage Points<\/a><\/td><td>-<\/td><td>1% for 1 discount point<\/td>        <\/tr>\n            <tr data-row_id=\"6092\" class=\"ninja_table_row_7 nt_row_id_6092\">\n            <td><a href=\"#documentary\">Documentary Stamp<\/a><\/td><td>$1.50 per $1000 of sales price<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6093\" class=\"ninja_table_row_8 nt_row_id_6093\">\n            <td><a href=\"#escrow\">Escrow Fee<\/a><\/td><td>1%-2% of sales price<\/td><td><\/td>        <\/tr>\n            <tr data-row_id=\"6256\" class=\"ninja_table_row_9 nt_row_id_6256\">\n            <td><a href=\"#fha\">FHA Mortgage Insurance<\/a><\/td><td>-<\/td><td>Varies according to loan amount<\/td>        <\/tr>\n            <tr data-row_id=\"6111\" class=\"ninja_table_row_10 nt_row_id_6111\">\n            <td><a href=\"#flood\">Flood Certification Fee<\/a><\/td><td>-<\/td><td>$15-$25<\/td>        <\/tr>\n            <tr data-row_id=\"6094\" class=\"ninja_table_row_11 nt_row_id_6094\">\n            <td><a href=\"#inspection\">Home Inspection Fee<\/a><\/td><td>$300-$500<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6128\" class=\"ninja_table_row_12 nt_row_id_6128\">\n            <td><a href=\"#homeowners-insurance\">Homeowner's Insurance<\/a><\/td><td>-<\/td><td>$149 per month<\/td>        <\/tr>\n            <tr data-row_id=\"6095\" class=\"ninja_table_row_13 nt_row_id_6095\">\n            <td><a href=\"#warranty\">Home Warranty Fee<\/a><\/td><td>$300-$600<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6096\" class=\"ninja_table_row_14 nt_row_id_6096\">\n            <td><a href=\"#document\">HOA Fee\/ Document Fee<\/a><\/td><td>$200-$300<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6097\" class=\"ninja_table_row_15 nt_row_id_6097\">\n            <td><a href=\"#estoppel\">HOA Estoppel Fee<\/a><\/td><td>$100-$250<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6112\" class=\"ninja_table_row_16 nt_row_id_6112\">\n            <td><a href=\"#hoa-transfer\">HOA Transfer Fee<\/a><\/td><td>$200-$250<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6115\" class=\"ninja_table_row_17 nt_row_id_6115\">\n            <td><a href=\"#lead\">Lead-based Paint Inspection<\/a><\/td><td>-<\/td><td>$233-$422<\/td>        <\/tr>\n            <tr data-row_id=\"6122\" class=\"ninja_table_row_18 nt_row_id_6122\">\n            <td><a href=\"#lender\">Lender's Title Insurance<\/a><\/td><td>-<\/td><td>0.1% of sales price<\/td>        <\/tr>\n            <tr data-row_id=\"6113\" class=\"ninja_table_row_19 nt_row_id_6113\">\n            <td><a href=\"#origination\">Loan Origination Fee<\/a><\/td><td>-<\/td><td>0.5%-1% of loan amount<\/td>        <\/tr>\n            <tr data-row_id=\"6110\" class=\"ninja_table_row_20 nt_row_id_6110\">\n            <td><a href=\"#funds\">Mortgage Escrow Account\/Impound Account<\/a><\/td><td>-<\/td><td>1%-2% of sales price <\/td>        <\/tr>\n            <tr data-row_id=\"6098\" class=\"ninja_table_row_21 nt_row_id_6098\">\n            <td><a href=\"#lien\">Municipal Lien Search<\/a><\/td><td>$140-$200<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6114\" class=\"ninja_table_row_22 nt_row_id_6114\">\n            <td><a href=\"#owner\">Owner's Title Insurance<\/a><\/td><td>0.4% of sales price<\/td><td><\/td>        <\/tr>\n            <tr data-row_id=\"6117\" class=\"ninja_table_row_23 nt_row_id_6117\">\n            <td><a href=\"#pest\">Pest Inspection Fee<\/a><\/td><td>-<\/td><td>$100-$200<\/td>        <\/tr>\n            <tr data-row_id=\"6118\" class=\"ninja_table_row_24 nt_row_id_6118\">\n            <td><a href=\"#prepaid-daily\">Prepaid Daily Interest Charges<\/a><\/td><td>-<\/td><td>Varies according to mortgage amount<\/td>        <\/tr>\n            <tr data-row_id=\"6116\" class=\"ninja_table_row_25 nt_row_id_6116\">\n            <td><a href=\"#pmi\">Private Mortgage Insurance<\/a><\/td><td>-<\/td><td>0.58%-1.86% of loan amount<\/td>        <\/tr>\n            <tr data-row_id=\"6099\" class=\"ninja_table_row_26 nt_row_id_6099\">\n            <td><a href=\"#property-tax\">Property Tax<\/a><\/td><td>1.1% of sales price<\/td><td>1.1% of sales price<\/td>        <\/tr>\n            <tr data-row_id=\"6119\" class=\"ninja_table_row_27 nt_row_id_6119\">\n            <td><a href=\"#lock\">Rate Lock Fee<\/a><\/td><td>-<\/td><td>0.25%-0.5% for 60 days or less + 0.06%-0.37% for extension<\/td>        <\/tr>\n            <tr data-row_id=\"6100\" class=\"ninja_table_row_28 nt_row_id_6100\">\n            <td><a href=\"#commission\">Real Estate Agent Commission<\/a><\/td><td>6% of sales price<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6101\" class=\"ninja_table_row_29 nt_row_id_6101\">\n            <td><a href=\"#recording\">Recording Fee<\/a><\/td><td>-<\/td><td>$125<\/td>        <\/tr>\n            <tr data-row_id=\"6102\" class=\"ninja_table_row_30 nt_row_id_6102\">\n            <td><a href=\"#settlement-agent\">Settlement Fee<\/a><\/td><td>$150-$500<\/td><td>$150-$500<\/td>        <\/tr>\n            <tr data-row_id=\"6120\" class=\"ninja_table_row_31 nt_row_id_6120\">\n            <td><a href=\"#survey\">Survey Fee<\/a><\/td><td>-<\/td><td>$500<\/td>        <\/tr>\n            <tr data-row_id=\"6191\" class=\"ninja_table_row_32 nt_row_id_6191\">\n            <td><a href=\"#monitoring\">Tax Monitoring Fee<\/a><\/td><td>-<\/td><td>$50<\/td>        <\/tr>\n            <tr data-row_id=\"6121\" class=\"ninja_table_row_33 nt_row_id_6121\">\n            <td><a href=\"#title\">Title Search Fee<\/a><\/td><td>-<\/td><td>$75-$200<\/td>        <\/tr>\n            <tr data-row_id=\"6123\" class=\"ninja_table_row_34 nt_row_id_6123\">\n            <td><a href=\"#transfer\">Transfer Tax<\/a><\/td><td>-<\/td><td>0.01%-4% of sales price<\/td>        <\/tr>\n            <tr data-row_id=\"6124\" class=\"ninja_table_row_35 nt_row_id_6124\">\n            <td><a href=\"#underwriting\">Underwriting Fee<\/a><\/td><td>-<\/td><td>$400-$900<\/td>        <\/tr>\n            <tr data-row_id=\"6104\" class=\"ninja_table_row_36 nt_row_id_6104\">\n            <td><a href=\"#utility\">Utility Bills<\/a><\/td><td>Varies according to pending dues<\/td><td>-<\/td>        <\/tr>\n            <tr data-row_id=\"6125\" class=\"ninja_table_row_37 nt_row_id_6125\">\n            <td><a href=\"#funding\">VA Funding Fee<\/a><\/td><td>-<\/td><td>0.5%-3.6% of loan amount<\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table>\n    \n    \n    \n<\/div>\n\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"calculator\"><strong>Closing Costs Calculator <\/strong><\/h2>\n\n\n\n<p class=\"margin-top-15\">Closing costs vary heavily according to location and mortgage rates. Houzeo&#8217;s <a   href=\"https:\/\/www.houzeo.com\/closing-cost-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">Closing Costs Calculator<\/a> is a free tool that factors in these elements to help sellers and buyers estimate their closing costs. It shows the user a detailed list of itemized costs and highlights junk costs that can be avoided. <\/p>\n\n\n\n<p>Houzeo&#8217;s Closing Cost Estimator is frequently calibrated to give sellers and buyers the closest estimate according to market conditions. <\/p>\n\n\n\n<p><strong><strong>\u00bb<\/strong> <a   href=\"https:\/\/www.houzeo.com\/closing-cost-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">Closing Cost Calculator<\/a>:<\/strong> Check your closing costs now!<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"refinance\"><strong>How Much are Closing Costs on a Refinance?<\/strong><\/h2>\n\n\n\n<p class=\"margin-top-15\">Sometimes buyers take a new mortgage to pay off the one they had taken when buying the house. This trade-off is called refinancing a mortgage. The cost of refinancing a house usually is 2%-6% of the loan amount.<\/p>\n\n\n\n<p>A buyer may consider refinancing their mortgage for many reasons like removing or adding someone to the mortgage, changing their loan term, lowering interest rates, changing the type of loan, switching from an adjustable-rate mortgage to a fixed-rate loan, opting for cash-out refinance, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>Typical Closing Costs on a Refinance <\/strong><\/h3>\n\n\n\n<p>The buyer has to pay certain closing costs when refinancing their mortgage. These include &#8211; <\/p>\n\n\n\n<ul class=\"wp-block-list margin-top-15\">\n<li><a   href=\"#application-fee\">Application Fees<\/a><\/li>\n\n\n\n<li><a   href=\"#appraisal\">Appraisal Fees<\/a><\/li>\n\n\n\n<li><a   href=\"#closing\">Attorney\/Settlement Fees<\/a><\/li>\n\n\n\n<li><a   href=\"#reporting\">Credit Reporting Fees<\/a><\/li>\n\n\n\n<li><a   href=\"#inspection\">Inspection Fees<\/a><\/li>\n\n\n\n<li><a   href=\"#origination\">Origination Fees<\/a><\/li>\n\n\n\n<li><a   href=\"#prepaid-daily\">Prepaid