Learning Center
Closing Costs
In addition to the down payment, you will be responsible for paying certain average mortgage closing costs in order to complete the mortgage transaction. Average mortgage closing costs range from 3% to 6% of a home’s purchase price.
Average mortgage closing costs may include:
- Agent Commissions
- Appraisal Fee
- Credit Report Fee
- Flood Certificate Fee
- Origination Fee
- Points
- Prepaid Homeowner’s Insurance Premiums
- Private Mortgage Insurance Premiums
- Processing Fee
- Recording Fee
- Tax Adjustments
- Tax Service Fee
- Title Search and Insurance
- Underwriting Fee
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