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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.
On average, closing costs make up two to five percent of the purchase price of a home. Two percent doesn't seem like a high number, until you remember that houses are pretty expensive. With the average home price at $152,000, that means you can expect to pay an extra $3,000 to $7,600.And that's just on average.This can be quite a surprise to new homeowners, so here's a round-up of closing costs to watch out for.scrow Fee/Settlement Fee/Closing Fee. You have to pay for the services of the escrow agent who helps you close. The buyer and seller usually split this fee, which is usually a minimum of $150, Good Mortgage says.