Daily Interest Charges<\/a><\/li>\n\n\n\n<li><a   href=\"#recording\">Recording Fees<\/a><\/li>\n\n\n\n<li><a   href=\"#survey\">Survey Fees<\/a><\/li>\n\n\n\n<li><a   href=\"#title\">Title Search Fees<\/a><\/li>\n\n\n\n<li><a   href=\"#underwriting\">Underwriting Fees<\/a><\/li>\n<\/ul>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>Factors That Affect Refinance Closing Costs<\/strong><\/h3>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>1. Credit Score<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">If the buyer&#8217;s credit score has changed since the first mortgage, the lender may offer them different terms based on the new score. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>2. Discount Points<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Buyers can buy down the mortgage interest by purchasing discount points from the lenders.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>3. Lender Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Closing costs include expenses such as an application fee and loan origination fee. Some lenders may waive or lower these fees.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>4. Location<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The cost of different closing expenses, like <a   href=\"https:\/\/www.houzeo.com\/blog\/property-taxes-by-state\/\" target=\"_blank\" rel=\"noreferrer noopener\">property taxes by state<\/a>, insurance, recording fee, title fee, settlement fee, etc., varies across the U.S. This can have an impact on the closing costs. <\/p>\n\n\n\n<p>In addition to this, the local competition amongst mortgage lenders can influence the interest rate, consequently affecting the monthly payments.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>5. Size of Loan<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">The bigger the loan, the higher the monthly payments. However, smaller loans, $100,000 or less, often have higher interest rates to cover the fixed costs lenders incur.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>6. Type of Refinance <\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">A cash-out refinance, where the buyer borrows more money than they owe against their equity, poses a higher risk for the lenders. Hence, these usually have a higher rate of interest. Moreover, a cash-out refinance puts the buyer at the risk of having to pay PMI if the value of their house decreases.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>7. Type of Loan<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Some closing costs, like PMI, are determined by the type of loan a buyer opts for.   <\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\"><strong>Are Closing Costs Negotiable?<\/strong><\/h2>\n\n\n\n<p class=\"margin-top-15\">Yes. Both the seller and buyer can negotiate a part of their specific closing costs. Usually, with the exception of the fee paid to federal organizations and third-party service providers, all expenses are negotiable.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>1. Realtor Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Realtor commission is the biggest seller closing cost since they have to pay commission to the seller&#8217;s agent as well as the buyer&#8217;s agent. Most sellers shell out 6% of the sales price of their house as realtor commission. However, they can negotiate this fee with the realty.<\/p>\n\n\n\n<p><strong><strong>\u00bb<\/strong><\/strong> <strong><a   href=\"https:\/\/www.houzeo.com\/blog\/best-realtors-in-the-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">Best Realtors<\/a>:<\/strong> Check out our rankings of the top Realtors in the US<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>2. Loan Application Fee <\/strong><\/h4>\n\n\n\n<p id=\"margin-top-15\">This is a one-time fee lenders charge to start a loan application. Buyers can negotiate for this fee to be lowered or waived off, especially if they have paid the lender for other fees.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>3. Origination Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Many lenders charge 1% of the loan amount as an originating fee to process the loan. But buyers can negotiate for this fee to be lowered or waived off.