At some point in history, slavery has plagued nearly every part of the world. From ancient Greece to the modern Americas, innumerable governments have sanctioned the complete control of certain persons for the benefit of other persons, usually under the guise of social, mercantile, and technological progress.
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.Lenders are required by law to give you a good faith estimate (GFE) of what the closing costs on your home will be within three days of when you apply for a loan.losing costs vary widely based on where you live and the property you buy. Closing costs often include things such as: 1  A fee for running your credit report. 2  A loan origination fee, which lenders charge for processing the loan paperwork for you. 3  Attorneyâs fees.
You can save hundreds of dollars on your closing costs just by shopping around. Bankrate's 2016 Closing Costs Survey found the average fees due at closing for a $200,000 home totaled $2,128 in lender and third-party fees. Fees charged by lenders inched up 1.6%, to $1,058 in 2016. Fees paid to third parties for such things as appraisals and title insurance averaged $1,070. But fees can vary greatly, depending on where you live. Hawaii had the highest average closing costs at $2,655, followed by New York at $2,560.