439,448 views
13 votes
13 votes
What are closing costs and how do you calculate closing costs?

User Bruno Polo
by
2.6k points

1 Answer

25 votes
25 votes

Answer:

Closing costs are fees paid at the closing of a real estate transaction. Typically home owners will pay between 2 to 5 percent of the purchase price of their home in closing fees. So, if your home cost $150,000, you might pay between $3,000-$7,000 in closing costs.

User RToyo
by
2.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.