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>4. Underwriting Fee<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Some lenders may charge this fee in place of the originating fee, while others charge it in addition to the latter. Buyers can negotiate this fee.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>5. Discount Points <\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Buyers can discuss the cost of each discount point and its value in terms of interest rate with the lender, especially if they have received offers from multiple lenders. While this may increase the upfront closing costs, it will help lower the monthly mortgage payments.  <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>6. Homeowner&#8217;s Insurance <\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Most lenders offer referrals for insurance vendors to buyers. However, buyers are free to explore insurance providers off the lender&#8217;s list to find the best deal. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>7. Lender&#8217;s Title Insurance<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Buyers can request the lender to opt for an economical title insurance vendor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"reduce\"><strong>How to Reduce Closing Costs?<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>For Sellers<\/strong><\/h3>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>1. Opt for a discount broker or a flat fee realtor<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Compared to traditional brokers who charge 6% of the sales price as commission, <a   href=\"https:\/\/www.houzeo.com\/blog\/discount-real-estate-brokers\/\" target=\"_blank\" rel=\"noreferrer noopener\">discount real estate brokers<\/a> only charge 3%-4% of the sales price for their services. In fact, some <a   href=\"https:\/\/www.houzeo.com\/blog\/low-commission-real-estate-companies\/\" target=\"_blank\" rel=\"noreferrer noopener\">low commission realtors<\/a> offer higher concessions if sellers choose them as their buyer&#8217;s agents for their next real estate purchase. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>2. Choose &#8220;For Sale By Owner&#8221; (FSBO)<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Sellers can save up to 3% real estate agent commission and cut several costs by opting for <a   href=\"https:\/\/www.houzeo.com\/blog\/for-sale-by-owner-websites\/\" target=\"_blank\" rel=\"noreferrer noopener\">For Sale By Owner services<\/a>. Even a real estate attorney is not mandatory for a FSBO sale. However, it is highly recommended.<\/p>\n\n\n\n<p class=\"margin-top-15\">Houzeo offers services like <a   href=\"https:\/\/www.houzeo.com\/blog\/flat-fee-mls\/\" target=\"_blank\" rel=\"noreferrer noopener\">Flat Fee MLS<\/a> for FSBO sellers that list properties on the MLS and make the selling process easier and smoother. What&#8217;s more, if the buyer is unrepresented, with Houzeo, sellers can save thousands if they list their home <a   href=\"https:\/\/www.houzeo.com\/sell-your-home-fsbo\" target=\"_blank\" rel=\"noreferrer noopener\">FSBO<\/a>! <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>3. Research and compare<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Sellers can save on closing costs such as attorney fees, home inspection fees, and escrow fees by researching and comparing more affordable services to find the one most suitable for them. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>4. Ask the buyer to cover seller closing costs<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Buyers may agree to cover the seller&#8217;s closing costs if the market is competitive and fewer houses are in the market. On the other hand, sellers can raise the listing price to cover full or partial closing costs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>For Buyers<\/strong><\/h3>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. Opt for a rebate program<\/strong><\/h4>\n\n\n\n<p>Some <a   href=\"https:\/\/www.houzeo.com\/blog\/real-estate-brokers\/\" target=\"_blank\" rel=\"noreferrer noopener\">real estate brokers<\/a> offer buyers incentives like rebates that help lower their closing costs and\/or buy down the mortgage interest. Real estate agent services are free for buyers as sellers pay the agent commission for both parties.