Understanding Closing Costs
What they are, how much they cost, and how to reduce them
Last updated February 27, 2026
Table of Contents
What Are Closing Costs?
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Common Closing Cost Fees
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How to Estimate Your Closing Costs
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Strategies to Reduce Closing Costs
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Closing Cost Assistance Programs
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Frequently Asked Questions
How much are closing costs?
Closing costs typically range from 2% to 5% of the loan amount. On a $300,000 home, that's roughly $6,000 to $15,000.
Can I roll closing costs into my mortgage?
Some loan programs allow you to finance closing costs into your loan, though this increases your monthly payment. VA loans and USDA loans offer more flexibility here.
Who pays closing costs - buyer or seller?
Both buyers and sellers pay closing costs, though the specific split varies. Buyers can negotiate seller concessions to cover some or all of their closing costs.
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