Word History: The derivation of the word slave encapsulates a bit of European history and explains why the two words slave and Slav are so similar; they are, in fact, historically identical. The word slave first appears in English around 1290, spelled sclave.
Typically, home buyers will pay between about 2 and 5 percent of the purchase price of their home in closing costs. So, if your home cost $150,000, you might pay between $3,000 and $7,500 in closing costs. On average, buyers pay roughly $3,700 in closing costs, according to a recent survey.
Typical closing costs include: title insurance, the appraisal fee, an inspection fee, points on the mortgage, a credit report, attorneyâs fees, taxes, and more. They are charges that must be paid for with cash at the closing date. Fortunately, there are a number of ways to cut closing costs when buying a home.uying a house is an expensive endeavor. Saving for a down payment often takes a potential home buyer years and it typically takes 30 years to pay off a home loan. Added to the down payment and mortgage payments each month is another large cost that comes with buying a house: closing costs.