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>2. Give a solid offer<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Present an attractive deal to entice the other party to cover some of the closing costs. An irresistible offer, although it doesn\u2019t mean more proceeds, can reduce expenses. The better the offer, the more they\u2019ll want to accommodate the deal. Hence, there\u2019s a great chance the seller will pay the added cost to keep the transaction easier and quicker. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>3. Minimize requests<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Making demands can make the deal slow and troublesome for both parties. Hence, buyers should make minimal requests so the seller will be more willing to cover some of the closing costs. If there are too many inconveniences, the seller may question the genuineness of the buyer and feel the need to back out. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>4. Make it quick and hassle-free<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Most of the sellers aren\u2019t happy dealing with the lengthy transaction. As much as possible, buyers must keep the transaction straightforward without beating the bush. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>5. Research and compare<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Buyers can save closing costs by carefully comparing and choosing the best lender for their situation according to their fee and mortgage rate. Additionally, they can opt for economical insurance providers, pest inspection services, and lead-based paint inspection services.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading margin-top-15\"><strong>6. Ask the seller to cover closing costs<\/strong><\/h4>\n\n\n\n<p class=\"margin-top-15\">Depending on the market conditions, the buyer can negotiate the deal with the seller by requesting them to cover some of the buyer&#8217;s closing costs or offer credits towards closing costs. <\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\"><strong>How to Get Closing Costs Waived?<\/strong><\/h2>\n\n\n\n<p>The answer to the question &#8220;How to get closing costs waived?&#8221; is more or less the same as negotiating closing costs.<\/p>\n\n\n\n<p>In addition to the above, one way buyers can try to get the closing cost waived is by opting for a no-closing costs mortgage. However, the interest rate for a <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-a-no-closing-cost-mortgage\/\" target=\"_blank\" rel=\"noreferrer noopener\">no closing cost mortgage<\/a> is usually high.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"tax\"><strong>Are Closing Costs Tax Deductible?<\/strong><\/h2>\n\n\n\n<p class=\"margin-top-15\">Only closing costs that are or can be considered interest or taxes can be written off for deductions. <\/p>\n\n\n\n<p>Some tax-deductible seller closing costs are property tax, utility installation charges, real estate commissions, legal fees, transfer taxes, title policy fees, and deed recording fees.<\/p>\n\n\n\n<p>Some tax-deductible buyer closing costs are origination fee, discount points, mortgage insurance premiums, VA funding fee, title fee, survey fee, transfer tax, property tax, prepaid daily interest charges, and recording fee. <\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"conclusion\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>Developing an understanding of closing costs is important for both sellers and buyers as it can greatly impact their finances. Sellers should factor in closing costs when calculating the listing price of a home. Buyers, on the other hand, should estimate these costs to determine affordability and identify where they can save.<\/p>\n\n\n\n<p>If you have not begun your real estate journey yet, opt for Houzeo. It is a tech-driven platform that offers maximum savings, cutting-edge technology, and 5-star customer support. Its 100% virtual service helps sellers list their property and buyers explore homes and make offers, all online.<\/p>\n\n\n\n<p>Houzeo&#8217;s flat fee packages make it an ideal choice for those looking to avoid high commissions and closing costs. Sellers can list their property hassle-free from the comfort of their homes. Buyers can browse properties and submit offers with ease, all in one place.