What are closing costs?
Closing costs are all the additional fees you will be charged for closing the transaction when you buy, sell or refinance. These include escrow fees, fees for title insurance, credit reports, notaries, lender fees, discount points and commissions.
Closing costs can range from 3% to 8% of a home’s closing price.
If you are a buyer, closing costs are separate from your down payment.
See a List of Common Closing Costs

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