A Buyer’s Guide to Closing Costs

Closing costs can seem confusing to new and experienced home buyers and refinancing homeowners, but you don’t need to fear closing fees or assume you’ll never understand them. Get and idea about your estimated closing costs for your loan by looking at this guide as it pertains to your specific situation. Closing costs average about 1-5% of the loan amount. That estimate can vary widely depending on the loan amount, mortgage type, and area of the country in which you are buying or refinancing.