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\"><strong>Find Your New Home With Houzeo<\/strong><\/h2>\n\n\n\n<p>With thousands of property listings, Houzeo.com is one of the biggest property listing sites in the US. Find condos, townhouses, co-ops, and other types of <a   href=\"https:\/\/www.houzeo.com\/homes-for-sale\" target=\"_blank\" rel=\"noreferrer noopener\">homes for sale<\/a> on Houzeo.<\/p>\n\n\n\t<div  class=\"hfsWidget \" data-widget-title=\"Find Your Dream Home \ud83c\udfe1\" data-widget-list-item1=\"1st item\" data-widget-list-item2=\"2nd item\" data-widget-list-item3=\"3rd item\" data-widget-type=\"buyer1\" data-widget-vendor-type=\"inspector\" data-widget-state=\"us\" data-widget-city=\"\" data-widget-redirect-url=\"https:\/\/www.houzeo.com\/homes-for-sale\" data-widget-redirect-text=\"Find houses in the United States for sale\" data-widget-button-url=\"https:\/\/www.houzeo.com\" data-widget-button-text=\"\" data-widget-min-price=\"0\" data-widget-max-price=\"0\" data-widget-min-area=\"0\" data-widget-max-area=\"0\" data-widget-sidebar=\"false\">\n        <div class=\"widgetMainBox mainBox456\">\n        <div class=\"widgetBox widgetBox3 buyer-one\">\n            <div class=\"widgetTop\" style=\"display: flex;\">\n                <div class=\"widgetTopcont\">\n                    <div class=\"homePageQuickListing -page homepage widgetInBox3 hfs_new_design_widget\">\n                      <div class=\"HeaderTopSidebar\"> \n                        <p class=\"headerStyle\">Find Your Dream Home \ud83c\udfe1<\/p>\n                                                                         <div class=\"widgetList skeleton skeleton-text\">\n                            <p>View 1,618,370 homes for sale in <span\n                            class=\"propertyStateSpan\">US<\/span><\/p>                            \n                        <\/div>\n                                                                      <\/div>  \n                        <div class=\"verifyFieldForm addInput\">\n                            <div class=\"inputSearchBox\">\n                                <div class=\"inputBoxElement addressBar\">\n                                    <input type=\"text\" name=\"ITBTtRE\" id=\"buyerAutocomplete\"\n                                        placeholder=\"Enter an address, city, neighborhood, or ZIP\"\n                                        class=\"pac-target-input buyerAutocomplete\" autocomplete=\"off\">\n                                <\/div>\n                                <span class=\"errorStreetMsg errorMsg\">Please enter valid address<\/span>\n                            <\/div>\n                            \n                            <div class=\"inputSubmitBox\">\n                                                                <button id=\"buyerBtnBox456\" class=\"continueCta storeAddress next_btn buyerBtnBox\">Search\n                                    <span class=\"arrowContinue\"><\/span><\/button>\n                            <\/div>\n                        \n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/div>\n            <div class=\"widgetInsideBox\">\n                <div class=\"widgetPropertyBoxNew\" id=\"propertyContainer\">\n                <div class=\"widgetPropertyInnerBox\">   \n                 \t\t\t\t\t\t   <div class=\"widgetPropColumnNew halfWidthCard\">\n\t\t\t\t\t\t\t  <a href=\"https:\/\/www.houzeo.com\/homes\/49-51-54-merrimac-st-buffalo-ny-14214\/hzid_62ae5506\" class=\"widgetAnchorColumnLink\" target=\"_blank\" >\n\t\t\t\t\t\t\t\t   <div class=\"widgetImageBox\">\n\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/cdn.houzeo.com\/idx\/media\/25\/NYSAM1149500229\/1_2004718969573_0b9e6d2a75_dim_640X450.webp\" alt=\"\" onerror=\"this.src='https:\/\/dtpwvruv8ddnl.cloudfront.net\/seller\/listing\/uploads\/listing_images\/thumbnails\/empty-property.jpg';\">\n\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/idx\/NYSAMLS_1712227175-xs.webp\" alt=\"logo\" class=\"insideWidgetLogo\">\n\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t   <div class=\"widgetTextBox\" >\n\t\t\t\t\t\t\t\t\t   <p class=\"priceText\">$799,900<\/p>\n\t\t\t\t\t\t\t\t\t   <span class=\"addressText\">\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t49, 51, 54 merrimac st, <br\/>buffalo, NY 14214\t\t\t\t\t\t\t\t\t<span class=\"suummarize-info grey-img\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blog-info-gray.svg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t <span