Closing Costs

In addition to the down payment, you will be responsible for paying certain average mortgage closing costs in order to complete the mortgage transaction. Average mortgage closing costs range from 3% to 6% of a home’s purchase price.

 

Average mortgage closing costs may include:

Agent Commissions
Appraisal Fee
Credit Report Fee
Flood Certificate Fee
Origination Fee
Points
Prepaid Homeowner’s Insurance Premiums
Private Mortgage Insurance Premiums
Processing Fee
Recording Fee
Tax Adjustments
Tax Service Fee
Title Search and Insurance
Underwriting Fee