When you're planning to buy a home, one expense you'll need to consider is closing costs. These fees can add up quickly, so it's important to understand what they are, what they typically include, and how much you can expect to pay.

What Are Closing Costs? Closing costs are the fees associated with the purchase of a home, paid at the time of closing. They can vary based on the location of the home, the lender, and the type of loan you're getting. Typically, closing costs range from 2% to 5% of the total purchase price of the home.

What Do They Typically Include? Closing costs can include a wide variety of fees, including:

• Appraisal fees

• Inspection fees

• Title search fees

• Title insurance

• Government recording costs

• Attorney fees

• Loan origination fees

• Escrow fees

• Prepaid property taxes and insurance

It's important to review your closing costs carefully so you understand exactly what you're paying for.

How Much Are Closing Costs? As mentioned, closing costs typically range from 2% to 5% of the total purchase price of the home. For example, if you're buying a home for $300,000, your closing costs could be between $6,000 and $15,000.

If you're on the fence about buying a home, don't let closing costs hold you back. There are many resources available to help you understand the homebuying process and plan for these expenses.

If you're ready to take the next step and start the homebuying process, let's connect. I'm here to answer your questions and guide you through the process, including closing costs.