Closing costs

The big idea

How much are closing costs when you buy a home?

Closing costs come on top of the price.

On top of the price, expect closing costs of about 2–4% of the purchase price: loan fees, appraisal, title, recording, prepaid insurance and taxes.
You can ask the seller to help, but in a hot market that makes your offer softer.

See it in an example

Example

A $350,000 home.

Closing costs at 2% → $7,000

Closing costs at 4% → $14,000

Estimate; source: our team's buyer guide (2024); your lender gives the real number.