What are closing costs?
Closing costs are fees and expenses you pay when you close on your house, beyond the down payment. These costs can run 3 to 5 percent of the loan amount and may include title insurance, attorney fees, appraisals, taxes and more. This guide can help you plan for closing costs, but be sure to talk to your mortgage lender about the specifics for your home purchase. What makes up your closing costs? Loan origination fees. These include fees for processing and underwriting the loa