Closing Costs 2026: How Much They Are & How to Save
Closing Costs 2026: How Much They Are & How to Save Closing costs are the fees you pay when buying or selling a home — 2-5% of the home price. This guide breaks down what closing costs include, how much they are, and how to save thousands. What Are Closing Costs? Fees paid at closing (when home ownership transfers). Buyer pays: 2-5% of home price. Seller pays: 6-10% of home price (includes agent commissions). $300K home: Buyer pays $6K-$15K. Seller pays $18K-$30K. When paid: At closing (bring cashier's check or wire transfer). Buyer Closing Costs Breakdown Loan costs: Origination fee (0.5-1% of loan), discount points (optional, 1% = 0.25% rate reduction), credit report ($30-$60), appraisal ($300-$600). Title costs: Title search ($200-$400), title insurance ($500-$1,500), attorney fees ($500-$1,500). Government: Recording fees ($50-$250), transfer taxes (varies by state, 0-2%). Prepaids: Homeowners insurance (1 year), property taxes (prorated), mortgage interest (pr...