*Updated 8/28/2025

Are you planning on purchasing a home soon?  Have you spoken to your lender about the closing costs involved in purchasing a home?  Typically, closing costs run anywhere between 2% and 5% of the loan amount and are in addition to your down payment.  Talk to your lender about the fees that you will incur and what your total cash needed to close will be.  I can also help you determine any HOA, title, or escrow fees involved.  Here are some typical closing costs for someone using financing:

Be Prepared For Closing Costs

  • Loan origination fee 
  • Loan application fee
  • Appraisal fee (paid upfront)
  • Processing fee
  • Underwriting fee
  • Other loan fees associated with financing
  • Private mortgage insurance premium
  • Escrow impounds and reserves for real estate taxes and homeowner's insurance
  • Recording/Government filing fees
  • Document prep fee
  • Title fees, including title search and title insurance
  • Escrow fees
  • HOA fees
  • Home inspection fee (paid upfront)
  • Pest inspection fee (paid upfront)
  • Specialized inspection fees (paid upfront), for example, HVAC or roof
If you are paying cash, you obviously won't have the lender-related fees, but you will still have title and escrow fees, inspection fees, HOA fees, recording fees, as well as real estate taxes and homeowner's insurance costs. Please contact me to get an idea of what your closing costs will be. Don't forget to factor in that the appraisal fee(s) and inspection fee(s) will be out-of-pocket costs that you pay to a 3rd party at the time of service.  If you go under contract and then decide not to proceed with buying that home, you do not get that money back, and you will pay those fees again when you purchase a different house. Remember to set yourself up for a successful road to homeownership!