class=\"voult-tooltip-box\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"fz-12\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\tListing Provided by: Brittany Weber | James R. Militello <br>\t\t\t\t\t\t\t\t\t\t\t\t\tSource: New York State Alliance of MLSs, Buffalo-NY | MLS#: B1655023<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t\t   <\/a>\n\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t   \t\t\t\t\t\t   <div class=\"widgetPropColumnNew halfWidthCard\">\n\t\t\t\t\t\t\t  <a href=\"https:\/\/www.houzeo.com\/homes\/618-pike-run-dr-california-pa-15427\/hzid_cf3ac796\" class=\"widgetAnchorColumnLink\" target=\"_blank\" >\n\t\t\t\t\t\t\t\t   <div class=\"widgetImageBox\">\n\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/cdn.houzeo.com\/idx\/media\/33\/WPM1137553975\/1_2004449631789_61603cb920_dim_640X450.webp\" alt=\"\" onerror=\"this.src='https:\/\/dtpwvruv8ddnl.cloudfront.net\/seller\/listing\/uploads\/listing_images\/thumbnails\/empty-property.jpg';\">\n\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/idx\/vertopal.com-WestPenn_1712231842-xs.webp\" alt=\"logo\" class=\"insideWidgetLogo\">\n\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t   <div class=\"widgetTextBox\" >\n\t\t\t\t\t\t\t\t\t   <p class=\"priceText\">$500,000<\/p>\n\t\t\t\t\t\t\t\t\t   <span class=\"addressText\">\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t618 pike run dr, <br\/>california, PA 15427\t\t\t\t\t\t\t\t\t<span class=\"suummarize-info grey-img\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blog-info-gray.svg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t <span class=\"voult-tooltip-box\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"fz-12\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\tListing Provided by: Cristina Bianchi | PARK PLACE REALTY GROUP LLC <br>\t\t\t\t\t\t\t\t\t\t\t\t\tSource: West Penn MLS-PA | MLS#: 1723685<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t\t   <\/a>\n\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t                        <div class=\"widgetPropColumnNew fullWidthCard \">\n\t\t\t\t\t\t<a href=\"https:\/\/www.houzeo.com\/homes-for-sale\" class=\"widgetanctextfind widgetancTextForAll\" target=\"_blank\">Find houses in the United States for sale<span><img decoding=\"async\" src=\"https:\/\/houzeo-media-1.s3.amazonaws.com\/homes-for-sale\/blue-arrow.svg\" alt=\"arrow\" width=\"11\" height=\"10\"><\/span> \n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n                   <\/div>   \n               \n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n       \n    <\/div>\n\t<script>\n    document.addEventListener(\"DOMContentLoaded\", function() {        \n        if (!window.assetsLoaded) {\n            window.assetsLoaded = true;\n            var version = (typeof customData !== 'undefined' && customData.customVersion) ? customData.customVersion : '1.0';\n            loadScript('\/blog\/wp-content\/themes\/houzeo-new-design\/js\/hfs-widget.js?version=' + version);\n            loadCSS('\/blog\/wp-content\/themes\/houzeo-new-design\/css\/hfs-widget.css?version=' + version);\n        }    \n    });\n\t\t\n\t<\/script>\n\t\n\n\n\n<p><strong>\u00bb <strong><strong><strong>Need More Clarity<\/strong><\/strong><\/strong>?&nbsp;<\/strong>Read these exclusive&nbsp;<a   href=\"https:\/\/www.realestatequeen.com\/houzeo-reviews\/\" target=\"_blank\" rel=\"noreferrer noopener\">Houzeo reviews<\/a>&nbsp;and learn why the platform is the US\u2019s best home buying and selling website.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"new-excerpt\"><p class=\"small-desc\">Developing an understanding of closing costs can help sellers and buyers increase their profits by avoiding junk fees. Here's all you need to know about closing...<\/p><\/div><div class=\"reading_date\"><span class=\"readtime\">26 mins read<\/span><span class=\"date\">May 13, 2026<\/span><\/div>","protected":false},"author":218,"featured_media":420636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46285,46228],"tags":[],"class_list":["post-107688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-closing-costs","category-investor"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Closing Costs: What you NEED to Know<\/title>\n<meta name=\"description\" content=\"Closing Costs are the final step sellers and buyers need to complete to finalize the real estate deal. 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