typical mortgage closing costs

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1. – First, your closing costs will depend on the purchase price of your home. Sometimes closing costs can be negotiated into the offer to be paid by either the buyer or the seller. Additionally, you may be able to finance your closing costs or choose a "no closing cost" loan that covers the closing costs at a higher interest rate.

   Closing costs typically range from 2% to 5% of the home’s purchase price. Thus, if you buy a $200,000 house, your closing costs could range from $4,000 to $10,000.

   Should I Get a No-Closing-Cost Mortgage? – How a no-closing-cost mortgage works Closing costs are made up of appraisal fees, recording fees, and various other services that must be performed during the home buying process. For an average buyer.

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