Closing costs typically run 2–5% of purchase price and include lender fees (origination, underwriting, processing), title fees (search, insurance, settlement), government fees (recording, transfer taxes), and prepaid escrows (first year of insurance, property tax reserve, per-diem interest).
A material portion of closing costs is negotiable — either directly with the lender or through seller/builder concessions structured into the offer. This is often where a skilled buyer's agent recovers their entire fee.
Lender Fees
Origination, underwriting, processing, credit report, flood cert — always request a formal Loan Estimate to compare.
Title & Settlement
Owner's title insurance policy is optional but strongly recommended; lender's policy is required.
Prepaids & Escrows
First-year homeowners insurance, initial tax escrow, and per-diem interest to first payment date.
Seller Concessions
3–6% of price is commonly permitted by loan program — a lever we deploy where possible.
- Lender Fees
Origination, underwriting, processing, credit report, flood cert — always request a formal Loan Estimate to compare.
- Title & Settlement
Owner's title insurance policy is optional but strongly recommended; lender's policy is required.
- Prepaids & Escrows
First-year homeowners insurance, initial tax escrow, and per-diem interest to first payment date.
- Seller Concessions
3–6% of price is commonly permitted by loan program — a lever we deploy where possible.